Radio Jamaica Ltd has advised that at its Annual General Meeting held at Hilton Kingston Hotel on September 24, 2008, the following Resolutions were passed:
1) To receive the Accounts for the year ended March 31, 2008 and the reports of the Directors and Auditors thereon.
Resolved
That the Audited Accounts for the year ended March 31, 2008 together with the Report of the Auditors thereon be and are hereby adopted.
2) To elect Directors:
Pursuant to Article 90 of the Company’s Article of Incorporation, the directors below retire
and are all eligible for re-election:
Resolved
That retiring director Mrs. Patricia Robinson be and is hereby re-elected a director of the company.
That retiring director Mr. Karl Lewin be and is hereby re-elected a director of the company.
That retiring director Mr. Holford Plummer be and is hereby re-elected a director of the company.
3) Pursuant to Article 98 of the Company’s Article of Incorporation, the directors below retire
and are all eligible for re-election:
Resolved
That retiring director Mr. Carl Domville be and is hereby re-elected a director of the company.
That retiring director Mr. Milton Samuda be and is hereby re-elected a director of the company.
That retiring director Mr. Glenworth Francis be and is hereby re-elected a director of the company.”
3) To re-appoint the Auditors and authorize the Directors to fix their remuneration.
Resolved
That Messrs PriceWaterhouseCoopers having agreed to continue in office as Auditors, the Directors be and are hereby authorized to agree to their remuneration in respect of the period ending with the conclusion of the next Annual General Meeting.”
4) Special Resolution for the Reduction in Share Capital Relating to Preference
Shares.
Resolved
That the Directors having made a statutory declaration pursuant to section 71(3) of the Companies Act 2004, the authorized share capital of the Company currently consisting of 378,000,000 ordinary shares (originally denominated at J0.50 each) (of which 351,976,991 are issued and fully paid) and 50,000 5% cumulative participating preference share (originally denominated at £1 and converted to $2.00)( of which 10,000 are issued and fully paid), be reduced by the cancellation of the 10,000 cumulative participating preference shares which are issued and fully paid and that the sum of $2.00 credited as paid up on each such preference share, together with unpaid interest at 5% accrued up to 30 days after the date on which this resolution is passed, be paid to the respective holders of such cumulative preference shares and that unclaimed amounts due on any such preference share, in respect of capital and dividend, be held by the Company in an interest-bearing account for the benefit of the holders thereof for a period of six(6) years form the date on which this resolution is passed and thereafter that any unclaimed balance in such amount be applied to such charitable or philanthropic purposes as the Directors may deem fit and/or given to one or more charitable institutions selected by the Directors.”
