Neimeth International Pharmaceuticals Plc (RC No. 1557)

NOTICE IS HEREBY GIVEN THAT the 55th Annual General Meeting of the members of NEIMETH INTERNATIONAL PHARMACEUTICALS PLC will be held at Banquet Hall, Lagos Airport Hotel Limited. 111 Obafemi Awolowo Way, Ikeja, Lagos on Monday, 17th March, 2014 at 11.00 O'clOCK in the forenoon to 

transact the following businesses: 

ORDINARY BUSINESS: 

1. Receive the Report of the Directors, the Statement of Financial Position as at September 30th, 2013 together with the Statement of Comprehensive income for the year ended on that date and the Reports of the Auditors and Audit Committee report thereon 

2. Re-elect Directors 

3. Approve the remuneration of Directors 

4. Authorize the Directors to fix the remuneration of the Auditors for the ensuing financial year. 

5. Elect members of the Audit Committee 

SPECIAL BUSINESS

"That pursuant to Articles 119 and 122 of the Memorandum and Articles of Association of the Company, the recommendation of the Directors that the sum of N130,795,944 being part of the sum standing to the credit of share premium be capitalized and that the Diectors be and they are hereby autgorized to appropriate such sum to the holders of Ordinary Shares registered at the close of business on Wednesday March 12th, 2014 in proportion to the number of Ordinary shares then held by them respectively to apply such sum on behalf of such holders in paying in full 261,591,888 of the unissued Ordinary Shares in the capital of the Company, such shares to be allotted, distributed and credited as fully paid up, to and amongst such shall rank for all purportion of 1 for 5 Ordinary Shares then held and that such shall rank for all purposes pari-passu with the existing issued Ordinary Shares of the Company

NOTES: 

1). PROXY: 

A member of the Company entitled to attend and vote is entitled to appoint a proxy to attend and vote Instead of himself/herself. A proxy need not be a member. 

A form of proxy is enclosed and if It IS to be valid for the purpose of the meeting, it 

2). CLOSURE OF REGISTER AND TRANSFER BOOKS: 

The Registerof members and Tral1sfer Books ofthe Company will be closed on Wednesday, March 12, 2014 and 

re-opened on Friday, 

March 14th, 2014 for the purpose of updating the records. 

3). AUDIT COMMITTEE: 

In accordance with Section 359(5) of the Companies and Allied Matters Act 1990, aH nominations in writing of Members for election to the Audit Committee should reach the Company Secretary at least 21 days before the time for holding the Annua! General Meeting. 

AUDITED RESULTS FOR THE YEAR ENDED 30TH SEPT, 2013

The Board of Durectors of Neimeth International Pharmaceutical Plc announces the trading results for the year ended 30th september, 2013

	2013	2012 (18 Months)
	N"000	N"000
Turnover	2,016,522	2,330,203
Profit/(Loss) before taxation	182,134	(78,142)
Profit(Loss) after taxation	151,496	(59,936)
Share Capital	653,980	653,980
Shareholders' funds	1,780,206	1,582,293

 

Dated this 3rd day of February, 2014

By Order ofthe Board. 

FI. ONYENEKWE(MRS. 

COMPANY'SECRETARY 

 

REGISTERED OFFICE: 

1, HENRY CARR STREET, IKEJA.