East African Breweries Limited (EABL) plans to hold its Annual General Meeting (AGM) on Tuesday 14th September through electronic means. The company has announced that it intends to change its name from ‘East African Breweries Limited’ to ‘East African Breweries Plc’ during the upcoming meeting.
EABL investors will also re-elect retiring board members who are eligible for re-election. Some of the directors who are up for re-election are; Ory Okolloh, Dayalan Nayager, Martin Oduor-Otieno, and John Ulanga.
During the shareholders’ meeting, the brewer plans to re-appoint PricewaterhouseCoopers (PwC) LLP as Auditors for the current financial year and to authorize the Board to fix the auditor’s remuneration for the ensuing financial year.
According to a statement issued by EABL, investors who wish to participate in the virtual meeting have until 12th September to register for the event.
The company reported a marginal drop in net profit to KSh6.96 billion for the year that ended in June this year. Due to the unpredictable economic environment, EABL directors failed to recommend a dividend for the financial year that ended on 30th June 2021.
Also read: Brewer Appoints Dayalan Nayager as Non-Executive Director
