Times Of Swaziland: DIRECTORS OF LUBOMBO CATERING  IN COURT BATTLE OVER DIVIDENDS

DIRECTORS OF LUBOMBO CATERING  IN COURT BATTLE OVER DIVIDENDS
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BY MBONGISENI NDZIMANDZE  on 12/01/2017 23:55:00


MBABANE - Directors of Lubombo Catering Services (PTY) Limited, a company which
manages Simunye Country Club, are embroiled in a court battle over dividends.
James Mvubu and Bheki Nhlabatsi have since filed an application in the High
Court where they are among other things seeking an order directing Thea
Litschka, Martin Litschka, Dorothea Litschka, Vusi Matse and David Keon to call
an extra-ordinary meeting.
During the extra-ordinary meeting, they want the other directors, who have been
cited as respondents, to declare and pay dividends to each and every shareholder
what was due and payable.
They further want the respondents at that extra-ordinary general meeting to
produce audited books of accounts.
Mvubu is further seeking an order directing that he be paid.
In his founding affidavit, Mvubu stated that in April 2006, Lubombo Catering
Services was incorporated as a company. He alleged that they were the first
directors of the company with Nhlabatsi.
Mvubu submitted that when the company was incorporated, of the 100 shares that
were available, he had 50 per cent shares and Nhlabatsi also had the same
shares.
He alleged that in 2006, Dorothea joined them as a third shareholder and on June
20, 2009, they were joined by Anne Vogerbruck as a director and shareholder but
she resigned on May 24, 2010.