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Annual General Meeting July 2018 PDF Print E-mail
Sunday, 17 June 2018 14:30

 

PRESS CORPORATION PLC

REG. NO. 2395

NOTICE IS HEREBY GIVEN THAT THE THIRTY-FOURTH ANNUAL GENERAL MEETING OF THE COMPANY WILL BE HELD AT THE NATIONAL BANK OF MALAWI LEARNING AND GROWTH CENTRE, OFF CHIKHWAWA ROAD, BLANTYRE ON FRIDAY, 13TH JULY 2018 STARTING FROM 14:00 HOURS AT WHICH THE FOLLOWING ORDINARY BUSINESS WILL BE TRANSACTED:

1. FINANCIAL STATEMENTS

To receive the audited Financial Statements of the Company for the year ended 31st December 2017, together with the reports of the Directors and Auditors thereon.

2. DIVIDEND

To declare a final dividend of MK2.405 billion representing MK20.00 per share in respect of 2017 profits as recommended by the Directors. An interim dividend amounting to MK600.78 million representing MK5.00 per share was already paid on 27th October 2017, making a total dividend for the year of MK3.006 billion, representing MK25 per share.

3. APPOINTMENT OF AUDITORS

 

To re-appoint Deloitte, Certified Public Accountants, as auditors for the ensuing year and to authorise the Directors to determine their remuneration.

4. DIRECTOR’S RE-ELECTION

To re-elect Mr Andrew Barron who retires by rotation and, being eligible, offers himself for re-election.

5. EXECUTIVE DIRECTORS’ REMUNERATION

To authorise Directors to determine the remuneration of Executive Directors.

6. DIRECTORS FEES AND SITTING ALLOWANCES

To fix the Fees and Sitting Allowances of the Chairman and other Non-Executive Directors with effect from 01st January 2018 as follows:

      Directors Fees:

                       § Chairman            

-

MK9,149,500.00 per annum payable

                          

quarterly in arrears (up from                                                

                          

 

MK6,310,000.00)

§ Non-Executive Directors

     Sitting Allowances:

 

-

MK7,650,000.00 per annum payable

quarterly in arrears (up from

MK5,100,000.00)

                       § Chairman             

-

MK375,000.00 per sitting (up from

                          

 

MK257,000.00 per sitting)

§ Non-Executive Directors

-

MK350,000.00 per sitting (up from

                          

MK231,000.00 per sitting)

 

Dated the 12th day of June 2018

 

BY ORDER OF THE BOARD

 

BENARD M W NDAU COMPANY SECRETARY

Registered Office Press Corporation plc 3rd Floor, NBM Top Mandala House Kaohsiung Road P O Box 1227 BLANTYRE

 

NOTES

 

  1. 1.A member entitled to attend and vote at the meeting is entitled to appoint a proxy (or proxies) to attend and vote on its/his/her behalf. A proxy need not be a member of the Company.
  1. 2.The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed or notarially certified copy of that power of attorney or authority shall be deposited at the Company Secretary’s office not less than forty-eight (48) hours before the time appointed for holding the meeting and in default the instrument of proxy shall not be treated as valid. The instrument appointing a proxy shall be in the form attached hereto or forms as near thereto as circumstances admit.
  1. 3.At the above meeting it will be proposed that a final dividend of MK2.405 billion representing MK20.00 per share be declared payable on Friday, 14th September 2018 to those shareholders registered in the books of the Company as at the close of business on Friday, 10th August 2018.
  1. 4.No other business shall be transacted at the above meeting unless the Company Secretary shall have been notified of the same not less than 21 days before the date of the meeting.
 
Press Corporation Limited profits up PDF Print E-mail
Tuesday, 17 April 2018 00:00

Malawi Stock Exchange (MSE) listed conglomerate, Press Corporation Limited (PCL), has posted a K39.6 billion profit after tax for the year ended December 31 2017 compared to K15.31 billion realised the previous year.

This represents a profit jump of 159 percent.

