Annual Report 2011/2012 - Colombo Stock Exchange

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ANNUAL REPORT 2011 / 12 CONTENTS 02 03 05 08 09 13 14 15 16 17 18 19 38 41 43 NOTICE OF MEETING CHAIRMAN’S REVIEW REPORT OF THE DIRECTORS PROFILES OF DIRECTORS CORPORATE GOVERNANCE AUDIT COMMITTEE REPORT AUDITOR'S REPORT BALANCE SHEET INCOME STATEMENT STATEMENT OF CHANGES IN EQUITY CASH FLOW STATEMENT NOTES TO THE FINANCIAL STATEMENTS SHARE INFORMATION FIVE YEAR SUMMARY FORM OF PROXY
MERCANTILE SHIPPING COMPANY PLC ANNUAL GENERAL MEETING NOTICE OF MEETING Notice is hereby given that the 31st Annual General Meeting of Mercantile Shipping Company PLC will be held on 28th August 2012 at 11.30 a.m. at BCIS (Bandaranaike Centre for International Studies) Auditorium, BMICH, Bauddhaloka Mawatha, Colombo 7, for the following purposes: Agenda 1. To receive and consider the Annual Report of the Board of Directors and the Statement of Audited Accounts for the year ended 31st March 2012 and the Report of the Auditors thereon. 2. Appointment of Directors in terms of Section 211 of the Companies Act No.07 of 2007. Mr. A.N.U. Jayawardena, who is 75 years of age, as a Director in terms of Section 211 of the Companies Act No.07 of 2007. Accordingly, the following resolution to be passed for this purpose, if thought fit. IT IS HEREBY RESOLVED: “To re-elect Mr. A.N.U. Jayawardena, who is 75 years of age, as a Director in terms of Section 211 of the Companies Act No. 7 of 2007 and it is specially declared that the age limit of 70 years referred to in Section 210 of the Companies Act No. 7 of 2007 shall not apply to the said Mr. A.N.U. Jayawardena. Captain K. Kriwat, who is 71 years of age, as a Director in terms of Section 211 of the Companies Act No.07 of 2007. Accordingly, the following resolution to be passed for this purpose, if thought fit. IT IS HEREBY RESOLVED: “ To re-elect Captain K. Kriwat, who is 71 years of age, as a Director in terms of Section 211 of the Companies Act No. 7 of 2007 and it is specially declared that the age limit of 70 years referred to in Section 210 of the Companies Act No. 7 of 2007 shall not apply to the said Captain K. Kriwat. 3. To re-elect Mr. T.N.Jayasinghe who retires by rotation in terms of Article 84, of the Articles of Association of the Company, and being eligible offers himself for re-election as a Director. 4. Election of New Directors Mr. S. Obadage who has been appointed to the Board since the last Annual General Meeting in terms of Article 91 of the Articles of Association of the Company. Ms. K.A.C. Wilson who has been appointed to the Board since the last Annual General Meeting in terms of Article 91 of the Articles of Association of the Company. 5. To re-appoint the Auditors Messrs. Ernst & Young and to authorize the Board of Directors to determine their remuneration. 6. To authorize Directors to determine contribution to Charities. 7. To consider any other business of which due notice has been given. By Order of the Board Managers & Secretaries (Pvt) Limited Secretaries Colombo 18 th July 2012 Note: A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his/her stead and a Form of Proxy is enclosed for this purpose. The proxy need not be a member of the Company. The completed Form of Proxy must be deposited at the registered office No. 441, K. Cyril C. Perera Mawatha, Colombo 13, not less than forty eight hours before the time fixed for the meeting. Any Member or Proxy holder attending the meeting is kindly requested to bring this Report along with his/her National Identity Card or Passport for identification purposes. 02
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Page 9 and 10: TO BE UPDATED MERCANTILE SHIPPING C
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