Notice is hereby given that the 20th Annual General Meeting of the Company will be held at the FMB Training Centre on 18th May, 2016 at 3:30pm to transact the following business:
1. Approval of Minutes of the Last Annual General Meeting
To approve the minutes of the 19th Annual General Meeting held on Wednesday 5th day of August, 2015
2. Audited Financial Statements
To receive and adopt the audited financial statements for the year ended 31st December, 2015 together with the reports of the auditors and directors thereon.
3. Dividend
To approve a final dividend of MK467.25 million (20 tambala per share) be paid in respect of the financial year ended 31st December, 2015.
4. Directors
4.1. To elect directors Mr Modecai Msisha and Mr Dheeraj Dikshit who retire by rotation but being eligible offer themselves for re-election.
4.2. To confirm the appointment of Mr Kevin Carpenter who was co-opted to the Board since the last Annual General Meeting.
4.3. To confirm the remuneration of the executive directors for the year ended 2015 and to authorize the non-executive directors to determine the remuneration of the executive directors for the forthcoming year.
4.4. To fix fees and sitting allowances for the Chairman and other non-executive directors for the year ending 31st December, 2016 as follows:
4.4.1. Directors fees
- Chairman from MK3,360,000.00 to MK4,200,000.00
- Other non-executive directors from MK2,940,000 to MK3,675,000.00
4.4.2. Sitting allowances
- Chairman from MK210,000.00 to MK262,500.00
- Other non-executive directors from MK168,000.00 to MK210,000.00
4.5. To approve the special remuneration paid to non-executive directors in accordance with the provisions of the articles of the company during the period ended 31st December, 2015.
5. Auditors
5.1. To approve the payment of audit fees of MK54,255,063.00 to KPMG in respect of the audit of the financial statements for the year ended 31st December, 2015.
5.2. To approve appointment of Deloitte as auditors.
6. Other Business
To transact such other business as may be transacted at an annual general meeting of members.
Oswald Chifundo Mtokale
Company Secretary
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