VERITAS KAPITAL ASSURANCE : RESOLUTIONS AT 45TH ANNUAL GENERAL MEETING OF VERITAS KAPITAL ASSURANCE PLC
September 26, 2022 at 04:15 pm IST
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ABUJA: September 23, 2022
At the 45th Annual General Meeting of VERITAS KAPITAL ASSURANCE PLC ("the Company") held on Wednesday, September 21st, 2022, at Veritas Kapital Assurance Plc Head office, Plot 497 Abogo Largema Street, Central Business District, Abuja, FCT, at 11:00am the following resolutions were duly proposed and passed:
ORDINARY BUSINESS
The Audited Financial Statements for the year ended December 31, 2021 and the Report of the Directors together with the Audit Committee and Auditors thereon laid before the members was received.
The following Directors who retired by rotation were re-elected: a. Mr. Nahim Abe Ibraheem
Mr. Aminu Babangida
Dr. Oluwafunsho Obasanjo
The appointment of the following Directors who were appointed during the year were ratified:
The Directors were authorized to fix the remuneration of the External Auditors for the year ending December 31, 2022
The following Shareholder representatives were elected as members of the Statutory Audit Committee:
Mal. Usman Abaji
Mr. Olusegun Akintunde
Mal. Mohammed B. Alhassan
Hajia Yabawa L. Wabi and Mr. Paul Oki were appointed to represent the Board on the Committee.
The remuneration of the Managers of the Company was disclosed on page 109 of the Annual Report.
SPECIAL BUSINESS
The remuneration of the Directors for the year 2022 Financial Year was fixed.
The appointment of DCSL Corporate Services Limited as Board Evaluation Consultant was approved.
9. To consider and if thought fit, that the Directors are authorized:
To take steps pursuant to section 868 of the Companies and Allied Matters Act 2020, which defines 'share capital' to mean 'issued share capital of a company at any given time, to comply with the requirements of the Companies and Allied Matters Act 2020 and Companies Regulations 13 2021 as it relates to unissued shares currently standing to the capital of the company, including the cancellation of the unissued shares of the company.
To take all steps necessary to ensure that the Memorandum and Articles of Association of the Company are altered to comply with Resolution 3(i) above, including replacing the provision on authorized share capital with the issued share capital of the Company.
To enter and execute any agreements, deeds, notices, and any other documents necessary for and/or incidental to giving effect to the above resolution.
To appoint such professional parties, consultants, and advisers as may be required to perform all acts and do all such things that are necessary for or incidental to the above resolutions, including without limitation, complying with directives of any regulatory authority.
SARATU UMAR GARBA
Company Secretary/Legal Adviser
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Veritas Kapital Assurance plc published this content on 26 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2022 10:44:08 UTC.
Veritas Kapital Assurance Plc is a non-life insurance group organized into 9 sectors of activity:
- agricultural insurance (55% of gross written premiums) ;
- fire insurance (12.6%) ;
- motor insurance (8.7%);
- energy insurance (7.1%);
- accident insurance (5.9%);
- aviation insurance (3.5%);
- engineering insurance (2.1%);
- marine insurance (1%);
- bond insurance (0.8%);
- other (3.3%).
All gross written premiums are in Nigeria.
VERITAS KAPITAL ASSURANCE PLC 
