Meikles Ld - Result of Extraordinary General Meeting
19 Décembre 2019 - 10:20AM
PR Newswire (US)
MEIKLES
LIMITED
NOTICE TO
SHAREHOLDERS
NOTICE OF THE RESULTS OF THE
EXTRAORDINARY GENERAL MEETING
The Directors of Meikles Limited wish to advise shareholders
that as per the Notice published on the 22
November 2019, the Company held the Extraordinary General
Meeting of shareholders on 13 December
2019. The results of the voting on the proposed resolutions
are as follows:-
|
AS ORDINARY RESOLUTIONS |
RESULT |
1. |
Exchange Control Approval
“THAT the Directors obtain approval from Exchange Control
Authorities to receive the proceeds of the Disposals in resolutions
2 and 3 below in a ring fenced foreign currency account under the
control of the Company to be utilised as set out in section 5 of
the Circular or any other mechanism that safeguards the proceeds in
foreign currency to the satisfaction of the Directors.” |
Passed |
2. |
Disposal of the Meikles Hotel Immovable Property
“THAT in terms of Article 119 of the Company’s Articles of
Association and subject to the passing of resolution 1 above, the
Directors be and are hereby authorised to dispose of the Meikles
Hotel Immovable Property, being land and buildings located on Stand
17600 Harare Township, corner Jason Moyo Avenue and Third Street,
Harare, Zimbabwe to ASB Hospitality (Zimbabwe) (Private) Limited
for a gross consideration of US$16.2 million payable in United
States Dollars.” |
Passed |
3. |
Disposal of the Meikles Hotel Business and related Hotel
Assets
“THAT in terms of Article 119 of the Company’s Articles of
Association and subject to the passing of resolution 1 and 2 above,
the Directors be and are hereby authorised to dispose of the
Meikles Hotel Business and Related Hotel Assets to ASB Hospitality
(Zimbabwe) (Private) Limited for a gross consideration of US$3.8
million payable in United States Dollars” |
Passed |
4. |
Directors’ authority to give effect to the above
resolutions
“THAT the Directors of the Company be and are hereby authorised to
do any and all such things as may generally be required or
necessary to give effect to the above resolutions” |
Passed |
Accordingly all resolution proposed to shareholders were duly
passed subject to the Directors obtaining approval from Exchange
Control Authorities as per resolution 1 above.
Upon fulfilment of the above Condition Precedent, the Company
will advise shareholders through announcement in the
press.
By Order of the Board
Tabani Mpofu
Company Secretary
19 December
2019
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