twitter20
News


We remain a giant– Press Corporation Limited PDF Print E-mail

Malawi Stock Exchange (MSE)-listed conglomerate Press Corporation Limited (PCL) Board of Directors on Friday assured shareholders that the group remains the giant it was a couple of decades ago.

PCL Board Chairman, Patrick Khembo, was speaking during the firm’s annual general meeting (AGM) held in Blantyre.

Read more...
 
Trading statement in respect of the six months period ending June 2018 PDF Print E-mail

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.

Read more...
 
Press Corporation Limited profits up PDF Print E-mail

Conglomerate Press Corporation Limited (PCL) has said it expects its profit for the first six months of the year to be 50 percent above the corresponding period last year.

In the first half of last year, PCL recorded a pretax profit of MK14.23 billion, up from MK13.89 billion in 2016.

Read more...
 
Annual General Meeting July 2018 PDF Print E-mail

 

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

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.

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 13
Home Media

Press Corporation PLC. All rights reserved. Developed by Softek