Annual Report 2011/2012 - Colombo Stock Exchange

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.
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