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A shoe manufacturing firm, Footwear Accessories Manufacturing and Distribution, will today (Thursday) hold multiple Annual General Meetings at the Grandeur Events Centre, Oregun, Lagos.
A statement by the board chairman of FAMAD Plc, Ituah Ighodalo, indicated that the AGMs will enable shareholders to X-ray the performance of the company over the years.
In particular, the abridged financial statements for the years covered by the AGMs will be presented to the shareholders for examination and ratification.
In like manner, the report of the audit committee would also be examined.
“The AGMs will span December 31, 2007, up to December 31, 2021.
“It would also be a great occasion to seek more detailed information on the challenges and opportunities of the organisation.
“There will also be election and re-election of directors, including that of Mayen Adetiba (re-election) and Alhaji Muhammed Kabir Haruna (election),” the statement further read.
The statement conveyed Ighodalo’s appreciation of shareholders for their unwavering support and trust in the company, over the years, as he gave the commitment of the management and staff of the company to the continued success of the company.
FaMaD Plc, a shoe manufacturing outfit, is popular for its production of men’s, women’s, and children’s shoes that are fashionable, durable and of high quality.
It became a wholly Nigerian-owned company after the divestment of Bata, its foreign partners, in the late 1980s.
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