Guinness Nigeria : NIG PLC-RESOLUTIONS PASSED AT 2023 AGM OF THE COMPANY
October 25, 2023 at 12:06 pm EDT
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Guinness Nigeria Plc
Lagos; 25 October 2023
OUTCOME OF THE 73rd ANNUAL GENERAL MEETING OF GUINNESS NIGERIA PLC
Guinness Nigeria Plc ("the company") wishes to inform the Nigerian Exchange Limited ("NGX"), its shareholders and the investing public that the 73rd Annual General Meeting of the company was held on the 24th day of October 2023 as scheduled.
At the meeting, the members considered and duly passed the following resolutions:
That the Audited Accounts Financial Statements for the year ended 30th June 2023, the Report of the Directors, the Independent Auditors
Report, and the Audit Committee's Report thereon, laid before members and was received.
That the ratification of appointment of the following Directors were approved:
Mr. John Musunga as an executive director;
Mrs. Grainne Wafer as a non-executive director; and
Ms. Joan Hodgins as a non-executive director.
That the following Directors were re-elected to the Board of the Company:
Ms. Ngozi Edozien
Mrs. Yemisi Ayeni
Mrs. Tariye Gbadegesin
The remuneration of Managers of the Company pursuant to CAMA 2020 was disclosed on page 107 of the Annual Report and Accounts.
Directors: Dr (Mrs.) Omobola Johnson (Board Chair) | Ms Joan Hodgins (Irish) (Vice Chairman) | Mr. John Musunga (Kenyan) (Managing Director/CEO) | Mr Emmanuel Difom (Cameroonian) (Finance Director) | Ms. Ngozi Edozien | Mr Leo Breen (British) | Ms. Grainne Wafer (Irish) | Mrs. Oluyemisi Ayeni | Prof. Fabian Ajogwu, SAN | Mrs Tariye Gbadegesin
A subsidiary of DIAGEO PLC
That the Directors are authorized to fix the remuneration of the Auditors.
That Mrs. Joy Onome Adewuyi, Mr. Moses Igbrude and Mr. George Ibhade are hereby elected as Shareholders' representatives on the
Statutory Audit Committee; and that Ms. Ngozi Edozien and Mrs. Tariye Gbadegesin be appointed to represent the Board on the Committee.
That the remuneration of the Directors in respect of the year ending 30 June 2024 was fixed at not more than N150,509,076 (one hundred and fifty million five hundred and nine thousand and seventy-six naira).
That the General Mandate in respect of recurrent transactions of a revenue or trading nature with related parties of the Company is renewed for the 2023/2024 financial year.
Directors: Dr (Mrs.) Omobola Johnson (Board Chair) | Ms Joan Hodgins (Irish) (Vice Chairman) | Mr. John Musunga (Kenyan) (Managing Director/CEO) | Mr Emmanuel Difom (Cameroonian) (Finance Director) | Ms. Ngozi Edozien | Mr Leo Breen (British) | Ms. Grainne Wafer (Irish) | Mrs. Oluyemisi Ayeni | Prof. Fabian Ajogwu, SAN | Mrs Tariye Gbadegesin
A subsidiary of DIAGEO PLC
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Guinness Nigeria plc published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 16:05:40 UTC.
Guinness Nigeria Plc is the Nigerian leader in producing and marketing alcoholic beverages. The group's products, including primarily spirits, vodkas, beer and malted beverages, are sold under the Guinness Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness, Malta Guinness Low Sugar, Harp Lager, Dubic Lager, Dubic Dark Ale, Smirnoff Ice, Satzenbrau Lager, Snapp, Top Malt, Alvaro, Master's Choice, Orijin Spirit Mixed Drink, Orijin Bitters brands, etc.
At the end of June 2023, the group had 6 production sites located in Nigeria (4) and Benin (2).
GUINNESS NIGERIA PLC 
