HF Group Limited (Kenya) – Summary of the resolutions passed at the 56th AGM

By Published On: May 31st, 2022Categories: Corporate announcement

The meeting being quorate, the shareholders resolved as follows:

ORDINARY RESOLUTIONS
1. REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021
The Report of the Chairman, Director’s and the Audited Financial Statement for the year ended 31ST DECEMBER 2021 were received and considered.

The Chairperson invited questions from Shareholders on the Financial Statements. Shareholders asked questions to which the Chairperson and the Chief Finance Officer responded.

Shareholders Ndundu, Jones Nthuku proposed and Muriuki ,Lawrence Mwaniki Seconded the resolution. It was UNANIMOUSLY RESOLVED THAT the Report and the Directors and the Financial Statements for the year ended 31ST DECEMBER 2021 as audited and reported by the company’s Auditors now submitted to the meeting be and is hereby approved and adopted.

2. APPOINTMENT OF DIRECTORS.
a) It was proposed by Njoroge, Joshuah Njogu and seconded by Gitumah, Joseph Mute Mbwiria to appoint Dr. Benson Wairegi, EBS who had retired by rotation in accordance with Article 105 of the Company’s Articles of Association and, being eligible, had offered himself for re-election.
b) It was proposed by Maoga, Geoffrey Bethuel and seconded by Muchiri, Daniel Kimotho to appoint Ms. Constance Gakonyo, CBS who had retired by rotation in accordance with Article 105 of the Company’s Articles of Association and, being eligible, had offered herself for re-election.
c) It was proposed by Muriuki, Beth Nyaruraya and seconded by Kibor, Sally Jepkorir to appoint Prof. Olive Mugenda, PHD, EBS, CBS, MGH who had retired at the meeting in accordance with Article 104 of the Company’s Articles of Association and, being eligible, had offered herself for re-election.
d) It was proposed by Wamiti, Francis Njoroge and seconded by Kimani, Stephen Irungu to appoint Mr. Charles Kimani Njuguna who had retired at the meeting in accordance with Article 104 of the Company’s Articles of Association and, being eligible, had offered himself for re-election.
e) It was Proposed by Mwangi, Boniface Kega and seconded by Waweru, Alexander Mutune to appoint Dr. Anthony Omerikwa Opare, MBS who had retired at the meeting in accordance with Article 104 of the Company’s Articles of Association and, being eligible, had offered himself for re-election.

3. APPOINTMENT OF MEMBERS OF THE GROUP AUDIT AND RISK COMMITTEE
a) It was Proposed by Mbondo, Wellington Mutuku and seconded by Mwangi, Boniface Kega to appoint Mrs. Felister Kembi to continue serving as a member of the Group Board Audit and Risk Committee in accordance with the provision of Section 769 of the Companies Act, 2015.
b) It was Proposed by Kokwaro, Dina Margaret and seconded by Nzau, Jones Kavivya to appoint Dr. Anthony Omerikwa Opare, MBS, to continue serving as a member of the Group Board Audit and Risk Committee in accordance with the provision of Section 769 of the Companies Act, 2015.

4. DIRECTOR’S REMUNERATION
It was proposed by Mbeta, Apollo Olubero and seconded by Maoga,Geoffrey Bethuel that the Directors’ Remuneration Report for the year ended 31st December 2021 be and is hereby approved.

5. APPOINTMENT OF AUDITORS
It was proposed by Nganga, Benedict Njagwi Seconded by Kokwaro,Dina Margaret and RESOLVED BY MAJORITY of shareholders to appoint PricewaterhouseCoopers (PWC) Kenya as the auditors of the Company undertaken in accordance with Sections 721 of the Companies Act, No. 17 of 2015 and to authorize the Directors to fix the remuneration of the auditors in terms of section 724 of the said Companies Act.

CERTIFIED TRUE EXTRACT

REGINA ANYIKA

COMPANY SECRETARY


HF Group Limited (HFCK.ke)

Share price: 3.58 Shillings (0.04 | 1.13% – 11/08/22)