RESOLUTIONS PASSED AT THE 46th AGM OF INTERNATIONAL BREWERIES PLC
At the 46th Annual General Meeting of International Breweries Plc held on Wednesday, June 22, 2023, at the Civic Centre, Ozumba Mbadiwe Road, Opposite 1004, Victoria Island, Lagos State, at 10.00 a.m., the following resolutions were considered and duly passed:
The Reports of the Directors, Auditors, and Audit Committee together with the Audited Accounts for the financial year ended December 31, 2022, were laid to the meeting, and unanimously received.
The appointments of Messrs. David Tomlinson, Carlos Coutino and Cherian Kurien were approved as Finance Director, Managing Director, and Non-Executive Director respectively.
The following retiring Directors; Messrs. Michael Ajukwu, Bruno Zambrano, Andrew Whiting, and Ms. Toyin Odulate were duly re-elected.
The Directors were authorized unanimously, to fix the remuneration of the Auditors.
The remuneration of the Managers of the business for the 2022 financial year was disclosed. No resolution was taken on this item.
The following three (3) shareholder nominees were elected to the Statutory Audit Committee; Mr. Oladepo Adesina, Mr. Moses Ijaiyekunle and Mr. Taiwo Afinju. They are to join the two Board representatives, Messrs. Olugbenga Awomolo and Michael Ajukwu as the Statutory Audit Committee for the 2023 financial year.
Special Business - It was resolved that "in compliance with the Rules of the Nigerian Exchange Limited (NGX) governing transactions with Related Parties or Interested Persons, the Company the Board and Management were granted a general mandate to procure goods, services, financing and enter such incidental or recurrent transactions necessary for its day-to-day operations on normal commercial terms, with a related party or interested person. The Mandate commenced on the date of the meeting and continued to operate until the date of the next Annual General Meeting of the Company".
Special Business - It was resolved that the combined sum of NGN76,010,000 be fixed as remuneration for the Non-Executive Directors of the Company for the 2023 financial year.
There were 557 (470 shareholders, 87 proxies) in attendance as of the end of the meeting. Additionally, the following Directors were in attendance:
8.1.
His Majesty Nnaemeka Achebe CFR, MNI.
Chairman
8.2.
Ms. Olutoyin Odulate
Independent Non-Executive Director
8.3.
Mr. Michael Ajukwu
Non-Executive Director
(Virtual)
8.4.
Mr. Akintoye Omole
Non-Executive Director
(Virtual)
8.5.
Mr. Bruno Zambrano
Non-Executive Director
(Virtual)
8.6.
Mr. Andrew Whiting
Non-Executive Director
8.7.
Mr. Richard Rivett-Carnac
Non-Executive Director
(Virtual)
8.8. Mr. Cherian Kurien, CFA
Non-Executive Director
(Virtual)
8.9.
Mr. Carlos Coutino
Managing Director
8.10. Mr. David Tomlinson
Finance Director
Thank you.
For: International Breweries Plc.
Yours faithfully,
Ayokunle Ayoko
Company Secretary/General Counsel
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International Breweries plc published this content on 30 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2023 16:38:29 UTC.
International Breweries Plc specializes in producing and marketing beer. The group's activity is organized around 2 areas:
- sale of beer;
- production and sale of malted beverages and non-alcoholic beverages.
At the end of 2021, the Group had 4 breweries located in Nigeria.
Nigeria accounts for 99.97% of net sales.
INTERNATIONAL BREWERIES PLC 
