MTN Uganda Limited has announced the re-appointment of PricewaterhouseCoopers, Certified Public Accountants as the external auditor of the Company for the audit relating to the financial year ending 31 December 2022.
The multinational professional services network of firms, which ranks the second-largest professional services network in the world has also been appointed by Stanbic Uganda Holdings Limited as their External Auditors of the Company for the year 2022.
Enid Edroma, MTN Uganda, Company Secretary said that the re-appointment of PwC was reached at during the annual general meeting of the held on Friday 27 May 2022 at the Company’s head office where as Stanbic appointment was resolved at the company’s annual general meeting held on Thursday 2nd June 2022, according to Company Secretary Rita Kabatunzi.
“MTN Uganda Limited (the Company) hereby informs its Shareholders that at the annual general meeting of the Company held on Friday 27 May 2022 at the Company’s head office at Plot 69/71 Jinja Road Kampala,…… Re-appointment of PricewaterhouseCoopers Certified Public Accountants as the external auditor of the Company for the audit relating to the financial year ending 31 December 2022 and up to the conclusion of the next AGM in 2023, and authorization of the Directors to fix the auditor’s remuneration,” announced Edroma in a May 28th 2022 statement.
Other resolutions passed as according to Edroma were; receipt and adoption of the audited accounts for the year ended 31 December 2021, together with the reports of the Directors and Auditors thereon, declaration of a final dividend of UGX 4.706 per share for the year ended 31 December 2021 and approval of the fees payable to the non-executive Directors of the Company for the year 2022.
Kabatunzi revealed that at the AGM, Stanbic Uganda also resolved;
1. Adoption of the annual audited financial statements for the year ended December 31st. 2021 including the reports of the Directors and External Auditors.
2. The appointment of Robert Busuulwa as an Independent Non-Executive Director
4. Approval of the fees payable to the Non Executive Directors for the year 2022.
5. Authorisation of the Board to take the necessary steps to effect the payment of dividends for the year ended December 31st, 2021.
“The shareholders were informed that the Bank subsidiary received approval from BOU on June 1st, 2022 to pay dividends to a total of UGX 100Bn with UGX 50Bn as a final dividend for 2021 and UGX 50Bn as an interim dividend for 2022 On the basis of the said regulatory approval and authorization granted to the Board by shareholders, the Company will undertake all the necessary steps required to declare and effect the payment of the dividends in line with the USE Listing Rules 2021,” she said.
Kabatunzi added that the shareholders were also informed of the retirement of Mr. Samuel Zimbe following six years of distinguished service.
On the other hand, Umeme Limited at the AGM) held as a hybrid meeting on Thursday 19th May 2022, appointed Ernst & Young, Certified Public Accountants as External Auditors of the Company for the year 2022.
The company also resolved the receipt and adoption of the annual audited financial statements for the year ended 31st December 2021, including the reports of the Directors and External Auditors, according to Company Secretary, Shonubi, Musoke & Co Advocates.
Oyher resolutions passed include; declaration of a final dividend of Ugx 54.1 per ordinary share, re-election of Mr Anthony Marsh, Mr Riccardo Ridolfi and Mr Stephen Emasu as Non-Executive Directors.
The company resolved that “the dividend will be paid on or about 22nd July, 2022 to shareholders whose names appear on the Company’s register at close of business on 24th June, 2022.”