13 Jun 2016 17:08
PRESS CORPORATION LIMITED
REG. NO. 2395
NOTICE IS HEREBY GIVEN THAT THE THIRTY SECOND ANNUAL GENERAL MEETING OF THE COMPANY WILL BE HELD AT THE NATIONAL BANK OF MALAWI LEARNING AND GROWTH CENTRE, OFF CHIKHWAWA ROAD, BLANTYRE ON WEDNESDAY 22nd JUNE 2016 STARTING FROM 14:00 HOURS AT WHICH THE FOLLOWING ORDINARY BUSINESS WILL BE TRANSACTED:
1. FINANCIAL STATEMENTS
To receive the audited Financial Statements of the Company for the year ended 31st December 2015 together with the reports of the Directors and Auditors thereon.
2. DIVIDEND
To declare a final dividend of MK1,021.7 million representing MK8.50 per share, as recommended by the Directors.
3. APPOINTMENT OF AUDITORS
To re-appoint Deloitte, Certified Public Accountants, as auditors for the ensuing year and to authorise the Directors to determine their remuneration.
4. DIRECTOR'S RE-ELECTION
To re-elect Mr Andrew Barron who retires by rotation and, being eligible, offers himself for re-election.
5. EXECUTIVE DIRECTORS' REMUNERATION
To authorise Directors to determine the remuneration of Executive Directors
6. DIRECTORS FEES AND SITTING ALLOWANCES
To fix the Fees and Sitting Allowances of the Chairman and other Non-Executive Directors with effect from 01st January 2016 as follows:
Directors Fees:
§ Chairman - MK4,671,106.11 per annum payable quarterly in arrears (up from MK3,958,564.50)
§ Non-Executive Directors - MK3,736,884.89 per annum payable
quarterly in arrears (up from
MK3,166,851.60)
Sitting Allowances:
§ Chairman - MK171,100.00 per sitting (up from
MK145,000.00 per sitting)
§ Non-Executive Directors - MK171,100.00 per sitting (up from
MK145,000.00 per sitting)
Dated the 25th day of May 2016
BY ORDER OF THE BOARD
BENARD M W NDAU
COMPANY SECRETARY
Registered Office
Press Corporation Limited
6th and 7th Floors Chayamba Building
Victoria Avenue
P O Box 1227
BLANTYRE
NOTES
1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy (or proxies) to attend and vote on its/his/her behalf. A proxy need not be a member of the Company.
2. The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed or notarially certified copy of that power of attorney or authority shall be deposited at the Company Secretary's office not less than forty-eight (48) hours before the time appointed for holding the meeting and in default the instrument of proxy shall not be treated as valid. The instrument appointing a proxy shall be in the form attached hereto or forms as near thereto as circumstances admit.
3. At the above meeting it will be proposed that a final dividend of MK1,021.7 million representing MK8.50 per share be declared payable on Friday, 26th August 2016 to those shareholders registered in the books of the Company as at the close of business on Friday, 29th July 2016.