Umeme Limited will hold its upcoming annual general meeting on Thursday 6th August, 2020 at 10:00 am, a statement released by the company says.
Having been granted permission by court, the company will hold the meeting online as per government measures to prevent the spread of Coronavirus.
“Given the restrictions in our Articles of Association, the Company filed an application in the High Court Civil Division on 16th June 2020 seeking for orders to proceed with the Annual General Meeting using electronic means as per the guidance issued by the Uganda Securities Exchange. The High Court Civil Division delivered its ruling and granted our application on 18th June 2020 subject to obtaining a prior no-objection from the Uganda Securities Exchange, complying with all applicable notices issued under the Uganda Securities Exchange Listing Rules 2003 and the Laws of Uganda,” reads part of the statement.
The AGM will be hosted via the LumiAGM platform where shareholders with registered emails will receive the meeting ID and login credentials through email and mobile SMS.
“Shareholders without emails in the Shareholder Register will be contacted via SMS on their registered mobile phone numbers and will be requested to avail their email addresses to our share registrar, Custody & Registrars Services Uganda, at umeme@candrgroup.co.ug or call +256 757 072 773,” the company says.
Among other things, the meeting will be convened to receive the Annual Financial Statements for the year ended 31 December 2019 and the Directors and Auditors reports thereon, receive and adopt the recommendation of the Directors on the declaration of a final dividend for 2019, approve the appointment of Ernst & Young as external Auditors for the year 2020, elect directors in place of those retiring.
