16 May 2012 17:40
PRESS CORPORATION LIMITED
REG. NO. 2395
NOTICE IS HEREBY GIVEN THAT THE TWENTY-EIGHTH ANNUAL GENERAL MEETING OF THE COMPANY WILL BE HELD AT THE NATIONAL BANK LEARNING & GROWTH CENTRE, OFF CHIKWAWA ROAD, BLANTYRE ON WEDNESDAY 20TH JUNE 2012 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 2011 together with the reports of the directors and auditors thereon.
2. DIVIDEND
To declare a final dividend of MK360.6 million, representing MK3.00 per share, as recommended by the directors having already paid an interim dividend of MK200 million representing MK1.66 per share on 07th October 2011, making a total dividend of MK560.6 million or MK4.66 per share.
3. APPOINTMENT OF AUDITORS
To consider the following resolution, written notice having been given pursuant to Section 193 of the Companies Act, of the intention to move the resolution as an ordinary resolution:
"To appoint Deloitte, Certified Public Accountants, as auditors for the Company in place of the present auditors to hold office until the conclusion of the next annual general meeting and to authorise the directors to fix 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 2012 as follows:
Directors Fees
§ Chairman - K2,257,200.00 per annum payable
quarterly in arrears (up from K2, 052,000.00)
§ Non-Executive Directors - K1,805,760.00 per annum payable
quarterly in arrears (up from K1, 641,600.00)
Sitting Allowances
§ Chairman - K57,200.00 per sitting (up from K52,000.00
per sitting)
§ Non-Executive Directors - K57,200.00 per sitting (up from K52,000.00
per sitting)
Dated the 15th day of May 2012
BY ORDER OF THE BOARD
C J EVANS
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 a meeting is entitled to appoint a proxy (or proxies) to 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 shall be deposited at the Company Secretary's office not less than forty-eight hours before the time appointed for holding the meeting. The instrument appointing a proxy shall be in the form attached hereto or a form as near thereto as circumstances admit.
3. An interim dividend of MK200 million representing MK1.66 per share was paid on 07th October 2011. At the above meeting it will be proposed that a final dividend of MK360.6 million representing MK3.00 per share be declared payable on Friday 24th August 2012 to those shareholders registered in the books of the Company as at the close of business on Friday 20th July 2012.