Padenga Holdings (Zimbabwe) shareholders approve delisting from the ZSE, seek admission onto the Victoria Falls Stock Exchange

By Published On: July 6th, 2021Categories: AGM, Corporate announcement, Status

Announcement of the results of voting at the Extraordinary General Meeting of Shareholders of PadengaHoldings Limited (“the Company”) held at 10:00 AM on 2 July 2021 regarding the termination of the Zimbabwe Stock Exchange Listing of Padenga Holdings Limited to enable the Company to seek admission onto the Victoria Falls Stock Exchange.

Shareholders are advised that all resolutions put to the vote at the Extraordinary General Meeting of Shareholders of Padenga Holdings Limited held on 2 July 2021 were passed as tabulated below: –

 

SPECIAL RESOLUTIONS RESULT
1 SPECIAL RESOLUTION 1 – De-Listing of Padenga from the ZSE: –

“That, the Company’s shares be removed from the Main Board of the Zimbabwe  Stock Exchange (“ZSE”) through voluntary termination of the listing on the Shares: Zimbabwe Stock Exchange in terms of section 11 of the ZSE Listings Requirements, in order to enable the Company to seek admission onto the Victoria Falls Stock Exchange.”

Passed

Shares in favour:

92.21%

2 ORDINARY RESOLUTION 1 – Authorised but unissued shares be placed under the control of the Directors: –
“That, the authorised but unissued ordinary shares of the Company, be placed under the control of the Directors for a period of twelve months or until the next Annual General Meeting, to be issued in compliance with the terms of the  Memorandum and Articles of the Company and the VFEX listing requirements, provided that no issue will be made which would effectively transfer the control of the Company without the prior approval of the Shareholders in a general meeting.”
Passed

Shares in favour:

94.00%

3 ORDINARY RESOLUTION 2 – Directors authorised to give effect to the above resolutions: – 
“That, the Directors be and are hereby authorised to do any and all such things as Shares in favour:may be necessary to give effect to the above resolutions.”
Passed

Shares in favour:

92.22%

By order of the Board

A. Lorimer

Company Secretary


Padenga Holdings Limited (PHL.zw)

Share price: 3,087.61 ZWL cents (0.00 | 0.00% – 20/07/21)

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