Hibret Insurance Share Company has announced that it will hold its 32nd annual general meeting and 16th extraordinary general meeting on October 19, 2019. The meetings will take place at the Ethiopian Skylight Hotel in Addis Ababa, Ethiopia. The meetings are scheduled to start at 2:00 PM local time. The meetings have been called in accordance with the Ethiopian Commercial Code.
The agenda for the 32nd annual general meeting includes the approval of the company's annual report, consideration of the board of directors' report, and approval of the financial statements for the 2025/2026 fiscal year. The meeting will also consider the election of new board members and the determination of their remuneration. Additionally, the meeting will discuss the distribution of profits and the approval of the budget for the 2026/2027 fiscal year.
The 16th extraordinary general meeting will consider several key issues, including the amendment of the company's articles of association. The meeting will also discuss the issuance of bonus shares to shareholders. Other business will include the approval of the meeting's agenda and the consideration of any other matters that may arise.
Shareholders who are unable to attend the meetings in person may appoint a proxy to represent them. The proxy must be authorized in writing and must be submitted to the company's head office at least three working days before the meeting. The company has also announced that it will provide a copy of the meeting's agenda and other relevant documents on its website.
To attend the meetings, shareholders must present identification documents, including a valid national ID card, passport, or driver's license. Shareholders who are non-Ethiopian citizens must present a valid passport and a document confirming their Ethiopian origin. The company has also announced that only one representative per shareholder will be allowed to attend the meeting.
The meetings are expected to be attended by shareholders and proxy representatives. The company has announced that it will provide refreshments and other facilities for attendees. The meetings will be conducted in accordance with the company's articles of association and the Ethiopian Commercial Code.
The company's board of directors has called the meetings to ensure that shareholders are informed about the company's performance and to provide an opportunity for them to participate in the decision-making process. The meetings will provide a platform for shareholders to engage with the company's management and to raise any concerns they may have.
Key points
- The 32nd annual general meeting and 16th extraordinary general meeting of Hibret Insurance Share Company will take place on October 19, 2019.
- The meetings will consider several key issues, including the approval of the company's annual report and the amendment of the company's articles of association.
- Shareholders who are unable to attend the meetings in person may appoint a proxy to represent them.
