No Babereki AGM again :: Mmegi Online

Whilst it was expected that Babereki Investments, a wholly owned Botswana Public Employees Union (BOPEU) company will finally convene its 2019 Annual General Meeting (AGM) this year, the impending Court cases between the rival camps continue to stop the meeting from taking place.

After several postponements in the past due to legal battles between the company’s Board members and the shareholders at BOPEU, the AGM was set to take place on April 24, 2021 in Palapye on the direction of the Court of Appeal (CoA).

However, a fresh legal battle ensued after the two rival factions of the union submitted parallel lists for the AGM, which subsequently forced the court to postpone the meeting indefinitely to decide on the legitimacy of the lists to attend the AGM. The meeting was expected to discuss, amongst others, the appointment of and/or removal of directors.

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