LOGISTICS

Red Star Express holds 26th AGM August 8

&NewLine;<p>Logistics&NewLine;Company&comma; Red Star Express Plc has disclosed that its 26th Annual General&NewLine;Meeting &lpar;AGM&rpar; will be held on August 8th 2019&comma; at the MUSON Centre&comma; Onikan&comma;&NewLine;Lagos&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Announcing&NewLine;the AGM&comma; the Group Managing Director&comma; Mr Olusola Obabori&comma; revealed that he is&NewLine;hopeful that this year’s AGM will turn out well with profit as the case has&NewLine;been in preceding years&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;Last&NewLine;year&comma; Group turnover rose from N7&period;3 billion in 2017 to N8&period;41 billion in 2018&semi;&NewLine;similarly&comma; it rose from N6&period;6 in 2016 billion to N7&period;3billion in 2017&period; We have&NewLine;always done better than our the preceding years&period; We are however hopeful that&NewLine;this year&comma; we will record a higher turnover than last year&period; Red Star Express is&NewLine;committed to wealth for shareholders&comma; and appreciates their support at all&NewLine;times&period; We look forward to a well-organized and successful AGM”&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&nbsp&semi;According&NewLine;to Olufemi Oluwole&comma; Red Star Express Corporate Communications Manager&comma; &OpenCurlyDoubleQuote;Red&NewLine;Star is committed to providing value added logistics solutions that will be&NewLine;secure&comma; prompt and effective&period; Over the years&comma; we have put in much effort to&NewLine;render quality services to our customers&comma; and at the end the year too&comma; we try to&NewLine;appreciate our stakeholders&period; This year is not an exception&period; We are officially&NewLine;announcing to the public&comma; most especially our stakeholders that the company’s&NewLine;AGM will be coming up on August 8th&comma; 2019&comma; and that Shareholders should update&NewLine;their records with the Registrar&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&nbsp&semi;&NewLine;&OpenCurlyDoubleQuote;Also&comma; in accordance with section 359&lpar;5&rpar; of the Companies and Allied Matters&NewLine;Act&comma; CAP 20 LFN 220&comma; members can nominate another shareholder as a member of&NewLine;the Audit Committee&comma; by giving notice in writing to such nomination to the&NewLine;Company Secretary at least 21 days before the Annual General Meeting&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Also&comma;&NewLine;some dividend warrants have remained unclaimed or are yet to be presented for&NewLine;payment or re-validation&comma; and such affected shareholders are to contact the&NewLine;Registrar too”&period;&nbsp&semi;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Already&comma;&NewLine;shareholders have been requested to update their records with the Registrars to&NewLine;ensure accuracy before dividends are declared&period;&nbsp&semi;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The&NewLine;AGM is expected to handle issues such as presentation of Audited Financial&NewLine;Statement for the year ended March 31st 2019&comma; reports of the Directors&comma;&NewLine;Auditors&comma; and Audit Committee&comma; declare dividend&comma; and Elect members of the Audit&NewLine;Committee&comma; amongst others<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Red&NewLine;Star Freight is a subsidiary of Red Star Express&period; Red Star Express Plc is a&NewLine;Licensee of Federal Express &lpar;FedEx&rpar; Corporation&comma; the world’s largest delivery&NewLine;solutions provider&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The&NewLine;company has over 166 offices nationwide&period;&nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi;&NewLine;&nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi; &nbsp&semi;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;

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