AFRICA INSURANCE COMPNAY (S.C) Notice of the 26th Ordinary Annual General Meeting

Announcement
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Overview

  • Category : Announcement
  • Posted Date : 11/03/2021
  • E-mail : md@africainsurancesc.com
  • Phone Number : 000
  • Source : Reporter
  • Closing Date : 11/27/2021

Description

NOTICE

Notice of the 26th Ordinary Annual General Meeting

In accordance with the Provisions of Articles 366,367,370 and 393 of the Commercial Code of Ethiopia Proc.1243/2021 and Article 8(3) of the Company’s Articles of Association, notice is hereby given to all Shareholders that the 26th Ordinary Annual General Meeting of Shareholders of Africa Insurance Company, (S.C) will be held on Saturday, November 27, 2021 at 9:00 am (Morning) at Sky Light Hotel to transact the following businesses:-

  1. The Agenda for the 26th Annual General Meeting
    • To assign Tells of the AGM;
    • To ascertain the attainment of quorum of the meeting;
    • To approve the Agenda items of the meeting;
    • To hear and endorse share transfers conducted for the year 2020/21 and accept new share holders thereof;
    • To hear and approve the report of the Board of Directors for the year 2020/21;
    • To hear and approve the Auditor’s report for the year 2020/21;
    • To decide on the appropriation of the net result (Profit) of the Company for the year 2020/21;
    • To appoint Auditor’s who will examine the Company’s accounts for the fiscal years 2021/22,2022/23 and 2023/24 and approve their service fees thereof;
    • To receive the report of Board Sub-committee for capital raising and follow-up and approve the proposals thereof;
    • To hear a summary report of Board Self Appraisal for the year ended 2020/21;
    • To conduct Election of Board Nomination and Election committee;
    • To approve Board remuneration for the year 2020/21 and their monthly allowance for the year 2021/22;
    • To approve the minutes of the AGM;
    • Any other Businesses;

Note:-

  • Shareholders who might not be able to attend the Meeting in person, may fill proxy forms three working days prior to the Meeting at the Head Office of the company located at Bole Rwanda on the New Building of the Company on the 10th floor of the Building; or may participate in the meeting through their respective representatives bearing duly registered and authenticated letters(s) of power of attorney issued through a Notary Office.
  • Shareholders or Proxies or Representatives bearing duly registered & authenticated letters of power of Attorney may participate in the meeting producing/submitting original/ copies of:-
    • Renewed Id Cards or passports of both the representers and the represented.
    • Letters of power of attorney.

By order of the Board of Directors of

Africa Insurance Company (S.C)    

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