East African Breweries Limited (EABL) recently held its 97th Annual General Meeting. First, the company investors passed that the Annual reports and audited financial statements for the year ended 30th June 2019 be approved and adopted.
Secondly, the shareholders confirmed the interim dividend of Ksh2.50 per ordinary share paid on 11th April 2019. They also approved a final dividend of Ksh 6.00 per ordinary share payable on or about 11th October 2019 to shareholders on the register at the close of business on 25th September 2019.
Thirdly, EABL directors Mr. John Ulanga, Mr. Japheth Katto, Dr. Gyorgy Gelszl, and Mrs. Jane Karuku were re-elected as directors of the company in relation to the Articles of Association. The directors serving in the Audit and Risk Committee; Dr. Martin Oduor-Otieno, Mr. Japheth Katto, Mr. Jimmy Mugerwa, and Mr. John Ulanga were elected to continue serving in the same role.
During the investors’ meeting, 99% of the votes approved a consolidated fee of approximately Ksh36.7 million for Independent Non-Executive Directors for the year ending 30th June 2020.
Finally, the shareholders agreed that Pricewaterhouse (Pwc) will continue serving as auditors of the company until the next Annual General Meeting.
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