Flour Mills of Nigeria Plc (FMN), owners of the iconic food brand – ‘Golden Penny,’ is set to hold its 61st Annual General Meeting on September 8th.
The Nigeria’s leading integrated foods and agro-allied Group, will conduct its ordinary and special businesses, including passing the respective resolutions thereto, at the meeting.
The event, which will hold at the Grand Ballroom, Eko hotel & suites, Victoria Island, Lagos, will afford shareholders the opportunity to ask questions in respect of the audited financial statements and the report of the directors.
Due to the risk of the spread of COVID-19 and the restriction on mass gatherings in accordance with the guidelines issued by the Corporate Affairs Commission on holding AGMs using proxies, the company noted that attendance at the AGM shall only be by proxy.
“The proceeding of the AGM will nonetheless be transmitted live via the following Channels: www.fmnplc.com; and on YouTube www.youtube.com/fmngroup.
The Group Managing Director, Omoboyede Olusanya, noted that “We are optimistic that the business environment will continue to improve as we further sharpen our Route to Consumer Business Focus. We believe that putting our consumers at the heart of the business enables us to optimize value for our shareholders and create long term positive impact for all stakeholders.
“I want to take this opportunity to express my gratitude to the communities in which we operate as well as our business partners for their dedication in supporting our growth. “Finally, I wish to thank our shareholders, for their continued support, trust and confidence in our capabilities as we stay committed to improving our operational excellence.” According to a statement, the company will propose a final dividend of N6.8 billion or N1.65 per ordinary share of 50k to its shareholders for approval.
This year’s AGM themed “Enriching Lives, Empowering Communities,” will highlight the Group’s remarkable achievements in the 2020/21 financial year despite difficulties faced by businesses as a result of the global pandemic.