NOTICE OF 61ST ANNUAL GENERAL MEETING – Sterling Financial Holdings Company

NOTICE IS HEREBY GIVEN that the 61st Annual General Meeting of Sterling Bank Limited will be held at The Wheatbaker, 4, Onitolo Road, Ikoyi, Lagos, and virtually on Wednesday, the 31st day of May 2023 at 10.00 a.m. to transact the following business:

ORDINARY BUSINESS

To receive the Audited Financial Statements for the year ended 31st December 2022, the Reports of the Directors,
Auditors, and the Audit Committee thereon.
To declare a Dividend.
To elect/re-elect Directors
(a.) To elect Mr. Manish Singhal as a Non-Executive Director.
(b.) To re-elect the following Directors retiring by rotation:
• Mr. Asue Ighodalo
• Mr. Olaitan Kajero.
To authorise the Directors to fix the remuneration of the Auditors.
To disclose the remuneration of Managers of the Company in accordance with section 238 and 257 of the
Companies and Allied Matters Act 2020.

NOTES

Proxy
A member of the Company entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her/its stead. A proxy need not be a member of the Company. To be valid, a completed proxy form must be deposited at the office of the Company Secretary, Sterling Bank Limited, 10th Floor, Sterling Towers, 20, Marina, Lagos not less than 48 hours before the time of the meeting.
Stamping of Proxy
The cost of stamping the instruments of proxy would be borne by the Company.
Dividend
If approved, a dividend in the sum of 15 kobo for every share of 50 kobo will be paid via e-mandate on Wednesday, 31st May 2023 to shareholders whose names are registered in the Register of Members at the close of business on Friday, 19th May 2023. Shareholders are advised to complete the e-dividend mandate form and forward particulars of their account details to the Company to enable direct credit of their dividend on the same day.
(a.) Election of Directors
Mr. Manish Singhal is being proposed for election as a Non-Executive Director.
The profiles of the aforementioned Directors are available in the Annual Report and also on the Bank’s website at www.sterling.ng.
(b.) Re-election of Directors
In accordance with the provisions of the Company’s Articles of Association, the Directors to retire by rotation at the 61st Annual General Meeting are Mr. Asue Ighodalo and Mr. Olaitan Kajero. The retiring Directors, being eligible, offer themselves for re-election.
The profiles of the Directors retiring by rotation are available in the Annual Report and on the Bank’s website at www.sterling.ng.

Dated 8th day of May 2023.
BY ORDER OF THE BOARD.

TEMITAYO ADEGOKE,
Company Secretary | 20 Marina, Lagos.
FRC|2018|NBA|00000018142

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