At the 55th hybrid Annual General Meeting (AGM) of Bank of Baroda (Uganda) Limited (‘the Company’) for the year ending 31 December 2024, held on Thursday, 12 June 2025 at the Serena Hotel in Kampala, the shareholders passed the following resolutions:
Ordinary Resolutions:
- Confirmation of the minutes from the 54th Annual General Meeting, held on Thursday 6 June 2025
- Adoption of the separate and consolidated financial statements for the year ending 31 December 2024; report of the board of directors on the state of the bank’s affairs; and the auditors’ report thereon
- The dividend payout proposed by the Board of Directors at a rate of Shs4.00 per share for the 2024 financial year was approved, pending the Bank of Uganda’s approval
- Ratification of the appointment of:
- Alex Nkerewe as a non-executive director of the bank, effective 19th June 2025
- Susan Lugalambi as a non-executive director of the bank, effective 17th July 2025
- Rebecca Isabella Kiconco as a non-executive director of the bank, effective 13th September 2025
- Robert Kamoga Tebasuulwa as a non-executive director of the bank, effective 31st December 2025
- The re-appointment of Ernst and Young (EY) as the company’s statutory auditors until 31 December 2025, and their remuneration, were both approved by the board audit committee and board of directors
- Anne Tumwesigye Mbonye’s appointment as a non-executive director of the bank was ratified with effect from 4 June 2025
Dated this 13th day of June 2025
By order of the board
Karara Victor Buringuriza
Company secretary
