EDGARS | Circular to Shareholders

NOTICE OF THE EXTRAORDINARY GENERAL MEETING OF THE MEMBERS OF EDGARS STORES LIMITED

Notice is hereby given that an Extraordinary General Meeting (“EGM”) of the members of the Company will be held at 10:00 hours on Wednesday 16 January 2019, at the Edgars Training Auditorium, 1st Floor, LAPF House, 8th Avenue and Jason Moyo Street, Bulawayo to consider and, if thought fit, to adopt, with or without amendment, the following Resolutions:

RESOLUTION 1 – ORDINARY RESOLUTION:

To consider and, if thought fit, to pass, with or without amendment(s), the following as an Ordinary Resolution:

THAT, the Company is hereby authorised to acquire the intellectual property rights to trademarks and brands assigned to Edgars by Edcon for the territory of Zimbabwe from Edcon for a consideration of US$1,500,000 to be settled through the issue of 15,000,000 Edgars shares to Bellfield Limited, a company that holds Edcon’s shares in Edgars.

RESOLUTION 2 – ORDINARY RESOLUTION:

To consider and, if thought fit, to pass, with or without amendment (s), the following as an Ordinary Resolution:

THAT, the Directors of the Company (or any duly authorised committee thereof) be, and are, hereby authorised to do all such things that they may consider necessary or desirable to give effect to, or pursuant to, or in connection with, the Proposed Transaction.

This notice and an accompanying proxy form have been posted to Edgars Stores Limited Shareholders. The proxy form should be delivered to, and received by the transfer secretaries of Corpserve (Private) Limited at 2nd Floor, ZB Centre, Corner Kwame Nkrumah Avenue and 1st Street, Harare or the registered offices of the Company being, Edgars Head Office, Corner Ninth Avenue and Herbert Chitepo Street, Bulawayo so that it is received by the Share Transfer Secretaries no later than 16:00 hours on Monday 14 January 2019.

Copies of the full circular and the Proxy Form are available for collection during normal business hours at Imara Corporate Finance Zimbabwe and Imara Edwards Securities, Block 2 Tendeseka Office Park, Samora Machel Avenue East, Harare.

Note: A proxy form is enclosed. To be valid it should be completed and returned so as to reach the registered office of the company not less than 48 hours before the time fixed for the meeting. Completion of a proxy form does not preclude a member from subsequently attending and voting in person.

By order of the Board of Directors

Company Secretary
Registered office