Coffee grower Eaagads Limited, has announced the resignation of Ms. Frances Holliday as Director of the Company with effect from 19 March 2019.
“The Board takes this opportunity to thank Ms. Holliday for her dedication, sound advice and commitment to the company,” said Mr. Evans Monari, Chairman.
In 2017, the company re-elected Holliday as Director besides her term coming to an end in accordance with Article 91 of the Company’s Articles of Association. She had offered herself for re-election.
The Board also announced the appointment of Ms. Kathryne Maundu as the Company Secretary in place of Mr. Sean Omondi.
In 2018, it issued a profit warning basing the announcement on unaudited financial statements for the year ended 31 March 2018.
It recorded an after-tax loss of KSh46.7 million compared to the KSh18.1 million profit recorded in the same period last year.
Eaagads Estate is a coffee farm owned by Eagaads Company Limited, listed on the Nairobi Securities Exchange (NSE). It is managed by Kofinaf Co. Ltd [formerly Socfinaf Co. Ltd] and is located in Thika Division of Thika District; Kiambu County.
The estate’s main activities include coffee growing and pulping before delivery to the coffee mill.