NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the members of Meikles Limited will be held at Parklands, 26 Greenhithe Lane, Borrowdale, Harare on Friday, 13 December 2019 at 1030 hours. Members will be asked to consider, and if deemed fit, to pass with or without modification, the resolutions set out below:

AS ORDINARY RESOLUTIONS:

  1. Exchange Control approval
    “ That the Directors obtain approval from Exchange Control Authorities to receive the proceeds of the Disposals in resolutions 2 and 3 below in a ring fenced foreign currency account under the control of the Company to be utilised as set out in section 5 of this Abridged Circular as well as the Full Circular or any other mechanism that safeguards the proceeds in foreign currency to the satisfaction of the Directors.”
  2. Disposal of the Meikles Hotel Immovable Property
    “That in terms of Article 119 of the Company’s Articles of Association, and subject to the passing of resolution 1 above, the Directors be and are hereby authorised to dispose of the Meikles Hotel Immovable Property, being land and buildings located on Stand 17600 Harare Township, corner Jason Moyo Avenue and Third Street, Harare, Zimbabwe, to ASB Hospitality (Zimbabwe) (Private) Limited for a gross consideration of US$16.2 million payable in United States dollars.”
  3. Disposal of the Meikles Hotel Business and Related Hotel Assets
    “That in terms of Article 119 of the Company’s Articles of Association and subject to the passing of resolutions 1 and 2 above, the Directors be and are hereby authorised to dispose of the Meikles Hotel Business and Related Hotel Assets to ASB Hospitality (Zimbabwe) (Private) Limited for a gross consideration of US$3.8 million payable in United States dollars.”
  4. Directors’ authority to give effect to the above resolution
    “That the Directors of the Company be and are hereby authorised to do any and all such things as may generally be required or necessary to give effect to the above Resolutions.”

BY ORDER OF THE BOARD
Company Secretary
Meikles Limited
90 Speke Avenue
P.O. Box 3598
Harare, Zimbabwe