RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING OF BUA CEMENT PLC HELD ON THE 21ST JULY 2022
This is to inform NGX Regulation Limited and the investing public that at the 6th Annual General Meeting of BUA Cement PLC (BUA Cement or the Company) held on Thursday, 21st July, 2022, at Transcorp Hilton Hotel, No 1, Aguiyi Ironsi Street, Maitama Abuja the following resolutions were duly passed:
That the Audited Financial Statements of the Company for the year ended December 31st, 2021 together with the Reports of the Directors, Auditors and Audit Committee thereon be received.
That a dividend of ₦2.60 kobo per share in respect of the period ended December 31, 2021 is hereby approved.
That the following Directors are hereby re-elected as Non-Executive Directors:
Chimaobi Madukwe
Kabiru Rabiu
Jacques Piekarski
That the Directors be authorized to fix the remuneration of the Auditors.
The remuneration of the Managers of the Company was disclosed to members at the meeting.
6. That Mr. Ajibola Ajayi, Mr. Kabiru Tambari and Mr. Oderinde Taiwo are hereby elected as the representatives of the Shareholders on the Statutory Audit Committee of the Company for the 2022 Financial year. While Kabiru Rabiu and Shehu Abubakar are the Board representatives on the Audit Committee for the 2022 Financial year.
7. That the remuneration of Non-Executive Directors for the year ending December 31, 2022 is hereby approved.
Hauwa Satomi
Deputy Company Secretary
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BUA Cement plc published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 14:44:02 UTC.
BUA Cement Plc is a Nigeria-based company, which is a cement producer. The Company is engaged in manufacturing and sales of cement to the general public. These activities are conducted primarily in Nigeria. The Company is focused on the production and marketing of cement under the brand name BUA Cement. The Company produces the CEM II type of cement in accordance with the Nigerian Industrial Standards. Its facilities include BUA Cement Plant, Edo and BUA Cement Plant, Sokoto. BUA Cement (Sokoto) is primarily engaged in the business of quarrying, extracting, processing and dealing in limestone, as well as the manufacture and supply of cement. The cement plant is located in Sokoto state, Nigeria. Its depots are located in Lagos, Abuja, Ilorin, Ibadan and Sagamu. It operates the cement industry in Northwest, Southeast and South Nigeria with a production capacity of 11 million metric tons per annum and plants in Sokoto and Edo State, Nigeria.
BUA CEMENT PLC 
