On May 9th, 2022, Absa Bank Kenya Plc informed its shareholders that the lender's 43rd Annual General Meeting (AGM) would be held electronically on Thursday, May 26th, 2022, at 10.00 am.
During the meeting, shareholders will receive, consider, and adopt the audited annual financial statements for 2021, along with the Directors' reports.
Directors of Absa Bank Kenya will declare a dividend of KSh 1.10 for each ordinary share to be paid on or about May 26th, 2022, to shareholders on the Register of Members as at the close of business on April 25th, 2022.
Ms Patricia Ithau and Ms Laila Macharia, who are retiring by rotation, will seek re-election, while Ms Christine Mideva Sabwa, a Director appointed to fill a casual vacancy, will also offer herself for re-election.
The AGM will also seek to re-elect members of the Board Audit & Risk Committee, comprising Ms Laila Macharia (Chair), Louis Onyango Otieno, Ms Patricia Ithau, Fulvio Tonelli, and Christine Mideva Sabwa.
Shareholders will also consider a resolution to appoint KPMG Kenya as the new auditors, replacing Ernst & Young LLP, with effect from the end of the meeting until the end of the next Annual General Meeting.
Additionally, all shareholders of Absa Bank Kenya are informed that dividends and shares that have not been claimed for a period of three years or more will be surrendered to the Unclaimed Financial Assets Authority.
