ADB announces for the information of the general investing public that, the Company's 32nd Annual General Meeting will be held at the British Council, Liberia Road, Accra-Ghana on Wednesday, August 28, 2019 at 11 am to transact the following business:
1. To ratify the appointment of new Directors to the Board;
2. To receive and adopt the Annual Reports Audited Financial Statements for the year ended 31st December 2018 together with reports of the Directors and Auditors;
3. To fix the remuneration of Directors;
4. To authorize the Directors to determine the remuneration of the Auditors for the financial year ending December 31, 2019.
Special Business:
5. To authorize the Directors of the Company to undertake a private placement of ordinary shares of the Company with Ghana Amalgamated Trust Plc for consideration of GHS127,000,000 in order to increase the Company's stated capital to GHS400,000,000 to meet the Bank of Ghana's new minimum capital requirement, subject to the applicable regulatory approvals;
6. To waive the pre-emptive rights of shareholders in relation to the ordinary shares to be issued to Ghana Amalgamated Trust Plc in relation to the private placement;
7. To authorize the Directors of the Company, subject to applicable rules, to determine the terms, timing and pricing of the private placement.
