’Femi AsuShareholders of Forte Oil Plc have approved the plan to restructure the company, subject to the approval of all regulatory authorities. The company stated this in a notice to the Nigerian Stock Exchange after its 39th Annual General Meeting in Lagos on Wednesday. Other resolutions approved by the shareholders included the re-election of Mr. Anil Dua as a non-executive director upon his retirement by rotation from the board of directors, pursuant to Article 89 of the Articles of Association of the company. The shareholders’ representatives, Mr. Okoro Emmanuel, Mr. Ahmed Suleiman, and Mr. Tokunbo Shofolawe-Bakare, were re-elected into the Audit Committee, while the directors, Mr. Anil Dua, Mrs. Salamatu Suleiman and Mr. Chris Adeyemi would serve on the committee for the year ending December 31, 2018, the firm stated. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Source: Punch May 30, 2018 00:11 UTC