(1) All business transacted at a special meeting of shareholders, and all business transacted at an annual meeting of shareholders, is special business, except—
(a) the consideration of the financial statements;
(b) the directors' report, if any;
(c) the auditor's report, if any;
(d) the sanction of dividends;
(e) the election of directors; and
(f) the re-appointment of the incumbent auditor.
(2) Notice of a meeting of shareholders at which special business is to be transacted shall state—
(a) the nature of that business in sufficient detail to permit the shareholder to form a reasoned judgment thereon; and
(b) the text of any special resolution to be submitted to the meeting.