Notice of AGM

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 20th Annual General Meeting of DIAMOND BANK PLC will be held on Friday, the 29th day of April 2011 at The Civic Centre, Ozumba Mbadiwe Avenue, Victoria Island, Lagos State, Nigeria at 10:00am prompt to transact the following business:

AGENDA

Ordinary Business

1. To receive the Report of the Directors, the Audited Financial Statements for the period ended December 31, 2010, and the Reports of the Auditors and Audit Committee thereon

2. To declare a dividend

3. To elect/re-elect Directors

4. To authorise Directors to fix the remuneration of the Auditors

5. To elect the members of the Audit Committee.

 Dated this 31st day of March 2011

BY ORDER OF THE BOARD

Nkechi Nwosu

Company Secretary

Notes 

1. Proxy

A member of the Company entitled to attend and vote at any Annual General Meeting is entitled to appoint a proxy to attend and vote in his stead. A proxy need not be a member of the Company. For the appointment to be valid, a completed and duly stamped proxy form must be deposited at the office of the Registrar of the Company, Diamond Registrars Limited, 59, Ogunlana Drive, Surulere, Lagos State not less than 48 hours before the time fixed for the meeting.

2. Dividend

If the proposed dividend of 15 kobo per share is approved, the Dividend Warrants will be posted on Tuesday, May 03, 2011 to members whose names appear in the Register of members at the close of business on Tuesday, April 19, 2011.

3. Closure of Register

The Register of Members will be closed from April 20, 2011 till April 21, 2011 (both days inclusive) to enable the Registrar make necessary preparations for the payment of dividend.

4. Election & Re-election of Directors

In accordance with the provisions of the Articles of Association, HRM. Igwe Alfred Nnaemeka Achebe, Mazi Clement Owunna and Mr. Simon Harford retire by rotation and being eligible, offer themselves for re-election. The appointments of Mr. Ian Greenstreet, Mrs. Omobola Johnson, Ms. Ngozi Edozien, Mr. Benson Adenuga (Alternate to Mr. Simon Harford) as non executive directors and Dr. Alex Otti, Mr. Victor Ezenwoko and Mr. Abdulrahman Yinusa as executive directors are also being tabled for your approval.

5. To elect the members of Audit Commitee

In accordance with Section 359 (5) of the Companies and Allied Matters Act, 1990, any shareholder may nominate another shareholder for appointment to the audit committee. Such nomination should be in writing and must reach the Company Secretary not less than 21 days before the Annual General Meeting. The Central Bank of Nigeria's Code of Corporate Governance has indicated that some of the members of the Audit Committee should be knowledgeable in internal control processes. We would therefore request that nominations be accompanied by a copy of the nominees's curriculum vitae.