The Companies Act requires every company to hold an Annual General Meeting (AGM). Section 21 of the MTN Zakhele Futhi Memorandum of Incorporation (MOI) requires the company to hold an AGM once in every calendar year.
The purpose of the AGM is for the company to deal with matters, as required under the Companies Act and the company's MOI, that require approval from its shareholders. The main business usually dealt with at each AGM includes:
Election of new directors or re-election of directors retiring through rotation who are eligible and available for re-election
Election of the members of the audit, risk and compliance committee
Approval of the appointment of the auditors for the forth coming financial year
Any special business which requires the approval of the company’s shareholders such as any proposed amendments to the MOI and the approval of directors’ remuneration
Shareholders are able to vote at each AGM using one of the below methods:
Attendance in person or by proxy
Submission of a proxy form (as included in the notice to the AGM) prior to the meeting
By visiting the iProxy webpage at: https://mtnzakhelefuthi.virtual-meetings.online/login
By dialling *120*0130# - this USSD interaction will be charged at 20c for every 20 seconds or part thereof
Please note: The iProxy and SMS proxy platforms will open at 09:00 on 12 April 2022
and will close at 07:00 on 9 May 2022
Shareholders are advised that with the COVID-19 Regulations currently in place, social distancing is paramount, and the rules of lockdown must be adhered to. Physical attendance at the AGM will not be possible and the AGM will only be accessible through electronic communication. Shareholders can attend the AGM by accessing the online facility (https://mtnzakhelefuthi.virtual-meetings.online/login) on the day of the AGM and will need to register prior to the meeting.
Details on how to attend AGM through electronic means can be found in the notice to the AGM.