Champion Green Funding Utilities Plc has announced the convening of an Extra-Ordinary General Meeting (EGM) to broaden its business scope and operational capabilities within the energy sector.
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The meeting, scheduled for Monday, January 20, 2025, at 10:00am, will be held virtually via Microsoft Teams Teleconferencing, with the registered office at Plot 266b, Kofo Abayomi Street, Victoria Island, Lagos serving as the host location.

The EGM will focus on passing special resolutions to amend the company’s memorandum of association, enabling it to expand its scope of operations and business
The notice issued by the Company Secretary and Legal Adviser, Tosan Atle Aiboni, stated that the EGM’s proposed amendments clauses include, to design, finance, build, distribute, operate and maintain power generation plants.

Others include, to design, finance, build, manage, operate and maintain high, medium and/or low voltage transmission systems and power distribution systems across various voltage levels as well as provision for undertaking other ancillary business activities deemed advantageous or profitable to the company.

The notice reads: “To carry on any other business of any description whatsoever which may seem to the Company or in the opinion of the Board of Directors thereof advantageous in connection with or ancillary to the objects of the Company, directly or indirectly, to render more profitable the Company’s business.
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“That following the amendments in (1) above, the current clause C of the memorandum of association be renumbered to clause F.

“That the Board be and is hereby authorised to do all acts and things, and to approve, sign and/or execute all documents, perform all such other acts and do all such other things as may be necessary to give effect to the above resolutions.”

The notice further highlighted the rights of members, stating that shareholders eligible to attend and vote are entitled to appoint proxies to represent them at the meeting.

The notice further stated that proxy forms must be completed, stamped, and submitted to the company’s registered office no later than 48 hours before the meeting.

Additionally, the notice stated that shareholders have the right to submit questions either during the meeting or in writing ahead of it. The notice directed that written questions must reach the Company secretary at the registered office or via email no later than 48 hours before the EGM.
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