Sagicor Life Jamaica Limited has advised that its annual general meeting will be held at the Sagicor Life Jamaica Auditorium, 28-48 Barbados Avenue, Kingston 5, on Wednesday, June 9, 2010 at 3 p.m. for the following purposes:
1. To receive the Audited Accounts for the year ended December 31, 2009 and the Reports of the Directors and Auditors.
THAT the Audited Accounts for the year ended December 31, 2009 and the Reports of the Directors and Auditors circulated with the Notice convening this Meeting be and hereby adopted.
2. To elect Directors.
(a) THAT in accordance with Article 98(f) of the Company’s Articles of Incorporation which reads:
“The office of a Director shall be vacated if the Directors attains the age of sixty-five years, provided that if a Director shall attain that age during his term of office, he shall be entitled to retain his position of Director until the next Annual General Meeting. Notwithstanding the foregoing, the Board at its absolute discretion may invite a former Director or any other person who has attained the age of sixty-five years to be a Director for a specified period, subject to retirement or re-election as otherwise provided for in the Articles of Incorporation
WHEREAS Director, Dr. the Hon. R.D. Williams having attained the age of sixty-five years and notwithstanding Article 98(f) the Board of Directors has by invitation asked him to continue in office as Director for a period of two (2) years from the date of this Annual General Meeting until the end of the Board of Directors’ meeting prior to the Annual General meeting in 2012.
(b) THAT in accordance with Article 99(f) of the Company’s Articles of Incorporation that Directors Dr. the Hon. R.D. Williams, Mr. Paul Facey and Mr. Stephen Facey will retire by rotation and being eligible, offer themselves for re-election.
To consider, and if thought fir, to pass the following Resolutions:
(i) THAT Dr. the Hon. R.D. Williams who retires by rotation and being eligible for re-election be
and is hereby appointed as a Director for the Company.
(ii) THAT Mr. Paul Facey who retires by rotation and being eligible for re-election be and is
hereby appointed as a Director of the Company.
(iii) THAT Mr. Stephen Facey who retires by rotation and being eligible for re-election be and is
hereby appointed as a Director of the Company.
3. To fix the remuneration of the Directors
Resolution No 3
That the amount of $10,290,707 included in the Audited Accounts of the Company for the year ended December 31, 2009 as remuneration for their services as Directors be and hereby approved.
