1. Issue of Bonus Shares Resolution - The AGM resolves to approve a recommendation of the Board of Directors to issue Bonus Shares at 1000 for each 1 share held.
2. Adoption of Company Own Model Articles of Association Resolution -The AGM resolves to approve a recommendation of the Board of Directors to Adopt Company Own Model Articles of Association.
3. Amendment of Articles of Association to include listing on Securities Market -The AGM resolves to approve a recommendation of the Board of Directors to include a provision in the Articles on Listing on Securities Markets.
4. Increase of Authorised Share Capital - The AGM resolves to approve recommendation by the Board of Directors to increase the Authorised Share Capital to 200 000 000 Ordinary Shares.
5. Listing RoadMap - The AGM resolves to approve a Listing Roadmap that will be determined by the Board of Directors from time to time as the Company prepares to List on the Maseru Securities Market.
6. Ordinary Resolution - Appointment of Auditors -The AGM resolves to approve a recommendation of the Board of Directors to ratify the appointment of New Dawn Chartered Accountants as Auditors of the Company for the Financial Year Ended 31st March 2021
7. The AGM resolves to approve a recommendation of the Board of Directors to appoint New Dawn Chartered Accountants as Auditors of the Company for the Financial Year Ending 31st March 2022
8. Ordinary Resolution Approval of Annual Financial Statements 2019 -The AGM resolves to approve a recommendation of the Board of Directors to approve the Annual Financial Statements for the Year Ended 31st March 2019
9. Ordinary Resolution Approval of Dividends -Declaration of Dividends for Financial year 2018/2019. The Board recommends that shareholders approve dividends declaration of M450.00 per ordinary share for the financial year ended 2018/2019 payable as follows; • An interim dividend of M215.00 per share, which were paid out in January 2019. • Final dividends (subject to approve of audited financial statements for 2018/2019) of M235.00 per share paid in June 2019
10. Ordinary Resolution Approval of Annual Financial Statements 2020 -The AGM resolves to approve a recommendation of the Board of Directors to approve the Annual Financial Statements for the Year Ended 31st March 2020
11. Ordinary Resolution Approval of Dividends -Declaration of Dividends for Financial year 2019/2020 The Board recommends that shareholders approve dividends declaration of M345.00 per ordinary share for the financial year ended 2019/2020 payable as follows; • An interim dividend of M150.00 per share, which were paid out in January 2020. • Final dividends (subject to approve of audited financial statements for 2019/2020) of M175.00 per share paid in August 2020.
12. Ratification of Appointment of Co-opted Directors -Following the Resignation of Director Ntee Bereng and Director Malitsitso Moteane, the Company co-opted Limpho Maema and Relebohile Sefako; the AGM is therefore requested to ratify and approve the appointments of Limpho Maema as a Director with effect from Monday 2nd Decemeber 2019. Further that; the AGM is therefore requested to ratify and approve the appointment of Relebohile Sefako as a Director with effect from Monday 2nd December 2019.
13. Ordinary Resolution for the Rotation and Appointment of Directors -The following persons have made themselves available for Appointment as Directors Lintle Thamae, Lerotholi Seeiso, Relebohile Sefako, Morake Raleaka Note: In accordance with the Articles of Association; Directors who will be eligible to Retire by Rotation, being eligible, offer themselves for Re - election and Re - Appointment.
14. Ratification of All Acts by the Directors -The AGM resolves to approve all Acts of the Directors as Acts of the Company during the Financial Years Ended 31st March 2019 and 31st March 2020.