NOTICE IS HEREBY GIVEN that the 63rd Annual General Meeting of Sterling Bank Ltd will be held virtually via www.sterling.ng/agm on Monday, 30th June 2025 at 10.00 a.m. to transact the following business:
1. To receive the Audited Financial Statements for the year ended 31st December 2024, the Reports of the Directors and Auditors thereon
2. To declare a Dividend
3. To elect/re-elect Directors:
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- To elect Prof. Olayinka David-West as an Independent Non-Executive Director
- To re-elect the following Directors retiring by rotation:
- Mr. Michael Ajukwu
- Mrs. Folasade Kilaso
4. To authorize the Directors to fix the remuneration of the Auditors
5. To disclose the remuneration of Managers of the Company in accordance with sections 238 and 257 of the Companies and Allied Matters Act, 2020
To consider and if thought fit, pass the following resolution as an ordinary resolution:
6. That the Directors’ Fees for the year ending 31st December 2025 and subsequent years be fixed at N77,600,000 (Seventy-Seven Million, Six Hundred Thousand Naira) for Non-Executive Directors until reviewed by the Company at an Annual General Meeting.
A member of the Company entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her/its stead. A proxy need not be a member of the Company. To be valid, a completed proxy form must be deposited at the office of the Company Secretary, Sterling Bank Ltd, 10th Floor, Sterling Towers, 20, Marina, Lagos not less than 48 hours before the time of the meeting.
The cost of stamping the instruments of proxy would be borne by the Company.
If approved, a dividend in the sum of 11 kobo per share will be paid via e-mandate on 30th June 2025 to the sole shareholder.
In accordance with the provisions of the Company’s Articles of Association, the Directors to retire by rotation at the 63rd Annual General Meeting are Mr. Michael Ajukwu and Mrs. Folasade Kilaso. The retiring Directors, being eligible, offer themselves for re-election.
The profiles of the Directors retiring by rotation are available on the Company’s website at www.sterling.ng.
20 Marina
Lagos
