The Board of Directors of Scancom Plc “MTN Ghana” announces its decision to hold an Extraordinary General Meeting (EGM) of shareholders on Thursday, 3rd December, 2020.
This meeting will be held virtually and streamed live from the Company’s Head Office at MTN House, on the 3rd of December 2020 at 11:00 am, MTN pronounced.
Highlighting the matters for consideration at the upcoming meeting, MTN proposes that the Shareholders will authorize the implementation of an employee share scheme by way of an Employee Share Option Plan and a Performance Share Plan for various levels of employees including direct contract staff of the company.
Also, the Shareholders will authorize the “buyback of 1,089,630 shares from applicants who did not provide sufficient personal information to complete their Know Your Customer (KYC) requirements as required under the Company’s Initial Public Offer and in accordance with a directive from the Securities and Exchange Commission,” MTN added.
MTN posits that any Shareholder entitled to attend and vote at the Extraordinary General Meeting but for unforeseen reasons is unlikely to do so or may not be in the capacity to be present may “appoint a proxy to attend virtually and vote on his/her behalf”.
“Such a proxy need not be a Shareholder of the Company,” MTN alerted.
“The appointment of a proxy will not prevent a Shareholder from subsequently attending and voting at the EGM virtually. Where a Shareholder himself/herself attends the meeting virtually, the proxy appointment shall be deemed to be revoked”.
MTN went on to encourage Shareholders to send in any questions in advance of the EGM. “Answers to the questions will be provided at the EGM,” they mentioned.
Detailing the mode of accessing and voting at the meeting, MTN intimates that attendance shall be by online participation.
