Announcement of the Results of Voting at the Sixth Annual General Meeting of the members of EcoCash Holdings Zimbabwe Limited held on Monday 30 September 2024.
Shareholders are advised that the Results of voting at the Sixth Annual General Meeting of the Company held on Monday 30 September 2024 are as follows:
| RESOLUTION | RESULTS |
|---|---|
| 1. As an Ordinary Resolution – Adoption of Financial Statements for the year ended 29 February 2024 To receive and pass the financial statements for the year ended 29 February 2024 together with the reports of the Directors and Auditors thereon. |
PASSED |
| 2. As an Ordinary Resolution – Election of Directors
2.1 To re-elect Mrs S.G. Shereni as a Director of the Company. |
PASSED |
| 2.2 To re-elect Mr D.T. Mandivenga as a Director of the Company. | PASSED |
| 2.3 To re-elect Mr H. Pemhiwa as a Director of the Company. | PASSED |
| 3. As an Ordinary Resolution – Directors’ Remuneration To approve the remuneration of Directors for the year ended 29 February 2024. |
PASSED |
| 4. As an Ordinary Resolution – Approval of Auditors’ Fees To approve the Auditors’ remuneration for the year ended 29 February 2024. |
PASSED |
| 5. As an Ordinary Resolution – Approval of Appointment of Auditors To approve the appointment of BDO Zimbabwe Chartered Accountants as Auditors of the Company until the next Annual General Meeting. BDO have served as Auditors of the Company for 2 years. |
PASSED |
| 6. Special Business – Special Resolution – Share Buyback To consider and, if thought fit, approve and adopt the following resolution: As a Special Resolution: “That the Company, as duly authorised by Article 10 of its Articles of Association, may undertake the purchase of its own ordinary shares in such manner and 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 authorised to be acquired shall not exceed 10% (ten percent) of the Company’s issued ordinary share capital. |
PASSED |
By Order of the Board
Mrs C.R. Daniels
Group Company Secretary
30 September 2024
About EcoCash Holdings Zimbabwe
EcoCash Holdings Zimbabwe is a technology Group that leverages digital and financial technologies to build shared economies, drive financial inclusion and promote economic empowerment.
We envision a digitally connected future that leaves no Zimbabwean behind by providing innovative solutions that meet the needs of ordinary people.
Our values are integrity, service, responsibility and accountability.