Wednesday, 3 August 2016

Red Star Express Notifies Shareholders of Upcoming AGM

Nigeria’s leading logistics Company, Red Star Express Plc, has requested that its shareholders update their records with the Registrars, following the company’s Annual General Meeting (AGM) that will come up within the month.

According to a statement issued by the company, detachable forms in respect of mandate for e-dividend payment and shareholders data update are attached to the annual Report for convenience. In addition, the company has stated that some dividend warrants have remained unclaimed or are yet to be presented for payment or revalidation, and such affected shareholders are to contact the Registrar too.

The 23rd Annual General Meeting which is scheduled for Thursday, August 18th, 2016 at the Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos by 11.00am, is expected to handle issues such as presentation of Audited Financial Statement for the year ended March 31st 2016 and reports of the Directors, Auditors, and Audit Committee, declare dividend, re-elect Directors, and Elect members of the Audit Committee, amongst others.

According to the Red Star Express Corporate Communications Manager, Olufemi Oluwole, “Red Star is committed to providing value added logistics solutions that will be secure, prompt and effective. Over the years, we have put in much effort to render quality services to our customers, and at the end the year too, we try to appreciate our stakeholders. This year is not an exception. We are officially announcing to the public, most especially our stakeholders that the company’s AGM will be coming up on August 18th, 2016, and that Shareholders should update their records with the Registrar.
“Also, in accordance with section 359(5) of the Companies and Allied Matters Act, CAP 20 LFN 220, members can nominate another shareholder as a member of the Audit Committee, by giving notice in writing to such nomination to the Company Secretary at least 21 days before the Annual General Meeting. Also, some dividend warrants have remained unclaimed or are yet to be presented for payment or re-validation, and such affected shareholders are to contact the Registrar too”.

Red Star Express Group is a premium logistics solution provider in Nigeria with unrivaled local network coverage and a large market share in the domestic and international market. It enjoys a domestic strength of over 240 offices in Nigeria, delivers to more than 1,800 communities, with over 2,400 highly trained personnel and over 600 delivery vehicles in its fleet. The company has four business units including The Red Star Express which is a licensee of FedEx, the world’s largest express transportation company. There is the Red Star Freight, Red Star Logistics and Red Star Support Services.

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