N0.15 Dividend Payout and other Resolutions that were Passed at FCMB Group’s AGM

FCMB Group Plc held its 8th Annual General Meeting on Wednesday April 21st in Lagos, during which certain resolutions were passed. A statement by the company which Business Elites Africa obtained from the Nigerian Stock Exchange website, detailed the resolutions as follows:

1. That the Report of the Directors and the Audited Financial Statements of the Company for the
   year ended December 31 2020, together with the Report of the Auditors thereon and the Audit
   Committee Report be and are hereby adopted.
2. That a dividend payment of N 0.15 Kobo per every 50 Kobo ordinary share be and are hereby
   declared payable to members so entitled whose names appear in the Register of Members at
   the close of business on 8, April 2021.
3. That Alhaji Mustapha Damcida be and is hereby re-elected as a Director of the Company.
   ii. That Mrs. Olapeju Sofowora be and is hereby re-elected as a Director of the Company.
   iii. That Mrs. ‘Tokunboh Ishmael be and is hereby re-elected as a Director of the Company.
4. That the Directors be and are hereby authorized to fix the remuneration of the Auditors.
5. The remuneration of managers of the Company as disclosed in the Annual Reports and
   Accounts was disclosed to and noted by members in line with section 257 of the Companies
   and Allied Matters Act 2020.
6. The underlisted persons were re-elected as members of the Audit Committee for the 2021
   Financial Year:
   i. Chief S. Bolaji Daranijo
   ii. Evangelist Soares Peter Akinola
   iii. Alhaji Hakeem Abayomi Batula
   iv. Prof Oluwatoyin Ashiru
   v. Mrs. Olapeju Sofowora

FCMB Group Plc is a holding company for a sizable list of financial services companies including: First City Monument Bank Limited, FCMB Capital Markets Limited, CSL Stockbrokers Limited, FCMB Trustees Limited, FCMB Pensions Limited, Credit Direct Limited and FCMB Microfinance Bank Limited. The company is listed on the Nigerian Stock Exchange where its stock is currently trading at a share price of N2.87.

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