Meikles Limited - Notice of EGM

Published: 21 October 2013

Shareholders are advised that an EGM of the company shall be held in the Stewart Room, Meikles Hotel at 0900hrs on Wednesday, 27 November 2013 to consider the following resolutions:

As a special resolution No.1
That a further 4,000,000 unissued shares of the company be placed under the control of the directors who shall have the authority to issue the shares to the Meikles Limited Employee Share Ownership Trust, provided that the shares be issued at a price calculated on the basis of the weighted average price of Meikles Limited shares over 30 days prior to the date of issue

As a special resolution No.2
The company provides direct financial assistance in the form of loan funding to the Meikles Limited Employee Share Ownership Trust to enable the Trust to finance the subscription of up to a maximum of 28,000,000 shares (of which 8,418,510 shares have been issued) at a subscription price calculated on the basis of the weighted average Meikles Limited shares over 30 days prior to the issue, subject to the company only providing such direct financial assistance when the company’s funds on deposit with the RBZ are repaid by the RBZ.

As a special resolution No.3
The company provides financial assistance in the form of loan funding to the Share Purchase Scheme - 2011 to enable the Scheme’s participants’ share holding company to finance the purchase of 11,187,619 shares in the company from the market at market prices, subject to the company only providing the financial assistance when the company’s funds on deposit with the RBZ are repaid by the RBZ.
- Meikles

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