MIK Meikles Limited

 
TIDMMIK 
 
MEIKLES LIMITED 
 
NOTICE OF MEETING 
 
Notice is hereby given that the eighty-third ANNUAL GENERAL MEETING of the 
shareholders of Meikles Limited in respect of the year ended 31 March 2020 will 
be held virtually by electronic means on Thursday, 3 December 2020 at 09.00 am 
to conduct the following business: 
 
ORDINARY BUSINESS 
 
1.  To receive and adopt the Group Financial Statements for the 
    year ended 31 March 2020 and the reports of the Directors and 
    Auditors. 
 
2.  To consider the re-appointment of the following Director who 
    retires by rotation and being eligible offers himself for 
    re-election: 
 
      * Mr Rugare Chidembo 
 
3.  To consider the re-appointment of the following Director who 
    retires by rotation and being eligible offers himself for 
    re-election: 
 
      * Mr Kazilek Ncube 
 
4.  To approve the appointment of the following Director with 
    effect from 3 December 2020, and who in terms of the Articles 
    of Association of the Company is required to retire from the 
    Board at the Company's Annual General Meeting, and being 
    eligible, offers herself for election: 
 
      * Ms Cathrine Chitiyo 
 
5.  To approve the appointment of the following Director with 
    effect from 3 December 2020 , and who in terms of the Articles 
    of Association of the Company is required to retire from the 
    Board at the Company's Annual General Meeting, and being 
    eligible, offers himself for election: 
 
      * Mr Stewart Cranswick 
 
6.  To approve the appointment of the following Director with 
    effect from 3 December 2020, and who in terms of the Articles 
    of Association of the Company is required to retire from the 
    Board at the Company's Annual General Meeting, and being 
    eligible, offers himself for election: 
 
      * Mr Simon Hammond 
 
7.  To approve Directors' fees amounting to ZWL1,161,128 for the 
    year ended 31 March 2020. 
 
8.  To approve the auditors' fees of ZWL1,510,543 for the year 
    ended 31 March 2020. 
 
9.  To appoint auditors for the year ending 31 March 2021.  Messrs 
    Deloitte & Touche, auditors for the year ended 31 March 2020, 
    have indicated their willingness to continue in office. 
    Deloitte & Touche have acted as the Company's independent 
    auditors for more than ten years. 
 
SPECIAL BUSINESS 
 
To consider and, if thought fit, to pass, with or without amendment(s), the 
following as Special Resolutions: 
 
1.  Adoption and substitution of Articles of Association of the 
    Company to comply with the requirements of the new Companies 
    and Other Business Entities Act (Chapter 24:31). 
 
1.1 THAT the Articles of Association be substituted by adopting the 
    Articles of Association compliant with requirements of the 
    Companies and Other Business Entities Act (Chapter 24:31). 
 
1.2 THAT the Directors of the Company be and are hereby authorised 
    to do any and all such things as may be generally required to 
    re-register the Company as required by the Companies and Other 
    Business Entities Act (Chapter 24:31). 
 
2.  Share Buy Back Scheme 
 
2.1 THAT the Company be authorised in advance, in terms of Section 
    128 of the Companies and Other Business Entities Act (Chapter 
    24:31), the Zimbabwe Stock Exchange (ZSE) Listing Requirements 
    and Article 160 of the Company's Articles of Association, to 
    purchase the Company's own ordinary shares which: 
 
    i. In aggregate in any one financial year, shall not exceed 10% 
    (ten percent) of the Company's issued ordinary share capital; 
 
    ii. The authority in terms of this resolution shall expire on 
    the date of the next Annual General Meeting; 
 
    iii. The maximum and minimum prices, at which such ordinary 
    shares are to be acquired, will not be more than 5% (five 
    percent) above and 5% (five percent) below respectively, the 
    weighted average market price at which the ordinary shares of 
    the Company are traded on ZSE determined over 5 (five) business 
    days preceding the date of purchase of such ordinary shares by 
    the Company; 
 
2.2 THAT the Company be authorised to pay the transaction costs for 
    shareholders who, in terms of the share buyback scheme, hold 
    less than 1,000 (One Thousand) shares. 
 
NOTE: - 
 
In terms of the Companies and Other Business Entities Act (Chapter 24:31) and 
the ZSE Listings Requirements, it is the intention of the Directors of the 
Company to utilise this authority at a future date, provided that the cash 
resources of the Company are in excess of its requirements and the transaction 
is considered to be in the best interests of shareholders generally.  In 
considering cash availability, the Directors will take account of inter alia, 
the long-term cash needs of the Company, and will ensure the Company will 
remain solvent after the re-purchase. 
 
