Notice of 2021 Annual General Meeting of UAC NIGERIA PLC

NOTICE IS HEREBY GIVEN that the Annual General Meeting of UAC of Nigeria PLC (“UAC” or the “Company”) will hold
at 12th Floor, UAC House, 1-5 Odunlami Street, Lagos on Wednesday, June 30th 2021 at 10am to transact the following
business:
ORDINARY BUSINESS
1. To lay before members the Audited Financial Statements of the Company for the year ended December 31st,
2020, and the Reports of the Directors, Auditors, and Statutory Audit Committee thereon;
2. To declare a dividend;
3. To disclose the remuneration of Managers of the Company;
4. To re-elect Mr. Daniel Agbor and Mr. Bolaji Odunsi as Directors;
5. To approve the appointment of KPMG Professional Services as the Company’s External Auditors in place of the
retiring External Auditor (Ernst & Young);
6. To authorise the Board of Directors to fix the remuneration of the External Auditor; and
7. To elect members of the Company’s Statutory Audit Committee.
SPECIAL BUSINESS
1. To approve N106, 580, 296.33 (One Hundred and Six Million Five Hundred and Eighty Thousand Two Hundred
and Ninety Six Naira Thirty Three Kobo) as the remuneration of the Non-Executive Directors of the Company;
2. To renew the general mandate for recurrent transactions with related parties as explained in note 11 of this
notice;
3. To pass the special resolution set out in note 12 of this notice, approving the Long-Term Incentive Plan for
employees, proposed by the Board of Directors as described in the notes to this notice; and
4. To consider and if thought fit, approve the following resolution as a special resolution of the Company: “That the
Articles of Association of the Company be and are hereby amended by the insertion of the following new article
as Article 14: ‘Acquisition by the Company of its own shares: Subject to compliance with all applicable laws and
regulations, the Company may purchase any of its fully paid shares.’”
Dated this 1st Day of June 2021