LASACO Assurance to Hold AGM Sept 12, Proposes 5 Kobo Dividend
LASACO Assurance Plc has announced that it would hold its 39th Annual General Meeting (AGM) in Lagos on Thursday, September 12, 2019 to deliberate on audited financial statement for the year ended 31st December, 2018 and to consider the reports of the Audit Committee and Independent Auditors.
The board of the Company has recommended dividend of 5 kobo per share, which if approved at the meeting, would be paid to shareholders whose names appeared on the Company’s Register at the close of business on Friday, August 1th, 2019 after withholding tax deductions on September 19, 2019.
According to the statement signed by the firm’s Company Secretary, Gertrude Olutekunbi, the meeting would avail members of the opportunity to touch on the following key matters, among others: To lay the Reports of the Directors, the audited statements for the year ended 31st December, 2018 together with the Reports of the Audit Committee and Independent Auditors thereon before the members; to declare a dividend; to elect/re-elect Directors and to authorize the directors to fix remuneration of the External Auditors; and to elect members of the audit committee.
Other special businesses to be considered at the AGM include; fixing of directors’ fees, reconstruction of the existing shares 7,344,344 ordinary shares, one new share for every four (4) shares previously held, the statement further stated.
“NOTICE is therefore given that the Register of Members and Transfer Books of the Company will be closed from Monday, August 19, 2019 to August 23, 2019 (both dates inclusive) to enable the preparation of payment of the dividend.”
Lasaco Assurance Plc is a composite insurance and financial services company in Nigeria licensed to underwrite business in major sectors of the economy. This includes the heavy engineering, construction, banking and finance, manufacturing, agriculture and tourism sectors. Lasaco Assurance Plc’s business portfolio includes leadership and a significant stake in key federal and state government insurance businesses, multinational and private companies. The company also offers life cover to high-tech, capital intensive and special risk sectors such as oil and gas and aerospace. Lasaco Assurance Plc has business interests in property development and management as well as shareholdings in numerous blue chip enterprises. The company’s head office is in Lagos, Nigeria.
