East African Portland Cement Company(EAPCC) has issued a notice to its shareholders concerning plans to hold a virtual 88th Annual General Meeting (AGM) on Thursday, March 11, 2021, at 11.00 am.
EAPCC has not declared any dividends
The cement manufacturing firm’s directors have not recommended any dividends to shareholders for the financial year ended June 30 2020.
In the notice, directors of the firm said an audit of the company’s books of accounts would continue to be undertaken by the Auditor General or any other appointed audit firm.
AGM agenda items
On its agenda, shareholders will re-elect NSSF and Francis O. Owino as directors of the company, who will be retiring but are eligible for another term.
This AGM is taking place when the company has re-organised its executive suite with the recent appointment of Daniel Kiprono as acting Managing Director.
EAPCC reported a net loss of KSh2.8 Billion for the financial year ending June 30, 2020. This is an improvement compared to a net loss of KSh3.36 billion over a similar period in 2019.
Since 1933, EAPCC has been Kenya’s leading cement manufacturer with Blue Triangle Cement as its flagship brand.