THE KENYA POWER AND LIGHTING COMPANY PLC
102ND ANNUAL GENERAL MEETING HELD ON 8TH DECEMBER 2023
POLLING RESULTS
The Board of Directors of THE KENYA POWER AND LIGHTING COMPANY PLC is pleased to announce the results of voting for the resolutions that were put forward for determination by shareholders at the Annual General Meeting held on Friday, 8th December 2023.
The Poll was conducted by Image Registrars Limited.
1. AGM RESOLUTIONS
The following resolutions as presented to the shareholders were approved having garnered a majority of the votes cast:
RESOLUTION | Voted In | % In Favour | Votes | % Against | Abstained | Verdict | |||
Favour | Against | ||||||||
1 | To receive, consider | 1,068,843,382 | 99.8813% | 1,269,461 | 0.1186% | 630,844 | PASSED | ||
and adopt the | |||||||||
Company's Audited | |||||||||
Financial Statements | |||||||||
for the year ended | |||||||||
30th June 2023, | |||||||||
together with the | |||||||||
Chairman's, | |||||||||
Directors' and | |||||||||
Auditors Reports | |||||||||
thereon. | |||||||||
2 | Consequent to the | 1,066,316,862 | 99.6003% | 4,278,816 | 0.3996% | 148,009 | PASSED | ||
provisions of Section | |||||||||
769 of the Companies | |||||||||
Act, 2015 and subject | |||||||||
to 4 (i) & (ii) above, | |||||||||
to authorise the Board | |||||||||
to set up the Board | |||||||||
Audit Committee. | |||||||||
3 | To approve payment | 1,068,467,497 | 99.8111% | 2,021,578 | 0.1888% | 254,612 | PASSED | ||
of fees to non- | |||||||||
executive Directors | |||||||||
for the year ended | |||||||||
30th June 2023. | |||||||||
4 | Auditors: To note that | 1,070,670,404 | 99.9971% | 30,874 | 0.0028% | 42,409 | PASSED | ||
the audit of the | |||||||||
Company's books of | |||||||||
accounts will |
continue to be | |||||||
undertaken by the | |||||||
Auditor-General, or | |||||||
an audit firm | |||||||
appointed by her in | |||||||
accordance with | |||||||
section 23 of the | |||||||
Public Audit Act, | |||||||
2015. | |||||||
5 | To authorise the | 1,066,990,764 | 99.6934% | 3,280,498 | 0.3065% | 472,425 | PASSED |
Directors to fix the | |||||||
Auditors' | |||||||
remuneration. | |||||||
6 | To consider and, if | 1,067,427,794 | 99.7759% | 2,396,522 | 0.2240% | 919,371 | PASSED |
thought fit, to pass a | |||||||
Special resolution to | |||||||
update and align the | |||||||
Company's Articles of | |||||||
Association with the | |||||||
Companies Act, 2015 | |||||||
and best governance | |||||||
practices as follows: | |||||||
"To adopt the revised | |||||||
Articles of | |||||||
Association, available | |||||||
on the Company's | |||||||
website | |||||||
https://www.kplc.co. | |||||||
ke/img/full/AGM20 | |||||||
23.zip, which have | |||||||
been updated in line | |||||||
with the Companies | |||||||
Act, 2015 and best | |||||||
governance practices | |||||||
in place of and to the | |||||||
exclusion of the | |||||||
existing | |||||||
Memorandum and | |||||||
Articles of Association | |||||||
of the Company." |
2. RESULTS OF ELECTION OF DIRECTORS
- The Directors appointed by the National Treasury being the Holder of Class B Ordinary Shares were as follows:
- Cabinet Secretary, the National Treasury
- Principal Secretary, State Department of Energy
- Joy Brenda Masinde
- Logan Christi Hambrick
- Albert Mugo Njagi
- The results of the election of Directors by Holders of Class A Ordinary Shares, being holders of Ordinary Shares other than those held by the National Treasury were as follows:
VOTING SUMMARY RESULTS - ENGINEERING
Aspirant | Votes Garnered | % Votes Garnered | |||
1 | James Rege | 104,973,082 | 74.72% | ||
2 | Jared Othieno | 16,805,822 | 11.96% | ||
3 | Andrew Amadi | 13,330,990 | 9.49% | ||
4 | David Mutonga | 2,557,847 | 1.82% | ||
5 | Collins Juma | 883,646 | 0.63% | ||
6 | Margaret Ogai | 875,806 | 0.62% | ||
7 | Francis Ngokonyo | 702,548 | 0.50% | ||
8 | Paul Kandie | 360,669 | 0.26% | ||
VOTING SUMMARY RESULTS - FINANCE AUDIT AND RISK | |||||
Aspirant | Votes Garnered | % Votes Garnered | |||
1 | Caleb Bwauma | 104,325,030 | 95.84% | ||
2 | Ndirangu Ngunjiri | 4,523,461 | 4.16% | ||
VOTING SUMMARY RESULTS - INFORMATION COMMUNICATION TECHNOLOGY | |||||
Aspirant | Votes Garnered | % Votes Garnered | |||
1 | Ezekiel Saina | 90,677,153 | 64.54% | ||
2 | Andrew Chege | 32,895,728 | 23.41% | ||
3 | Volemi Ikocheli | 8,837,799 | 6.29% | ||
4 | Joseph Wambati | 4,869,527 | 3.47% | ||
5 | Jerome Ochieng | 3,210,203 | 2.28% | ||
VOTING SUMMARY RESULTS - GOVERNANCE | |||||
Aspirant | Votes Garnered | % Votes Garnered | |||
1 | Ruth Muirure | 104,741,307 | 74.56% | ||
2 | Tobias Konyango | 11,624,720 | 8.27% | ||
3 | Charles Njenga | 8,436,649 | 6.01% | ||
4 | Kipkales Kale | 8,186,630 | 5.83% | ||
5 | Geoffrey Shimanyula | 3,169,196 | 2.26% | ||
6 | Lizzie Chongoti | 2,260,859 | 1.61% | ||
7 | Paul Odola | 1,700,777 | 1.21% | ||
8 | Arthur Namu | 360,272 | 0.26% | ||
Consequently, the following were duly elected as Directors by Holders of Class A Ordinary Shares:
Aspirant | Votes Garnered | % age | |
1 | James Rege | 104,973,082 | 74.72% |
2 | Caleb Bwauma | 104,325,030 | 95.84% |
3 | Ezekiel Saina | 90,677,153 | 64.54% |
4 | Ruth Muirure | 104,741,307 | 74.56% |
The Board of Directors wish to thank all our shareholders who registered and participated in this virtual Annual General Meeting.
BY ORDER OF THE BOARD
IMELDA BORE
COMPANY SECRETARY
8th December 2023
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Kenya Power and Lighting Company Ltd. published this content on 08 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2023 20:37:53 UTC.