Shareholders are advised that a major group of Shareholders (“the Convening Shareholders”) has mailed to shareholders a notice convening an Extraordinary General Meeting of Shareholders on 23 October 2008, to propose the removal of three Board Members and the appointment of five new Directors.
This is a matter between Shareholders and in view of a possible conflict of interest the Chairman, Mr J R T Moxon, steps down as Chairman of Kingdom Meikles Africa Limited and in his place Mr M A Masunda has been appointed Chairman of Kingdom Meikles Africa Limited until the conclusion of the EGM on the 23 October 2008.
KMAL wishes to assure its Shareholders, clients and stakeholders that this development in no way affects the operations of the group’s subsidiaries, including Cotton Printers (Pvt) Limited, TM Supermarkets, Meikles Stores, Tanganda Tea Company Limited, Meikles Africa Hotels and Kingdom Financial Holdings Limited.
Shareholder updates will be made available as and when it is deemed necessary.
By Order of the Board