Ciboney Group Limited (CBNY) held its 2023 Annual General meeting on December 6, 2023 in virtual format and the following resolutions were passed:
1. To change the name of the company.
Resolution 1:
“Be it resolved that the name of the company be changed to Innovative Energy Group Limited.”
2. Increase in Share Capital
Resolution No. 2:
“THAT in order to facilitate the proposed subdivision of the existing ordinary shares in the capital of the Company, the maximum number of shares that the Company is authorized to issue be increased from 546,000,000 ordinary shares of no par value to No Maximum number of ordinary shares of no par value.”
3. Adoption of Articles of Incorporation
Resolution No. 3:
“THAT the existing Articles of Association and Memorandum of Association are cancelled and Articles of Incorporation are adopted in substitution therefor.”
4. To receive and adopt the Audited Financial Statements
Resolution No. 4:
“THAT the Audited Financial Statements for the year ended May 31, 2023 be and the Reports of the Auditors and Directors thereon are hereby adopted.”
5. To elect Directors
Resolution No. 5:
“THAT the Directors, Wayne Wray, Kyle Davy, and Conley Salmon, retiring by rotation pursuant to Article 90 of the Company’s Articles of Association, be and are hereby re-elected a Director of the Company.”
6. To approve and fix the remuneration of the Directors
Resolution No. 6:
“THAT the fees of the Non-executive Directors for the year ended May 31, 2024, be fixed by the Corporate Governance & Sustainability Committee of the Board of Directors.”
7. To appoint Auditors and authorize the Directors to fix the remuneration of the Auditors
Resolution No. 7:
“THAT Crichton Mullings & Associates, Chartered Accountants, having agreed to continue in office as Auditors, be and are hereby appointed Auditors for the Company to hold office until the conclusion of the next Annual General Meeting at a remuneration to be fixed by the Directors of the Company.”
