RNS Number:4099Q
NMBZ Holdings Ld
24 August 2005





                             NMBZ HOLDINGS LIMITED

   (Incorporated in Zimbabwe on 6 March 1995 under company registration 
                                number 1714/95)



                NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")



In terms of the Company's Articles of Association, notice is hereby given that
the EGM of NMBZ Holdings Limited ("NMBZ" and "the Company") Shareholders will be
held at 4th Floor, Unity Court, Kwame Nkrumah Avenue, Harare at 14:30 hours on
Tuesday 13th September 2005 to consider, and if deemed fit, to pass, with or
without modification, the following Special and Ordinary Resolutions:



SPECIAL BUSINESS



Increase in Authorised Share Capital:



"THAT, in terms of the Company's Articles of Association, the authorised share
capital of the Company be and is hereby increased, from one hundred and forty
million dollars ($140 000 000) comprising five hundred and sixty million (560
000 000) Ordinary Shares of a nominal value of twenty five cents ($0.25) per
share, to three hundred and twelve million five hundred thousand dollars ($312
500 000) comprising one billion two hundred and fifty million (1 250 000 000)
Ordinary Shares of a nominal value of twenty five cents ($0.25) each, and to
place one billion and fifty million (1 050 000 000) shares under the control of
the Directors for the purposes of a recapitalisation programme and the Executive
Share Option Scheme and to leave the remainder of two hundred million (200 000
000) shares under the control of shareholders."



ORDINARY BUSINESS



Executive Share Option Scheme as an Ordinary Resolution subject to the passing
of the Special Resolution:



"THAT, the Directors be and are hereby authorised to establish the 2005
Executive Share Option Scheme and settle an allocation of eighty six million
seven hundred and seventy five thousand four hundred and ninety seven (86 775
497) Ordinary Shares of nominal value twenty five cents ($0.25) each in the
issued share capital of the Company to the Scheme, subject to the listing
requirements."



                                                   Registered Office:

BY ORDER OF THE BOARD

                                                   1ST Floor
Company Secretary:                                 Unity Court
M B Narotam                                        Cnr First Street/Kwame Nkrumah Avenue
22nd August 2005                                   Harare





EXPLANATORY NOTE:



1.  SPECIAL BUSINESS



An increase in the authorised share capital is being proposed pursuant to a
capital raising initiative.  Full details in accordance with Stock Exchange
regulations will be made available as soon as possible after the EGM.





2.  ORDINARY BUSINESS



The  share option scheme approved in 2000 has been exhausted and it is proposed
to establish a new one.  Its establishment and the number of shares allocated to
it is dependent upon an increase in the authorised share capital hence the
resolution is subject to the passing of the special resolution.



   Directors:  Dr G M Mandishona (Acting Chairman), Dr D T Hatendi (Managing
                Director)*, M L dos Remedios*, A M T Mutsonziwa,
                           Dr J T Makoni, J A Mushore
                              *Executive Director



Address: 4th Floor, Unity Court, Cnr 1st  Street/ Kwame Nkrumah Avenue, Harare.


                            Website: www.nmbz.co.zw








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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