The members of the above named Company at its Court Ordered Meeting held on Friday, 15th October, 2021 at Radisson Blu Hotel, No. 38-40, Isaac John Street, Ikeja GRA, Lagos State at 10.00 a.m., proposed and unanimously passed the following resolutions:
a) That the Scheme of Arrangement between the Company and the registered holders of its fully paid ordinary shares as contained in the Scheme Document dated Friday, September 3, 2021 (a printed copy of which has been submitted to the meeting and, for purposes of identification, endorsed by the Chairman), be and is hereby approved and that the Directors be and are hereby authorised to consent to any modification of the Scheme of Arrangement that the Federal High Court (“Court”) or any regulatory authority may deem fit to impose or approve.
b) For the purpose of giving effect to the Scheme in its original form, or with, or subject to such modification, addition and condition agreed between the Company and holders of its ordinary Shares and/or approved or imposed by the Court or any regulatory authority:
- The Scheme Shares (as defined in the Scheme Document) be transferred to Federated Resources Nigeria Limited (“Federated”) without further act or deed.
- The holders of the Scheme Sh