Announcement of the Results of Voting at the First Annual General Meeting of the members of Cassava Smartech Zimbabwe Limited held on Wednesday 30 October 2019.
Shareholders are advised that the results of voting at the First Annual General Meeting of the Company held on Wednesday 30 October 2019 are as follows:
|1. As an Ordinary Resolution – Election of Directors||PASSED|
|2. As an Ordinary Resolution – Adoption of Financial Statements for the 4 months ended 28 February 2019|
To receive and adopt the financial statements for the year ended 28 February 2019 together with the reports of the Directors and Auditors thereon.
|3. As an Ordinary Resolution – Directors’ Remuneration|
To approve the remuneration of Directors for the 4 months ended 28 February 2019.
|4. As an Ordinary Resolution – Approval of Auditors’ Fees and Appointment of Auditors|
4.1 To approve the auditors’ fees for the 4 months ended 28 February 2019.
4.2 To consider the re-appointment of Deloitte & Touche as auditors of the Company until the next Annual General Meeting.
|5. Special Business – Special Resolution – Share Redenomination|
That the Company as provided for in terms of section 87 (c) of the Companies Act [Chapter 24:03], redenominates the par value of authorised share capital comprising both issued and unissued ordinary shares from United States Dollar (US$) 0.001 to Zimbabwe Dollar (Z$) 0.001 following the promulgation of Statutory Instrument (SI) 142/2019 on 24 June 2019 which presented the Zimbabwe Dollar as the sole legal tender in Zimbabwe.
|6. Special Business – Special Resolution – Share Buyback|
To consider and, if thought fit, approve and adopt the following resolution:
That this authority shall expire at the next Annual General Meeting and shall not extend beyond 15 months from the date of this resolution.“
By order of the Board
Group Company Secretary