Cutix Plc. has announced the following resolutions passed at the meeting of its Board of Directors held on 13th July, 2017.
Corporate Action for the Year Ended 30th April, 2017
Proposed Dividend: 2017: 18 kobo (2016: 14 kobo)
AGM Date: 27th October, 2017
AGM Venue: Conv-Aj Events Centre, 1 Metu Uzodike Str, Okpuno Otolo, Nnewi, Anambra State
- Retirements: Dr. John Mbonu and Mr. Ikechukwu Okonkwo will retire from the Board by rotation at the AGM.
- Elections: Dr. John Mbonu, a retiring Director, will be presented for re-election at the AGM. Barr. (Mrs) Ogechukwu Maduka will also be presented for election to the Board.
Increase in Authorised Share Capital
The Directors recommended the increase of the Authorized Share Capital of the Company from 880,661,013 Ordinary Shares of 50 kobo each to 2,000,000,000 units.