FO to Hold 40th AGM on September 3 2019

Proshare

 Friday, August 09, 2019 06:20PM / NSE

 

Notice is hereby given that the 40th Annual General Meeting of the Members of Forte Oil Plc will hold on the 3rd day of September 2019 at 10am at Bespoke Event Centre Lekki- Ajah Expressway, Lagos to transact the following business:

 

Ordinary Business

1.      To present the Report of the Directors, the Consolidated Statement of Financial Position with the Consolidated Statement of Profit or Loss and other Comprehensive Income for the year ended 31st December, 2018 and the Report of the Auditors and Audit Committee thereon.

2.            To ratify the appointment of the following directors:

a.                  Mr.AbdulWasiu O.Sowami as a Non-Executive Director in the Company;

b.                  Mr. Olumide Adeosun as an Executive Director in the Company;

c.                  Mr.Moshood Olajide as an Executive Director in the Company:

d.                 Mr.Mohammed Aminu Umar as a Non-Executive Director in the Company;

e.                  Mr. Olusola Adeeyo as an Independent Non-Executive Director in the Company; and

f.                   Mrs. Aniola Durosinmi-Etti as an Independent Non-Executive Director in the Company.

3.                  To authorize the Directors to appoint new Auditors

4.                  To authorize the Directors to fix the remuneration of the Auditors.

5.                  To elect/re-elect the members of the Audit Committee.

 

Special Business

To fix the remuneration of the Directors

To consider and if thought fit, pass the following resolutions as special resolutions of the Company:

That the shareholders approve that the Company enter into discussions with Prudent Energy & Services Limited and or any company or individual(s) representing it in connection with the acquisition of identified downstream assets including but not limited to plant and machinery, trucks, stations and subject to independent valuations on fair value, enter into subsequent binding agreements on comparable arm's length/commercial terms in relation to the assets to be acquired.

That the directors and/or management of the Company be and are hereby authorized to approve, sign and/or execute all documents, appoint such professional parties and advisers, as may be necessary to give effect to the above resolutions, including without limitation, complying with the directives of any regulatory authority and all acts carried out, steps taken and documents executed (or to be executed) by the directors and/or management of the Company in connection with the above resolutions.

To renew the general mandate authorizing the Company to enter into recurrent transactions which are of a trading nature or those necessary for its day to day operations with related parties or companies in accordance with the Rules of the Nigerian Stock Exchange governing transactions with related parties or interested persons.


Proxy

A member entitled to att end and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his stead. A proxy need not be a member of the Company. For the appointment to be valid, a completed and duly stamped proxy form by the Commissioner of Stamp Duties must be deposited at the office of the Registrar, Veritas Registrars Limited, Plot 89A Ajose Adeogun Street, Victoria Island, Lagos not less than 48 hours before the time fixed for the meeting.

 

Audit Committee

The Audit Committee consists of 3 shareholders and 3 Directors in accordance with Section 359(5) of the Companies and Allied Matters Act of 2004. Any member may nominate a shareholder as a member of the Audit Committee by giving written notice of such nomination to the Secretary of the Company at least 21 days before the Annual General Meeting.

 

Rights Of Securities' Holders To Ask Questions

Securities’ Holders have a right to ask questions not only at the meeting but also in writing prior to the meeting and such questions must be submitted to the Company Secretary on or before 23rd of August, 2019.


Visit Forte Oil Plc IR Page in Proshare MARKETS

Graph – One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.

 

 

Table: Unaudited Q1 2019 Results

Proshare Nigeria Pvt. Ltd.


Related News

  1. Forte Oil Plc Gets CAC Approval For The Extension of Time To Convene Its 40th AGM
  2.  FO Notifies of the Company’s Board Meeting and Closed Period
  3. FO Announces Resignation and Appointment of its Board of Directors
  4. Femi Otedola: From FO to Geregu
  5. Forte Oil Plc - Business Repositioning Signals New Dawn – May 17, 2019
  6. Forte Oil Plc Notifies Of Divestment and Sales Of Its Subsidiaries – May 04, 2019
  7. Forte Oil Plc Holds Extraordinary General Meeting On February 7th, 2019
  8. Forte Oil Denies Involvement With Skye Bank Insider Related Loans
  9. Forte Oil Plc: Will Planned Divestment Unlock Value?
  10. FO Declares N7.92bn PAT in Q2'18Results; Revenue Grew by 32.4%,(SP:N25.05k)
  11. Forte Oil Plc Announces the Outcome of Its 39th AGM Held On May 23, 2018
  12. Shareholders Approve Forte Oil’s Divestment Plan From Subsidiaries
  13. Forte Oil Plc - Decent Q1’18 Numbers, AGM To Decide On Plans to Divest Subsidiaries
  14. Analysts Advise Caution Over Forte Oil’s Announced Plans To Divest
  15. Forte Oil To Sell Some Nigerian Assets, Exit Ghana
  16. Forte Oil Plc Obtains Exclusive Right to Distribute Chevron’s Havoline Motor Oils
  17. FO Declares N2.96bn PAT in Q1 2018 Result,(SP:N37.45k)
  18. Forte Oil Plc - Earnings Beat On Strong Power Performance
  19. Nigerian Companies That Grew Their Dividend by More Than 100% in 2017
  20. Forte Oil Plc - Earnings Beat On Strong Power Performance - Proshare Apr 11, 2018
  21. FO Declares N12.23 bn PAT in Q4 2017 Result,(SP:N41.90k)
  22. Forte Oil Plc - Diversified Model Shields Earnings, Pat Up 81% YoY
  23. FO Declares N5.07 billion PAT in Q3 2017 Result,(SP:N48.00k)
  24. Forte Oil Plc: Powering an Integrated Energy Model
  25. FO Puts Equity Offering on Hold Pending the Conclusion of an Ongoing Corporate Restructuring
  26. Forte Oil Plc - Strong Start to 2017, PBT Rises by 11% YoY
  27. Alleged Partnership Between FO & Local Refineries for the Refining of Petroleum Products in Nigeria
  28. FO Declares N4.11billion PAT in Q2'17 Results; Revenue Declines by 22.2%,(SP:N61.70k)
  29. Margin Improvement Spurs Impressive H1'17 results for Forte Oil Plc; BUY signal
  30. Forte Oil Plc Announces Board Meeting date and Closed Period
  31. Forte Oil QI 2017; Powering The Future
READ MORE:
Related News
SCROLL TO TOP