The performance was realised after taking into account a profit of K14 billion on part disposal of shares in Castel Malawi Limited, cost reduction and improved operating efficiencies of PCL subsidiaries.

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Amendment to Company Name PDF Print E-mail
Friday, 02 February 2018 22:17

CIRCULAR TO PRESS CORPORATION LIMITED SHAREHOLDERS ON AMENDMENT TO COMPANY NAME BY ADDING THE WORDS “PLC” AT THE END OF THE NAME ‘PRESS CORPORATION’

(Section 48 of Companies Act 2013)

Shareholders of Press Corporation Limited (”the Company') are hereby advised of the following:

1 THAT Section 48 of the Companies Act 2013 provides that the name of a public limited liability company shall end with the words ‘public limited liability' or ‘Plc'.

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Trading Statement in Respect of the Year Ending 31 December, 2017 PDF Print E-mail
Wednesday, 20 December 2017 00:00

In terms of the Listings Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

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Press Corporation Limited declares MK1.5 bn dividends PDF Print E-mail
Friday, 30 June 2017 00:00

Dual-listed conglomerate Press Corporation Limited (PCL) Limited has held its 33rd annual general meeting (AGM) in Blantyre where it declared a final dividend of MK1.5 billion.

Speaking at the AGM, PCL Board Chairman Patrick Khembo said the PCL group delivered good results not-withstanding the difficult operating environment that prevailed during the period.

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Notice: Change Of Location PDF Print E-mail
Monday, 13 February 2017 07:18

We moved from Chayamba to NBM Top Mandala  House (formerly Inde Bank House), along kaoshiung Road Blantyre

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Trading Statement in Respect of the Year Ending 31 December, 2016 Print E-mail
Monday, 19 December 2016 00:00

In terms of the Listings Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

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Press Group in World AIDS Day Commemoration PDF Print E-mail
Thursday, 01 December 2016 00:00

Today, we commemorate World AIDS Day and stand in solidarity with the 78 million people who have become infected with HIV and remember the 35 million who have died from AIDS-related illnesses since the first cases of HIV were reported. The theme for this year’s World Aids day is ‘Hands Up for HIV Prevention’.

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Appointment of Dr George Partridge as Group Chief Executive Print E-mail
Tuesday, 30 August 2016 09:34

CEO PatridgePRESS CORPORATION LIMITED (PCL) is pleased to announce the appointment of Dr George Partridge as the new Group Chief Executive. The appointment of Dr Partridge follows a rigorous and transparent recruitment process that commenced in January, 2016 and has spanned over a period of six (6) months.

The Board embarked on a recruitment drive for a new Group Chief Executive in mid-2015 in light of the impending retirement of Dr Mathews Chikaonda in December 2016. To ensure objectivity and transparency, an independent audit firm, KPMG Advisory Services Limited (KPMG), was hired to handle the recruitment process, including the initial short-listing of qualified candidates; arranging for interviews and interfacing with the candidates. Notwithstanding the existence of a succession plan that the Board had endorsed, the process was open to internal as well as external candidates to the Group. The Interview Panel consisted of members of the Board’s Appointments and Remuneration Committee and representatives of KPMG.  The Panel’s recommendation of the top three (3) candidates in rank order was deliberated upon and approved by the Board at its Special Meeting held on 17th May 2016. The Board expresses its gratitude to members of the Appointments and Remuneration Committee as well as the Partners at KPMG for their meticulous efforts in ensuring that the process was conducted in the most professional, efficient and confidential manner.

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Declaration of Final Dividend - June 2016 PDF Print E-mail
Tuesday, 28 June 2016 13:28

pressAt the Company’s Thirty Second Annual General Meeting held on Wednesday 22nd June, 2016, the following resolution was adopted:

 

 

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Declaration of final dividend PDF Print E-mail
Monday, 27 June 2016 08:55

At the Company's Thirty Second Annual General Meeting held on Wednesday 22nd June, 2016, the following resolution was adopted:

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