By order of the Board 
 
12 November 2020 
 
LOGIN INSTRUCTIONS 
 
May you please ensure that you have downloaded the ZOOM application and follow 
the login instructions below: 
 
1. Meeting ID: 976 3785 8430 
 
Password : Shareholders to contact the Transfer Secretaries on the following 
numbers: +2630772862956, +2630772936413, and +2630773668857. 
 
2. Write your username on Zoom in the format below: 
 
XXXXXX   SHAREHOLDER NAME 
 
Where XXXXXX is your shareholder number. 
 
If you have any challenges kindly contact us on +2630772862956, +2630772936413 
and +2630773668857 
 
FORM OF PROXY 
 
I/We 
________________________________________________________________________________________ 
 
                           (Name/s in block letters) 
 
being a member of Meikles 
Limited 
 
and entitled to 
______________________________________________________________________________votes 
 
hereby appoint __________________________________ of 
____________________________________________ 
 
or failing him/her  _______________________________ of 
_____________________________________________ 
 
as my/our proxy to attend and speak for me/us and on my/our behalf at the 
eighty third annual general meeting of the Company to be held virtually by 
electronic means on Thursday, 3 December 2020, at 09.00 am and at any 
adjournment thereof and to vote or abstain from voting. 
 
Any member of the Company entitled to attend and vote at the meeting may 
appoint a proxy or proxies to attend, speak and vote in his stead.  A proxy 
need not be a member of the Company. 
 
Every person present and entitled to vote at a general meeting shall, on a show 
of hands, have one vote only, but in the event of a poll, every share shall 
have one vote. 
 
Please read the notes appearing on the reverse hereof. 
 
Signed at _____________________________________                           on 
____________________________2020 
 
Signature(s) 
 
______________________________________________________________________________________________ 
 
Assisted by me 
_________________________________________________________________________________ 
 
Full name(s) of signatory/ies if signing in a representative capacity (see note 
2) (please use block letters) 
 
INSTRUCTIONS FOR SIGNING AND LODGING THIS FORM OF PROXY 
 
1. In terms of the Companies and Other Business Entities Act, a Member entitled 
to attend and vote at a meeting is entitled to appoint a proxy to attend and 
vote on a poll and speak in his or her stead. No Director or Officer of the 
company may be appointed as a proxy for a Member. A proxy need not be a member 
of the Company. 
 
2. A deletion of any printed matter and the completion of any blank spaces need 
not be signed or initialled.  Any alteration or correction must be initialled 
by the signatory/ies. 
 
3. The Chairman shall be entitled to decline to accept the authority of a 
person signing the proxy form: 
 
(a) under a power of attorney 
 
(b) on behalf of a company 
 
unless that person's power of attorney or authority is deposited at the offices 
of the Company's Zimbabwe transfer secretaries not less than 48 hours before 
the meeting. 
 
4. If two or more proxies attend the meeting then that person attending the 
meeting whose name appears first on the proxy form and whose name is not 
deleted, shall be regarded as the validly appointed proxy. 
 
5. When there are joint holders of shares, any one holder may sign the form of 
proxy.  In the case of joint holders, the senior who tenders a vote will be 
accepted to the exclusion of other joint holders.  Seniority will be determined 
by the order in which names stand in the register of members. 
 
6. The completion and lodging of this form of proxy will not preclude the 
member who grants this proxy form from attending the meeting and speaking and 
voting in person thereat to the exclusion of any proxy appointed in terms 
hereof should such member wish to do so. 
 
7. In order to be effective, completed proxy forms must reach the Company's 
transfer secretaries not less than 48 hours before the time appointed for the 
holding of the meeting. 
 
8. Please ensure that the name(s) of the member(s) on the form of proxy and the 
voting form are the same as those on the share register. 
 
9. Please be advised that the number of votes to which a member is entitled is 
determined by the number of shares recorded in the share register 48 hours 
before the time appointed for the holding of the meeting. 
 
OFFICE OF THE ZIMBABWE 
 
TRANSFER SECRETARIES 
 
ZB Transfer Secretaries 
 
21 Natal Road 
 
Belgravia 
 
P.O Box 2540 
 
Harare 
 
Zimbabwe 
 
Telephone 263 242 759660/9 
 
 
 
END 
 

(END) Dow Jones Newswires

November 12, 2020 02:00 ET (07:00 GMT)

Meikles (LSE:MIK)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025

Meikles (LSE:MIK)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025