Lagos, 22nd June, 2023

RESOLUTIONS PASSED AT THE 30TH ANNUAL GENERAL MEETING OF TRANS- NATIONWIDE EXPRESS PLC

The members of the above named Company at its 30th Annual General Meeting held on Wednesday, 21st June, 2023 at Shoregate Hotels, No. 29, Joel Ogunnaike Street, Ikeja GRA, Lagos at

11.00 a.m., proposed and unanimously passed the following resolutions:

Ordinary Business

  1. That the Audited Financial Statements for the year ended 31st December, 2022 together with the Reports of the Directors, the Auditors and the Audit Committee thereon submitted to the meeting be received and adopted.
  2. That a dividend of N0.02kobo per ordinary share of N0.50kobo each, amounting to N9,963,001.54 (Nine Million, Nine Hundred and Sixty Three Thousand, One Naira and Fifty-Four kobo) be paid on Thursday, 22nd June, 2023 to all members whose names appeared in the Company's Register of Members as at the close of business on Friday, 9th June, 2023, subject to the deduction of the appropriate withholding tax at the time of payment.
  3. That the following Directors retiring by rotation be and are hereby duly re-elected:
    1. Mr. Sulaiman Adedokun
    2. Mr. Adebayo Adeleke
  5. That the Company's External Auditors, Messrs. Bakertilly Nigeria (Chartered Accountants) be and are hereby re-appointed Auditors to the Company and that the Directors be and are hereby authorised to fix their remuneration for 2023 financial year.
  6. That pursuant to Section 404, sub-section (4) and (5) of the Companies and Allied Matters Act 2020, the following individuals were duly elected as members of the Company's Statutory
    Audit Committee:
    1. Directors' Representatives:
      1. Mr. Oluwasegun Adeoye
      2. Mr. Adegoke Olasoko
    3. Shareholders' Representatives:
      1. Mr. Oluwaseun Olukoya
      2. Mr. Olusegun David Oguntoye
      3. Mr. Chuks Nwosa Osadinizu

Mr. Sulaiman Adedokun (Chairman), Mr. Eric C. Emecheta (MD/CEO), Ms. Daniella F. Suleman,

Mr. Adebayo A. Adeleke, Mr. Kayode Ajakaiye, Mr. Olusegun Adeoye, Mr. Adegoke Olasoko

Special Business:

6. That the sum of N430,000 be and is hereby approved as remuneration for each of the Non- Executive Directors for 2023 financial year.

Mr. Francis Asuquo

Cautious Services Limited

Company Secretaries

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Trans Nationwide Express plc published this content on 22 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2023 17:05:09 UTC.