Announcement of the Results of Voting at the Twenty-fourth Annual General Meeting of the members of Econet Wireless Zimbabwe Limited held on Wednesday 31 August 2022.
Shareholders are advised that the results of voting at the Twenty-fourth Annual General Meeting of the Company held on Wednesday 31 August 2022 are as follows:
| RESOLUTION | RESULTS |
|---|---|
| 1. As an Ordinary Resolution – Adoption of Financial Statements for the year ended 28 February 2022
To receive and adopt the financial statements for the year ended 28 February 2022 together with the reports of the Directors and auditors thereon. |
Passed |
| 2. As an Ordinary Resolution – Dividend
To approve the following dividend paid during the year in respect of the financial year ended 28 February 2022;
|
Passed |
| 3. As an Ordinary Resolution – Election of Directors
3.1 To re-elect Dr J Myers as a Director of the Company. |
Passed |
| 3.2 To re-elect Mr H Pemhiwa as a Director of the Company. In accordance with Article 81 of the Company’s Articles of Association they retire by rotation at the Company’s Annual General Meeting and, being eligible, offer themselves for re-election. Each Director shall be separately elected. |
Passed |
| 3.3 To re-elect Dr D Mboweni as a Director of the Company. In accordance with Article 81 of the Company’s Articles of Association they retire by rotation at the Company’s Annual General Meeting and, being eligible, offer themselves for re-election. Each Director shall be separately elected. |
Passed |
| 3.4 To elect Miss E T Masiyiwa as a Director of the Company. Miss Masiyiwa was appointed to the Board in between Annual General Meetings. In terms of Article 89.2, she retires and offers herself for election by the members. Her CV can be found on this link; https://ewzinvestor.com | Passed |
| 4. As an Ordinary Resolution – Directors’ Remuneration
To approve the fees paid to the Directors for the year ended 28 February 2022 |
Passed |
| 5. As an Ordinary Resolution – Auditors
5.1 To approve the auditors’ remuneration for the previous year. |
Passed |
| 6. As Special Business – Special Resolution – Renewal of Share Buy-back Authority
To consider, and if thought fit, to adopt, with or without amendment, the following resolution: As a Special Resolution: “That the Company, as duly authorized by Article 10 of its Articles of Association, may undertake the purchase of its own ordinary shares in such manner or on such terms as the Directors may from time to time determine, provided that the repurchases are not made at a price greater than 5% above the weighted average of the market value for the securities for the five business days immediately preceding the date of the repurchase and also provided that the maximum number of shares authorized to be acquired shall not exceed 10% (ten percent) of the Company’s issued ordinary share capital. That this authority shall expire at the next Annual General Meeting and shall not exceed beyond 15 months from the date of this resolution”. |
Passed |
By order of the Board
C.A. Banda
Group Company Secretary
1 September 2022
| Registered Office: Econet Park, 2 Old Mutare Road Msasa, Harare, Zimbabwe. Email: [email protected] |
Registrars and Transfer Secretaries: First Transfer Secretaries (Private) Limited, 1 Armagh Avenue, Eastlea, Harare, Zimbabwe. |
|
Directors: Dr. J. Myers (Chairman)*, Dr. D. Mboweni (Chief Executive Officer), Mr. R. Chimanikire (Deputy Chief Executive Officer), Dr. J. Chimhanzi*, Mr. M. Edge*, Mr. M. Gasela*, Mr. G. Gomwe*, Miss E.T. Masiyiwa, Ms. B. Mtetwa*, Ms T. Moyo*, Mr. H. Pemhiwa*. *Non Executive |
