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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                                                    
("Hwange")                                                                      
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     
         15.                                                                    
    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      
         December 2011.                                                         
    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      
         Company.                                                               
3    OTHER BUSINESS                                                             
3.1  To transact such other business as may be transacted at an Annual      
         General Meeting.                                                       
4    PROXY/IES                                                                  
    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          
meeting.                                                               
    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                                                                       
COMPANY SECRETARY                                                               
31 MAY 2012                                                                     
Sponsor                                                                         
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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