Hwa - Hwange Colliery Company Limited - Notice Of Annual General Meeting Release Date: 31/05/2012 12:55:02 Code(s): HWA
HWA - Hwange Colliery Company Limited - Notice of Annual General Meeting
Hwange Colliery Company Limited
Incorporated in Zimbabwe)
Code: HWA ISIN: ZW0009011934
Notice is hereby given that the eighty-ninth Annual General Meeting of
shareholders of Hwange Colliery Company Limited will be held in the Board
room, 7th Floor, Coal House, 17 Nelson Mandela Avenue, Harare, at 10.30 a.m.
on Friday 29 June 2012 for the following business:
1 ORDINARY BUSINESS
1.1 To receive and consider the accounts and the reports of the
directors and of the auditors for the year ended 31 December 2011.
1.2 To re-elect directors who are retiring in terms of the Articles of
Association Mr. N.S. Chibanguza, Mr. N. Jiyane and Mr. J.
Chininga retire by rotation and being eligible offer themselves
for re-election. The brief resumes of Directors are on pages 12 to
1.3 To confirm the remuneration of the Directors` fees for the year
ended 31 December 2011.
1.4 To approve the remuneration of the auditors for the year ended 31
1.5 To elect auditors for the ensuing year.
2 SPECIAL BUSINESS
2.1 2007 Share Option Scheme
Shareholders to consider the outstanding issue of the 2007 share
option scheme and if deemed fit, pass, the following resolution as
a special resolution, with or without any amendments;
It is RESOLVED that employees who participated in the 2007 share
option scheme be compensated for the amount paid to the Company
and that the amount be and hereby approved at $1 453 420 and that
the amount be applied on the 2012 share option scheme, and
allotment of shares be done for employees who have since left the
3 OTHER BUSINESS
3.1 To transact such other business as may be transacted at an Annual
4.1 A member entitled to attend and vote at the meeting may appoint
any person or persons to speak and vote in his/her place. A proxy
need not be a member of the Company. Proxy forms are attached to
this Annual Report and must be lodged with the Secretary at the
registered office in Harare not less than 48 hours before the
4.2 Members may wish to raise any questions regarding the financial
affairs of the Company at the forthcoming Annual General Meeting.
The Board of Directors will endeavour to provide meaningful and
considered responses to such questions. In order to facilitate
this, members are requested to lodge any questions in writing, at
the registered office of the Company, not less than forty eight
(48) hours before the time scheduled for the holding of the Annual
General Meeting. However, members will still have the right to ask
verbal questions during the meeting, at the appropriate time.
By order of the Board
T K Ncube
31 MAY 2012
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 31/05/2012 12:55:01 Supplied by www.sharenet.co.za
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