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HWA - Hwange Colliery Company Limited - Results of annual general meeting

Release Date: 10/08/2011 14:41:01      Code(s): HWA
HWA - Hwange Colliery Company Limited - Results of annual general meeting       
HWANGE COLLIERY COMPANY LIMITED                                                 
(Incorporated in Zimbabwe)                                                      
Code: HWA    ISIN: ZW0009011934                                                 
NOTICE TO SHAREHOLDERS                                                          
RESULTS OF ANNUAL GENERAL MEETING                                               
Please be advised that the Eighty - eighth (88th) Annual General Meeting of     
Shareholders of Hwange was held in the Boardroom, 7th Floor, Coal House, 17     
Nelson Mandela Avenue, Harare, Zimbabwe at 10.30 a.m. on Wednesday 03 August    
2011 and the results were as follows;                                           
1 ORDINARY BUSINESS                                                             
Approval of the Financial Statements and the Report of the Directors and the    
Auditors for the year ended 31 December 2010 - PASSED                           
Re-election of Directors who are retiring in terms of the Articles of           
Messrs Thabani Ndlovu, Alpheus Motampe Ngapo, James Nqindi and Ms. Rosemary     
Sibanda retired by rotation at the Annual General Meeting and did not seek      
for  re-election as Directors of the Company - PASSED                           
Removal of Directors                                                            
Removal from office of the following  Directors, Messrs Fortune Chasi,          
Shingai Israel Mutumbwa, Tendai Savanhu , Mrs Prisca Mupfumira and Mrs          
Thandiwe Thando Mlobane,  notwithstanding their tenure of office. - PASSED      
Appointment of Directors                                                        
Appointment of the followings as Directors of the Company. - PASSED             
Chibhanguza Shingirayi, Chininga Jemmister Haruperi Ian Chamunorwa, Jiyane      
Nkosilathi, Mapfuwa Siphiwe (Ms), Mawere Johnson R, Mutamangira Farai, Nkomo    
Lucas And Vera Valentine.-  PASSED                                              
Approval of Directors` fees for the year ended 31 December 2010. - PASSED       
Approval of the remuneration of the auditors for the year ended 31 December     
2010. - PASSED                                                                  
Appointment of Messrs Grant Thornton Camelsa Chartered Accountants (Zimbabwe)   
as Auditors of the Company for the ensuing year. - PASSED                       
2  SPECIAL BUSINESS                                                             
Increase in Authorised Share Capital from 186 000 000 ordinary shares of        
US$0.25 each to 204 000 000 ordinary shares of US$0.25 each. - PASSED           
Placement of 18 000 000 ordinary shares of US$0.25 each under the control of    
Directors. PASSED                                                               
Approval of the revised Hwange Colliery Company Employee Share Option Scheme.   
- PASSED                                                                        
Approval of Employee Share Options for the years 2008, 2009 and 2010 and        
extension of the tenure of the scheme by a further three (3) years to expire    
in 2017 instead of 2014.  - PASSED                                              
T K Ncube                                                                       
COMPANY SECRETARY                                                               
10 August 2011                                                                  
Sasfin Capital (a division of Sasfin Bank Limited)                              
Date: 10/08/2011 14:41:01 Supplied by www.sharenet.co.za                     
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