Notice is hereby given that the 6th Annual General Meeting of the People’s Own Savings Bank will be held at its Registered Office in Harare on Wednesday 29 July, 2020 at 10:00am for the purposes tabled below. Stakeholders will be asked to connect and attend the meeting virtually via a link to be communicated after registering by initially sending attendee’s details to lmutero@posb.co.zw, on or before the 23rd of July, 2020.

Agenda

To consider and if deemed fit, to pass the following resolutions with or without amendment:

1. Statutory Financial Statements

To receive, consider and adopt the Financial Statements and the Report of the Directors and Auditors for the year ended 31st December, 2019.

2. Dividend

To approve that a dividend of ZWL$0.7661 per share totalling ZWL$17 889 385,00 be payable to the shareholder for the year ended 31st December 2019 as proposed by the Directors.

3. Directorate

3.1 Re-appointment of Directors in terms of section 7 of the People’s Own Savings Bank Act (Chapter 24:22)
3.1.1 To note that the initial tenure of the Board of Directors having expired, Mrs Monica S. Mureriwa, Caecilia Nyamutswa, Nomusa C. Chindomu and Mr. Ignatius Mvere were reappointed for another term effective from the 4th of October, 2019,
3.1.2 To note that the tenures of Messrs Onias Jambwa and Israel Ndlovu that ended in the year 2019 were extended indefinitely until the appointment of additional members to the Board,


3.2 Resignation of Chairperson
3.2.1 To note the resignation of Madam Mathilda Dzumbunu, the then Board Chairperson, from the Board during the year 2019, and
3.2.2 The appointment of Mr Israel Ndlovu as the Acting Board Chairperson following the resignation of Madam Mathilda Dzumbunu.

4. Directors’ Fees

To confirm the Directors’ fees and remuneration of the non – executive directors totalling ZWL$225 606,00 for the year ended the 31st December 2019.

5. External Auditors Remuneration

To approve the remuneration of the external auditors for the year ended 31st December, 2019 totalling ZWL$977 038.00, and

6. Appointment of External Auditors

To note the reappointment of the Auditor General’s Office as Auditors of the Bank until the conclusion of the next Annual General Meeting.

By Order of the Board

Dorothy Mapimhidze (Mrs)

Company Secretary

10 July, 2020