At the Extraordinary General Meeting (EGM) of Cutix Plc held at the Company’s head office in Nnewi, Anambra State on Thursday, February 25, 2021 all the resolutions in the notice of the Extraordinary General Meeting were presented to the shareholders who approved them.
The shareholders unanimously resolved that the Authorised Share Capital of the Company be increased from N1.435billion to N1.935billion by the creation and addition of 1billion ordinary shares of 50kobo each ranking in all respect, pari-passu with the existing Ordinary Shares of the Company.
The shareholders also resolved that the Company’s Memorandum and Articles of Association be amended to reflect the changes authorised by the foregoing resolution.
Shareholders resolved that the Directors approve, sign and/or execute all documents, appoint such professional parties and advisers, seek approval and comply with the directives of the relevant regulatory authorities, perform all such other acts and do all such other things as may be necessary or incidental to, or deemed appropriate to giving effect to the above resolution without being required to seek any further consent or approval of the members or otherwise to the end and intent that the members shall be deemed to have given approval thereto expressly by the authority of the above resolutions.
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Meanwhile, Cutix Plc notified the Nigerian Stock Exchange and the investing public that the 150th meeting of the Board of Directors of Cutix Plc was held on Thursday, February 25, 2021 as scheduled. The third quarter (Q3) unaudited financial statements for the period ended January 31, 2021 amongst other matters was considered and approved by the Board subject to few amendments. The unaudited Financial Statements will be filed with the Nigerian Stock Exchange before close of work on February 26, 2021.
