SENS Note - 13 June 2006
MTN--results of AGM and restructuring of the board
 
Shareholders are advised that at the AGM held on 13 June 06, all the resolutions proposed, other than ordinary resolution number 2 proposing to grant the directors of MTN a general authority to issue equity securities for cash, were passed by the requisite majority of shareholders. The special resolution will be lodged with the Registrar of Companies for registration.

Shareholders are referred to the SENS announcement released on 10 May 06 in terms of which shareholders were advised of the proposed appointment of six new independent non-executive directors to the MTN board. At the AGM the appointment of the following new independent non-executive directors was approved by MTN shareholders:
  • Mr Peter Woicke (German)
  • Dr Mamphela Ramphele (South African)
  • Ms Koosum Kalyan (South African)
  • Mr Johnson Njeke (South African)
  • Sheik Abdul Rahman H Sharbatly (Saudi Arabian)
Dr Christopher Kolade informed the nominations committee of the MTN board that he would be unable to take up his appointment and his nomination to the MTN board was accordingly withdrawn. The reconstituted MTN board will support MTN's new operating and reporting structure, which now comprise three regional focus areas - Southern Africa, West/Central Africa and Middle East, North and East Africa.
 
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