It was all smiles at EMO Farm Sergoek formerly Kruger Farm during the Special AGM.
Everyone felt at home this being the second meeting to be held in one of its assets. Shareholders expressed joy and gratitude as they felt that their money was being put in good use.
More than a thousand Shareholders thronged the farm in Eldoret for the Special Annual General Meeting on Thursday, the 5th of April 2012. Top on the agenda was the issue of acquisition of the 25 per cent shareholding in a Commercial Bank. Hon Samuel Arap Ng’eny chaired the meeting assisted by Rev. John Sang’ut (director) who was the day’s MC.
The Company Secretary through his representative read through the agenda of the day as well as the Directors’ resolutions regarding the acquisition of the bank. The Chairman of the meeting, Hon Ng’eny, who has vast experience, guided the members in passing all the resolutions presented by the board in an orderly manner.
The Patron, Bishop Kosgey also gave a brief recap of the previous Directors’ meetings that saw the re-election of Dr. Kipng’etich as the Chairman of the board of directors of the company and Hon. Samuel Arap Ng'eny as the Vice Chairman.
Shortly thereafter the floor was opened for the shareholders to share their thoughts and reflections on the same and a word or two of all thumbs-up resonated in all speakers’ speeches. It was clear that all of them were happy about the recent developments in EMO.
To start with was the buying of the Kruger Farm though not all of it, the piece acquired is something to brag about. Second is the acquisition of 25 per cent shareholding in a commercial bank of which transaction is soon to be finalized.
Mr. Chelimo, the Operations Manager soon after took the stage and informed the shareholders of more projects that the company had in store for the members.
He was grateful for the continued support given by members and urged them not to tire doing the same for a little bit more time as the company already sees light at the end of the tunnel. He further gave guidelines on how the money for the 25per cent of the bank was to be raised.
He urged them to renew their membership and encouraged existing shareholders to take advantage of the Rights Issue offered to them.
Bishop Kosgey being the Society’s patron followed with his powerful speech of encouragement and warned the members against those who have tainted the society’s name in the past. Indeed in every market place there is a mad man and EMO couldn’t miss one or two malicious guys against our society.
He encouraged the shareholders that there is nothing good that comes without hard work and stressed on how good it is when people come together as a community and determine their future. He also stressed on political unity and urged the audience to determine their political destiny by voting in focused flag bearers.
The meeting came to close a few minutes past 4 PM.