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CAL
Bank retains Managing Director
Accra, June 7, Ghanadot/GNA – CAL Bank Limited has resolved
to maintain Mr. Frank Adu Jnr. as Director following a
majority vote rejecting a resolution to remove him.
The bank also rejected a resolution to appoint Mr. Afare
Apeadu Donkor, a “significant shareholder” as a director by
a majority vote of the shareholders.
These were contained in a statement issued in Accra on
Friday, signed by Mr Robert Ahomka-Lindsay, Chairman of
Board of Directors.
The statement said; “on 14 the April 2008, one of our
significant share holders, Mr. Afare Apeadu Donkor
requisitioned an Extra-ordinary General Meeting of CAL Bank
Limited, which was held on Thursday 5th June 2008.
“At the meeting the following resolutions were carried to
increase the stated capital by up to GH˘ 100 million in
tranches through a rights issue by 2012 and to appoint Dr.
Kobina Quansah, a director of the Company.”
The resolutions to remove Mr. Frank Brako Adu as a director
of the Company and appoint Mr. Afare Apeadu Donkor as a
director of the Company were to be determined by poll and
communicated to members.
The results of the poll which was collated by the Company’s
Registrar, NTHC and audited by KPMG, the Company’s external
auditors were as follows:
The resolution to remove Mr. Frank Adu as director was
rejected by a majority of the members and the resolution to
appoint Mr. Afare Apeadu Donkor as a Director was also
rejected by a majority of the members.
GNA
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