SOLOMON Stockbrokers Limited
A Member of Dar es Salaam Stock Exchange
SOLOMON Stockbrokers Limited
A Member of Dar es Salaam Stock Exchange
SOLOMON Stockbrokers Limited
A Member of Dar es Salaam Stock Exchange
SOLOMON Stockbrokers Limited
A Member of Dar es Salaam Stock Exchange

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SWALA FARMS OUT 25% OF LICENCE INTERESTS TO TATA PETRODYNE LIMITED
Swala Oil and Gas (Tanzania) Plc ("Swala" or "the Company") is pleased to announce that it has reached agreement with Tata Petrodyne Limited ("TPL"), a subsidiary of the multinational Tata Sons Limited, under which TPL shall farm into the Pangani and Kilosa-Kilombero licences in Tanzania. This allows Swala to remain committed to these licences and to secure funding for future exploration activities in a way that minimises the risk to its current shareholders.

Tata Sons Limited is the promoter of the major operating Tata companies and holds significant shareholdings in these companies, commonly referred to as the Tata Group. The Tata Group has a market capitalisation of approximately US$110 billion and represents over 8% of the total market capitalisation of the Bombay Stock Exchange.

In the oil and gas industry, a farm-out agreement is an agreement entered into by the owner of one or more licences (who ‘farms out’) and another company that wishes to acquire a percentage of ownership of that licence in exchange for providing services (and ‘farms in´). A farm-out agreement differs from a conventional transaction between two oil and gas lessees, because the primary consideration is the rendering of services, rather than the simple exchange of money.

The terms of the agreement with TPL:

  • On receipt of governmental approvals for the transfer of interest TPL will pay Swala the sum of US$5.7 million for a 25% equity interest in the Kilosa-Kilombero licence and a 25% equity interest in the Pangani licence as consideration towards the past costs incurred on the licences;
  • TPL will free carry Swala through the costs of the initial well on the Kilosa-Kilombero licence, up to a maximum of US$2.5 million (Swala estimates the gross cost of the well to be US$10.0 million);
  • TPL will free carry Swala through the costs of the initial well on the Pangani licence, up to a maximum of US$2.125 million (Swala estimates the gross cost of the well to be US$8.5 million); and
  • TPL will pay Swala up to a further US$1.0 million towards the cost of a second well following a commercial discovery in the initial well on the Kilosa-Kilombero licence. Costs incurred above this sum shall be shared by the partners in proportion to their equity.

Further details can be obtained through the link below
http://dse.co.tz/sites/default/files/dsefiles/Farm-in%20Press%20release%...

DCB NOTICE OF THE END OF TENURE OF THE BOARD OF DIRECTORS

Pursant to the continuing listing obligation, DCB has hereby informed the Exchange of that the board directorship tenure of Mr. Makinya Kapuli Migetto and Mrs. Sophia Mjasiri Emesu expired on 31st May 2015.

The link below is reference letter from DCB to Dar es Salaam Stock Exchange 
http://dse.co.tz/sites/default/files/dsefiles/scan0005.pdf

NOTICE OF THE 15th ANNUAL GENERAL MEETING OF THE MEMBERS OF
NATIONAL MICROFINANCE BANK (NMB) PLC

Notice is hereby given that the 15th Annual General Meeting of NMB shareholders will be held at the
Julius Nyerere International Convention Centre in Dar es Salaam on Saturday, 6th June, 2015 at
10.00 a.m. The agenda will be as follows:

15.1 NOTICE AND QUORUM
15.2 ADOPTION OF THE AGENDA
15.3 CONFIRMATION OF THE MINUTES OF THE 14TH ANNUAL GENERAL
MEETING HELD ON 6TH JUNE 2014
15.4 MATTERS ARISING FROM THE PREVIOUS MINUTES
15.5 TO RECEIVE, CONSIDER AND ADOPT THE DIRECTORS’ REPORT AND
AUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31st
DECEMBER 2014
15.6 DIVIDEND DECLARATION FOR THE FINANCIAL YEAR 2014
15.7 TO RECEIVE AND APPROVE THE PROPOSAL FOR DIRECTORS’
REMUNERATION
15.8 RESIGNATION AND APPOINTMENT OF DIRECTORS
15.9 TO RECEIVE AND APPROVE APPOINTMENT OF EXTERNAL
AUDITORS FOR THE FINANCIAL YEAR 2015
15.10 ANY OTHER BUSINESS

IMPORTANT NOTES:
1. Members wishing to attend the meeting must come with one of the following: a copy of his/her
depository receipt, passport, voters ID card, or bank card.

2. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and
vote on his/her behalf in accordance with the provisions of the Articles of the Company. The proxy
form must be deposited at the registered office of the company not later than 10.00 am Friday, 5th
June 2015.

3. Members wishing to attend the meeting will have to attend at their own cost. Copies of annual
report and proxy forms will be available in NMB branches.

4. Directors propose payment of a dividend of TZS 104 per share, amounting to TZS 52 billion out
of 2014 profit. In 2013, a dividend of TZS 90 per share, amounting to TZS 45 billion was approved
and paid.

Date of announcement of results: - 8th May 2015
Shares trading cum div: - 8th May 2015
Last day of trading cum-dividend: - 27th May 2015
Shares start trading ex-div: - 28th May 2015
Register Closing Date (Books Closure Date) - 1st June 2015
Payment of dividend: - on or about 17th June 2015

By order of the Board.
___________________
Lilian R. Komwihangiro
Company Secretary
May 11th, 2015

Pursuant to the resolution for the Rights Issue which was passed at the Annual General Meeting (AGM) of CRDB Bank Plc. held on 9th May, 2015 and subsequent approvals by the regulators, the Directors of CRDB Bank Plc hereby announce the issuance of the Rights shares in the ratio of one (1) New Ordinary Share for every five (5) Ordinary Shares to the Shareholders who will be on the Bank’s Register of Members at the close of business on Thursday, 18th June 2015 (Record Date).

 
The Rights Issue is fully underwritten. 

Timetable of Principal Events will be as follows:

Activity Time
Record Date (Cut-off Date) 18th June 2015
Distribution of IM and PALs to Eligible Shareholders 22nd June 2015
Commencement of the Rights Issue 26th June 2015
Closing Date 16th July 2015
Announcement of Offer Results 10th August 2015
Listing and Commencement of Trading at the DSE 14th August 2015

For more information Shareholders are advised to read the Information Memorandum and the Provisional Allotment Letter that will be posted to them. The Information Memorandum can be obtained from all CRDB Bank branches country wide, the Dar es Salaam Stock Exchange (DSE), Stock Brokers’ offices and can also be accessed through the Bank’s website, www.crdbbank.com
 
 
By Order of the Board

Company Secretary
12th June, 2015

NMB logoThe NMB Managing Director - Ineke Bussemaker hands over a dummy cheque of TZS 16.5 Billion to the minister of Finance - Saada Mkuya as the government’s dividend from the bank after a net profit after tax of TZS 155.6 Billion in 2014. The board of directors then approved TZS 52 Billion as dividend to shareholders. The government being the second largest shareholder with 31% had a dividend of TZS 16.5 Billion. 

Follow the link below to see more from our facebook page
https://www.facebook.com/dsetanzaniia/photos/a.230249750461814.107374182...

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