Unity Bank is holding its Annual General Meeting virtually via an online meeting platform on 25th November 2020.
The AGM will consider a special resolution to amend the Constitution of Unity Bank to allow for the issue of mutual capital instruments (MCIs).
Following new legislation enacted earlier the year, mutual organisations can now raise funds by issuing a MCI. In order for Unity Bank to utilise this new legislation they are required to amend their Constitution, which is the purpose of the special resolution.
Unity Bank is asking members to complete a proxy form that nominates the Chair of Unity Bank to vote on their behalf to approve the amendment to the bank’s Constitution. Completed proxy forms must be submitted by 3pm on Monday 23 November.
You can read more about the Unity Bank AGM and the special resolution here.