ECO.zw | Notice of Annual General Meeting

Notice is hereby given that the Fourteenth Annual General Meeting of the members of Econet Wireless Zimbabwe Limited, will be held in the staff canteen, at the registered office of the Company at Econet Park, 2 Old Mutare Road, Msasa, Harare, Zimbabwe on the 27th of July 2012 at 10.00 am for the following purposes:

Ordinary Business
To consider and adopt the following resolutions:

1. Financial Statements
   To receive and adopt the financial statements for the year ended 29 February 2012, together with the report of the directors and auditors thereon.
2. Dividend
   To approve an interim dividend of 11.8 US cents per share for the half-year 31 August 2011.
3. Election of Directors
   To re-elect Messrs T. Nyambirai, J.G.B. Pattison and Dr. J. Myers as directors of the Company. In accordance with Article 81 of the Company’s Articles of Association Messrs T. Nyambirai, J.G.B. Pattison and Dr. J. Myers retire by rotation at the Company’s Annual General Meeting and, being eligible, offer themselves for re-election.
4. Directors’ Remuneration
   To approve the fees paid to the directors for the year ended 29 February 2012.
5. Auditors
   To approve the auditors’ remuneration for the previous year and to consider re-appointing Ernst & Young as auditors for the current year.
6. Special Business
   To consider and if thought fit to adopt with or without amendment the following resolutions:
   As an Ordinary Resolution: Share Buy-back “That the Company, as duly authorized by Article 10 of its Articles of Association, may undertake the purchase of its own ordinary shares in such manner or on such terms as the directors may from time to time determine, provided that the repurchases are not made at a price greater than 5% above the weighted average of the market value for the securities for the five business days immediately preceding the date of the repurchase and also provided that the maximum number of shares authorized to be acquired shall not exceed 10% (ten percent) of the Company’s issued ordinary share capital. The shares repurchased may be held for treasury purposes or cancelled as may be decided by the Board of Directors from time-to-time.

   That a capital redemption reserve fund, appropriated out of the reserves standing from time to time in the books of the Company, be created: and further that this authority shall expire at the next Annual General Meeting, and shall not extend beyond 15 months from the date of this resolution”.

7. Any Other business
   To transact such other business as may be transacted at an Annual General Meeting.

NOTE:
A member of the Company entitled to attend and vote at this meeting is entitled to appoint a proxy to speak and, on a poll, vote in his/her stead. A proxy need not be a member of the Company. Proxy forms should be forwarded to reach the office of the transfer secretaries at least 48 hours before the commencement of the meeting.

By order of the Board

C. A. BANDA
GROUP COMPANY SECRETARY.