On Wednesday 25th May 2022, the first Annual General Meeting (AGM) of the Daakye Trust PLC took place at the African Regent Hotel in Accra.
Among others, the purpose of the meeting included the receipt and adoption of the financial statements for the year ended 31st December 2021 and the reports of the Directors and Auditors relating to same, the approve of Directors’ remuneration for 2022, authorize the Directors to fix the remuneration of the Auditors and to approve the re-election of retiring Directors of the Board.
Daakye Trust Plc (the Issuer or the company) is a public company limited by shares incorporated on 4 May 2020.
The establishment of the Issuer was sponsored by GETFund for the purpose of, among others, issuing debt securities to settle the GETFund Debt which is backed by a portion of GETFund receivables, assigned to the company in an assignment agreement.
GETFund is the sole shareholder of the Issuer and is managed by KPMG (as the Corporate Manager) under the terms of the Management Services Agreement
Pursuant to its mandate, the Issuer has established this bond issuance programme to raise an aggregate amount of GHS 5.500.000.000 to settle the GETFund Debt. (Over a 5 year period)
As at 31 December 2021, a total of GHS 2,453,171,482 bonds have been issued under 2 Tranches. (Converted Syndicated Loans GHS 1.21B & Cash bids from the bond insurance 1.28B)
