Premier Investment group, ZCCM IH, has announced that its annual general meeting will be held on 30 June 2021, according to a published statement on SENS.
“Notice is hereby given that the Seventeenth Annual General Meeting of members of ZCCM Investments Holdings Plc will be held on Wednesday, 30 June 2021 at 10:00 hours via Video Conferencing on the following link https://eagm.creg.co.zw/eagm/login.aspx”, read a statement issued by Chabby Chabala, Company Secretary, on behalf of the ZCCM IH Board on 9 June 2021.
ZCCM IH often hosts investors in January with the last AGM held on 14 January 2020, but due to COVID 19 restrictions, they have opted to host the AGM via video conferencing. At this years AGM, the Management team will have a number of issues to deliberate with investors. Some of the business to be conducted will include:
“To consider and adopt the Minutes of the 16th Annual General Meeting held on 14 January 2020.
- To consider and adopt the Minutes of the Extra-Ordinary General Meeting held on 30 March 2021.
- To receive and adopt the audited Financial Statements for the year ended 31 December 2019, together with theReports of the Directors and the Auditors.
- To approve the final dividend of K0.33 per share recommended by the Directors.
- To consider and adopt the recommendation to appoint External Auditors for the year ended 31 December 2020,and to authorise the Directors to fix their remuneration.
- To ratify the appointment of a non-executive director to the Board of the Company.
- At the AGM Shareholders will also consider the proposed Transaction, whereby the Company will enter into a Group Restructuring and Reorganization involving ZCCM-IH and the Industrial Development Corporation Limited (“IDC”) and if deemed appropriate, pass the proposed ordinary resolution below:
THAT the Transaction be and is hereby approved and the directors of the Company (the “Directors”) be and are hereby authorised to:
- do or procure to be done all such acts and things as they consider necessary, expedient or appropriate in connection with the Transaction and this resolution (including for the purpose of obtaining any approval, consent, clearance or permission that is a condition to the Transaction or that the Directors consider necessary or expedient); and
- to agree such modifications, variations, revisions, waivers or amendments to the terms and conditions of the Transaction (provided that such modifications, variations, revisions, waivers or amendments are not of a material nature), to any documents, and arrangements relating thereto, as the Directors may, in their absolute discretion, think fit.
- The 17th AGM has also been convened by ZCCM-IH to seek its Shareholders’ approval for the proposed Management Services Agreement (“MSA” or “Agreement”) between ZCCM-IH and the Industrial Development Corporation (“IDC”), if deemed appropriate, pass the proposed ordinary resolution below:
THAT the Agreement be and is hereby approved and the directors of the Company (the “Directors”) be and are hereby authorised to:
- do or procure to be done all such acts and things as they consider necessary, expedient or appropriate in connection with the Agreement and this resolution (including for the purpose of obtaining any approval, consent, clearance or permission that is a condition to the Transaction or that the Directors consider necessary or expedient); and
- to agree such modifications, variations, revisions, waivers or amendments to the terms and conditions of the Transaction (provided that such modifications, variations, revisions, waivers or amendments are not of a material nature), to any documents, and arrangements relating thereto, as the Directors may, in their absolute discretion, think fit.