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

Release Date: 10/08/2011 14:41
Code(s): HWA
Wrap Text

HWA - Hwange Colliery Company Limited - Results of annual general meeting HWANGE COLLIERY COMPANY LIMITED (Incorporated in Zimbabwe) Code: HWA ISIN: ZW0009011934 ("Hwange") 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; RESOLUTIONS 1 ORDINARY BUSINESS 1.1 Approval of the Financial Statements and the Report of the Directors and the Auditors for the year ended 31 December 2010 - PASSED 1.2 Re-election of Directors who are retiring in terms of the Articles of Association. 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 1.3 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 1.4 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 1.5 Approval of Directors` fees for the year ended 31 December 2010. - PASSED 1.6 Approval of the remuneration of the auditors for the year ended 31 December 2010. - PASSED 1.7 Appointment of Messrs Grant Thornton Camelsa Chartered Accountants (Zimbabwe) as Auditors of the Company for the ensuing year. - PASSED 2 SPECIAL BUSINESS 2.1 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 2.2 Placement of 18 000 000 ordinary shares of US$0.25 each under the control of Directors. PASSED 2.3 Approval of the revised Hwange Colliery Company Employee Share Option Scheme. - PASSED 2.4 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 Zimbabwe 10 August 2011 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 10/08/2011 14:41:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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