Invitation to the shareholders to attend the Ordinary General Assembly Meeting of Ezdan Holding Group
The Board of Directors of Ezdan Holding Group is honored to invite the esteemed Shareholders to attend the Ordinary General Meeting of the Group, to be held on Sunday April 16th, 2017 at 6:00 pm in Ezdan Towers Dafna. In case the quorum required is not attained, a second meeting shall be held at the same time and venue on Sunday April 30st, 2017 to discuss the following:
Agenda of the Ordinary General Meeting for the financial year ended 31/12/2016:
Listen to the Chairman of the Board of Directors speech, discuss the Board of Directors’ report on the Group’s activities and financial position for the year ended 31/12/2016, and review the future plans of the Group for the year 2017.
Discuss the auditors’ report on the activities of the Group and its financial position for the year ended December 31, 2016.
Discuss and approve the Group balance sheet and profit / loss account for the year ended December 31, 2016.
Approve recommendation of the Board of Directors on the distribution of cash dividends of (5%), equivalent to 50 dirhams per share.
Consider and endorse the Corporate Governance report for the year 2016.
Absolve the members of the Board of Directors of any liability for the year ended December 31, 2016 and determine their remuneration.
Approve the appointment of an auditor for the year 2017, and determine his fees.
We draw the kind attention of the shareholders to the following:
Shareholders are kindly requested to arrive to the meeting venue at least one hour early to complete the registration process and to organize the list of attendees’ names and the number of shares of each of them.
Minors and incompetent persons shall be represented by their legal representatives.
Proxies may attend meetings on behalf of their principals provided that they must be shareholders too. The proxy agreement shall be exclusive and in writing. The shareholder may not nominate a member of the Board of Directors to represent him and act on his behalf in the General Assembly meetings. In all cases, the number of shares held by a proxy, in this capacity, shall not exceed 5% (Five percent) of the capital of the Company.
Any shareholder, other than juridical persons, shall not have a number of votes exceeding 25% (Twenty five percent) of the number of votes accorded to the shares of those present at the meeting.