NOTICE IS HEREBY GIVEN that the 27th Annual General Meeting of CUSTODIAN INVESTMENT PLC will hold at The Civic Centre, Ozumba Mbadiwe Avenue, Victoria Island, Lagos on April 8, 2022, at 10.00a.m to transact the following business:

  1. To lay before the members the Audited Financial Statements for the year ended December 31, 2021, and the Report of the Directors, Auditor’s Report and the Audit Committee Report thereon.
  2. To declare a Dividend.
  3. To re-elect the following Directors retiring by rotation:
    1. Dr. (Mrs). Omobola Johnson
    2. Mr. Richard Asabia
  4. To approve the appointment of Mr. Adeniyi Falade and Chief (Mrs.) Margaret Giwa as Directors of the Company.
  5. To authorise the Directors to x the remuneration of the External Auditors for the 2022 financial year.
  6. To elect members of the Statutory Audit Committee in accordance with Section 404(6) of the Companies and Allied Matters Act, 2020.
  7. To disclose the remuneration of Managers in the employment of the Company.

  8. Special Business

  9. To fix the remuneration of Directors.

  10. To authorize Directors to raise additional capital via the issuance of debt instruments, preference shares or ordinary shares or a combination of any of these options whether by way of Private Placement, Rights Issue, Offer for Subscription or any Staff Share Scheme at a quantum and price and upon such terms and conditions as are determined by the Directors and subject to requisite regulatory approvals.
  11. To consider and if thought fit pass the following as an ordinary resolution:

    1. That pursuant to Articles 43(C) and 44 of the Company’s Memorandum and Articles of Association the Directors be and are hereby authorized to take steps to comply with Section 124 of the Companies and Allied Matters Act, 2020 and Regulation 13 of the Companies Regulations 2021 as it relates to unissued shares currently standing to the capital of the Company, including but not limited to, the cancellation of such unissued shares to the extent required to meet the Company’s capital raising objective contemplated by paragraph 9 above:
    2. That the Company’s Memorandum and Articles of Association should reect the changes authorized by the foregoing resolutions.
    3. To authorize and empower the Directors in the name and on behalf of the Company to take, or cause to be taken, all actions required to effect the reduction, including without limitation to the preparation, execution and ling of all necessary notications, forms and agreements with, and as required by the Corporate Affairs Commission and all other relevant regulatory authorities.
Compliance with the Covid-19 Health Protection Regulations 2021 and other Related Directives/Guidelines on Covid-19

In line with the guidelines of the Corporate Affairs Commission (CAC)on the conduct of Annual General Meetings (AGM) of Public Companies by Proxies, and the need to comply with the directives and regulations of the Federal Government of Nigeria, Lagos State Government, the Nigerian Centre for Disease Control (NCDC) on safety and health measures aimed at curbing COVID-19 pandemic and the social distancing protocols. The number of people to attend the AGM, will be in line with approved guidelines and directives noted above.


A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote instead of him/her. A proxy need not be a member of the Company. All instruments for the appointment of a proxy should be completed and deposited with the Registrars, Meristem Registrars and Probate Services Limited at 213, Herbert Macaulay Way, Sabo, Yaba, Lagos or via , not later than 48hours before the time for holding the meeting. A blank proxy form is attached to the Annual Report and Accounts and may also be downloaded from the Company's website at (

Attendance by Proxy

In line with CAC’s Guidelines, attendance at the AGM shall be by proxy only. Shareholders are required to appoint a proxy of their choice
from the list of nominated proxies below:

  1. Dr. (Mrs.) Omobola Johnson
  2. Mr. Wole Oshin
  3. Mr. Adeyinka Jafojo
  4. Mr. Matthew Akinlade
  5. Sir. Sunny Nwosu
  6. Mr. Nornah Awoh
  7. Mr. Adebayo Adeleke

Stamping of Proxy Forms

The Company has made arrangements for the stamping of duly completed and signed proxy forms at its cost, to be submitted to the Company's Registrars within the stipulated time.

Dividend Payment

If a pproved, dividend will be payable on April 8, 2022, at the rate of 40kobo per every 50kobo ordinary share, to shareholders whose names appear in the Register of Members at the close of business on March 25, 2022 (bringing total Dividend paid for 2021 nancial year to 50 kobo), subject to deduction of appropriate withholding tax. Shareholders who have completed the e-Dividend Mandate Forms will receive a direct credit of the dividend into their bank accounts on the day of the Annual General Meeting (April 8, 2022).

E-Dividend Mandate

Shareholders are kindly requested to update their records and advise Meristem Registrars and Probate Services Limited of their updated records and relevant bank accounts for the payment of their dividends. A detachable form in respect of mandate for e-dividend payment is attached to the Annual Report for convenience. The aforementioned form can also be downloaded from the Company’s website at or from Meristem Registrars and Probate Services Limited’s website at

. The duly completed forms should be returned to Meristem Registrars and Probate Services Limited at 213, Herbert Macaulay Way, Yaba, Lagos or via the Company’s website;

Unclaimed Dividend Warrants and Share Certificates

Shareholders are hereby informed that a number of share certificates and dividend warrants which were returned to the Registrars as unclaimed are still in the custody of the Registrars. Any shareholder affected by this notice is advised to contact the Company’s Registrars, Meristem Registrars and Probate Services Limited at 213, Herbert Macaulay Way, Yaba, Lagos or via the Company’s website;

Closure of Register of Members

Notice is hereby given that the Register of Members and Transfer Books of the Company will be closed from Monday, March 28, 2022, to Friday, April 01, 2022 [both dates inclusive].

Biographical Details of Directors for Election and Re-election

Biographical details of Directors standing for election and re-election are provided in the Annual Report.


A copy of this Notice and other information relating to the meeting can be found on the Company’s website

Rights of Securities’ Holders to ask Questions

Securities’ Holders have a right to ask questions not only at the Meeting, but also in writing prior to the Meeting and such questions must be submitted to the Company at 16A, Commercial Avenue, Sabo, Lagos on or before April 6, 2022.

E-Annual Report Published on the Website

An electronic version of the Annual Report is available on the Company’s website at ( and will be sent to our Shareholders who have provided their email addresses to the Registrar. Shareholders who are interested in receiving the soft copy of the 2021 Annual Report should request via

Online Streaming of AGM

The AGM will be streamed live online. This will enable shareholders and other stakeholders who will not be attending physically to follow the proceedings. The link for the AGM online live streaming will be made available on the Company’s website at (

Nomination to the Audit Committee

Pursuant to Section 404 [6] of the Companies and Allied Matters Act, 2020 (CAMA), any member may nominate a shareholder as a member of the Audit Committee by giving notice in writing of such nomination. Such notice shall reach the Company Secretary at least 21days before the Annual General Meeting. Section 404 (5) of the CAMA has mandated that all members must be nancially literate and at least one member shall be a member of a professional accounting body in Nigeria established by an Act of the National Assembly. We therefore request that nominations be accompanied by a copy of the nominee’s curriculum vitae.

By order of the Board

Custodian Trustees Limited
Company Secretary

Dated this March 11, 2022
Custodian Investment Plc
Custodian House
16A, Commercial Avenue,
Sabo, Lagos.