Annual General Meeting Resolutions Of MTN Nigeria

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MTN Nigeria Communications PLC convened its Annual General Meeting on Thursday, April 28, 2022, at the Rooftop Event Hall, MTN Plaza, Falomo, Ikoyi, Lagos. Members of the Company resolved that:

  1. The Audited Financial Statements for the year ended 31 December 2021 together with the Reports of the Directors, Auditors and Audit Committee as laid before Members at the Annual General meeting be and are hereby received.

2. A dividend payment of N174.53bn (one hundred and seventy-four billion, five hundred and thirty million Naira) to shareholders whose names appear in the Company’s Register of Members at the close of business on Wednesday, April 6, 2022 (bringing the local dividend for the year ended 31 December 2021 to N13.12, subject to withholding tax) be and is hereby approved.

Re-election of Directors as follows:

Chief Risk Officer, MTN Group and immediate past Chief Executive Officer, MTN Nigeria Communications Plc, Ferdinand Moolman; Chief Financial Officer, MTN Nigeria Communications Plc, Modupe Kadri; Chief Executive Officer, MTN Nigeria Communications Plc, Karl Olutokun Toriola; Chairman, MTN Nigeria Communications Plc, Dr Ernest Ndukwe, OFR, and Company Secretary, MTN Nigeria Communications Plc, Uto Ukpanah at the third Annual General Meeting, held at the MTN Nigeria Headquarters on Thursday, April 28, 2022.

  1. Mr. Mohammad K. Ahmad OON
    b. Mr. Andrew AIIi.
    c. Mr. Michael Ajukwu.
    d. Dr. Omobola Johnson.
    e. Mr. AB Mahmoud SAN OON.
  2. The Directors are authorised to fix the remuneration of the Auditors for the year ending 31 December 2022.
  3. The remuneration of the Managers of the Company was disclosed to members.
  4. The shareholder representatives duly elected to the Statutory Audit Committee of the Company are:

Company Secretary, MTN Nigeria Communications Plc, Uto Ukpanah; Chief Executive Officer, MTN Nigeria Communications Plc, Karl Olutokun Toriola; Chairman, MTN Nigeria Communications Plc, Dr Ernest Ndukwe, OFR; Non-Executive Director, MTN Nigeria Communications Plc, Dr Omobola Johnson, and Non-Executive Director, MTN Nigeria Communications Plc, Andrew Alli at the third Annual General Meeting, held at the MTN Nigeria Headquarters on Thursday, April 28, 2022.

  1. Mr. Oye Hassan-OdukaIe MFR,
    ii. Col. Ayegbeni Peters (Rtd.)
    iii. Mr. Nornah Awoh.

The Boord representatives on the Statutory Audit Committee are:
i. Mr. Rhidwaan Gasant; and
ii. Mrs. lfueko M.Omoigui Okauru, MFR.

  1. A general mandate was given to the Company to enter into recurrent transactions with related parties for the company’s day-to-day operations, including the procurement of goods and services, on normal commercial terms, in compliance with the Nigerian Exchange Limited (“NGX”) Rules Governing Transactions with Related Parties or Interested Persons.

 


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