Industrial & Medical Gases Nigeria Plc has informed the Nigerian Exchange and the investing public that it has received approval from its shareholders to cancel all of the Company’s unissued shares, amounting to 506,353 units.
At the Extra-Ordinary General Meeting held on Wednesday, 21st December 2022, the following resolutions were duly passed:
- That in compliance with Section 124 of the Companies and Allied Matters Act No. 3 of 2020 (as amended) and the Companies Regulations 2021, the shareholders now approve the cancellation of all of the unissued shares of the Company being 506,353 units and also authorize Directors to take all such lawful steps as may be required by statute and/or regulations for implementing the cancellation of the Company’s unissued shares.”
- That the Directors are now authorized to take all such lawful steps, pass all requisite resolutions, and do all such other lawful acts and/or things as may be necessary for and/or incidental to giving effect to the resolution above; and all prior lawful steps taken by the Directors in the above are ratified.
- That after the cancellation of all of the unissued shares in the company’s share capital in accordance with the resolution above, the Memorandum of Association and Articles of Association of the Company be amended as necessary to reference only the issued shares in the share capital of the Company.
