Notice is hereby given that the eighty-second ANNUAL GENERAL MEETING of the shareholders of Meikles Limited in respect of the year ended 31 March 2019 will be held at Parklands, 26 Greenhithe Lane, Borrowdale, Harare on Friday, 13 December 2019 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 2019 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:
    • John Ralph Thomas Moxon
  3. To consider the re-appointment of the following Director who retires by rotation and being eligible offers himself for re-election:
    • James Andrew Mushore.
  4. To confirm Directors’ fees amounting to ZWL$65 784 for the year ended 31 March 2019.
  5. To approve the auditors’ fees of ZWL$214 898 for the year ended 31 March 2019.
  6. To appoint auditors for the year ending 31 March 2020. Messrs Deloitte & Touche, auditors for the year ended 31 March 2019, have indicated their willingness to continue in office.

SPECIAL BUSINESS

  1. Redenomination of the Company’s share capital to comply with the requirements of the Registrar of Companies and in recognition of the currency reforms gazetted through Statutory Instrument 142/2019 on 24 June 2019.

    1.1 As a special resolution
    That the Company be and is hereby authorised to alter or otherwise restructure its share capital such that the nominal value per share shall be redenominated from US$0.01 (One United States cent), to ZWL$0.01 (One Zimbabwe Cent) following the promulgation of Statutory Instrument 142/2019 abolishing the multi-currency and introducing the Zimbabwe Dollar as mono currency.

    1.2 As a special resolution
    That, the Memorandum and Articles of Association, to the extent necessary, be and are hereby amended accordingly, such that any and all reference to “nominal value” of shares shall mean and read “ZWL$0.01” per share.

  2. Developments in electronic communication have reduced the cost associated with the delivery of notices, annual reports and other documents, while at the same time shortening delivery time. The Company would therefore want to send documents and notices in an electronic form.

    2.1 As a special resolution
    That, the Memorandum and Articles of Association, be amended by inserting the following under section 64:- “Notwithstanding any other provisions of these Articles of Association, notice given in terms of section 64 of these Articles of Association may be given either in writing or through electronic mode via electronic mail to the electronic address last provided by such member, or posted on the Company’s official website. Should a member request a hard copy of such document then the Company shall ensure that a hard copy is availed to the member.”