NOTICE is hereby given that the 15th Annual General Meeting of the shareholders of Telekom Networks Malawi Limited will be held at Mount Soche Hotel, Njamba Room, Blantyre on Monday the 21st June 2010 at 14:00hrs at which the following business shall be transacted:
AS ORDINARY BUSINESS:
- To approve the minutes of the 14th Annual General Meeting held on Thursday, 18th June, 2009.
- FINANCIAL STATEMENTS
To receive and consider for adoption the report of the Directors, the report of the Auditors and the Annual Financial Statements for the year ended 31st December, 2009.
To declare a Final dividend of MK 200.8 million (MK 0.02 per share), for the year ended 31st December 2009 as recommended by the Directors which together with interim dividends already declared and paid will bring the total dividend for the year to MK602.4 million (MK0.06 per share).The share register will be closed from 12th July 2010 to 14th July 2010 both dates inclusive and no transfers shall be registered during that time.Members whose names shall appear in the register as at close of business on 9th July 2010 will be eligible for this dividend payable on 23rd July 2010.
- APPOINTMENT OF AUDITORS
To re-appoint Deloitte, Certified Public Accountants, as Auditors, for the ensuing year and to authorize the Directors to determine their remuneration.
- DIRECTORS RE-ELECTION AND APPOINTMENTS
To re-elect the following Directors who retire in terms of the Articles of Association, by rotation but are eligible for re-election.
- DIRECTORS REMUNERATION
To approve the remuneration of the Chairman and non-Executive Directors with effect from 1st January 2010 as follows:
||Chairman: unchanged at MK900,000 / annum
||Directors: unchanged at MK750,000 / annum
||Chairman: MK50,000 / sitting (2009: MK37,500 / sitting)
||Directors: MK50,000 / sitting (2009: MK37,500 / sitting)
AS A SPECIAL RESOLUTION:
- That the Articles of Association of the Company be amended to increase the maximum permissible number of Directors from eight to nine by the deletion of the words “eight (8)” in article number 83 and the substitution therefore of the words “nine (9)”.
- OTHER BUSINESS
To transact such other business as may be transacted at an Annual General Meeting of members of which prior notice should have been given to the Company Secretary not less than 21 days before the date of the Annual General Meeting.
A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend, speak and vote in his/her stead. The proxy need not be a member of the company. Proxy forms should be forwarded to reach the Company’s registered office or the Transfer Secretaries, not later than forty eight (48) hours before the time of holding the meeting and in default the instrument of proxy shall not be treated as valid.
Dated: 24th May 2010
BY ORDER OF THE BOARD
Telekom Networks Malawi Limited
Fifth floor, Livingstone Towers
Glyn Jones Road
P.O Box 3039