02.02.2015, 17:35
MESAIEED HOLDS AGM ON 16/2/2015 AND ANNOUNCES THE AGENDA
OREANDA-NEWS. Mesaieed Petrochemical Holding Company announces the agenda for its Ordinary General Assembly Meeting that will be conducted on Monday, 16 February 2015 at 4:30 pm (at Le Crillon Hall, La Cigale Hotel). In absence of required quorum, thesecond meeting will be conducted on Wednesday, March 4, 2015 sameplace and timing.
Agenda of the Ordinary General Assembly Meeting
1. Listen to the Chairman’s Message for the financial year ended December 31, 2014.
2. Listen to the Board of Directors Report on MPHC’s operations and financial performance for the financial year ended December 31, 2014, and the future plans of the company.
3. Listen to the Auditors’ Report on MPHC’s consolidated financial statements for the financial year ended December 31, 2014.
4. Discussion and approval of MPHC’s consolidated financial statements for the financial year ended December 31, 2014.
5. Approve the Board’s recommendation for a dividend payment of QR 1.10 per share, representing 11 % of the nominal share value.
6. Absolve the Board of Directors from responsibility for the year 2014, and approve their remuneration.
7. Presentation of the Corporate Governance Report for the year 2014.
8. Appointment of the external auditors for the financial year ending December 31, 2015 and approve their remuneration.
The agenda of the Extraordinary General Assembly meeting is: Discuss and approve the proposed amendment of the Article of Association as follows: Article 22-2 (Before change): With the exception of the first Board, the Board shall consist of no less than five (5) and no more than eleven (11) Directors, all of whom shall be appointed by the Special Shareholder without the need for approval at a General Assembly. The Special Shareholder shall take all reasonable steps to ensure that at least one-third of the total number of Directors shall be appointed as independent directors that satisfy the eligibility criteria set forth in Article 23 (the “Independent Directors”).
The Special Shareholder shall appoint such persons willing so to serve as Independent Directors for a period of no more than three (3) years. Article 22-2 (After change): With the exception of the first Board, the Board shall consist of no less than five (5) and no more than eleven (11) Directors, all of whom shall be appointed by the Special Shareholder without the need for approval at a General Assembly. In the event that the Special Shareholder considered the suitability to add independent directors, the Special Shareholder shall take all reasonable steps to ensure that at least one-third of the total number of Directors shall be appointed as independent directors that satisfy the eligibility criteria set forth in Article 23 (the “Independent Directors”). The Special Shareholder shall appoint such persons qualified to serve as Independent Directors for a period of no more than three (3) years.
1. Listen to the Chairman’s Message for the financial year ended December 31, 2014.
2. Listen to the Board of Directors Report on MPHC’s operations and financial performance for the financial year ended December 31, 2014, and the future plans of the company.
3. Listen to the Auditors’ Report on MPHC’s consolidated financial statements for the financial year ended December 31, 2014.
4. Discussion and approval of MPHC’s consolidated financial statements for the financial year ended December 31, 2014.
5. Approve the Board’s recommendation for a dividend payment of QR 1.10 per share, representing 11 % of the nominal share value.
6. Absolve the Board of Directors from responsibility for the year 2014, and approve their remuneration.
7. Presentation of the Corporate Governance Report for the year 2014.
8. Appointment of the external auditors for the financial year ending December 31, 2015 and approve their remuneration.
The agenda of the Extraordinary General Assembly meeting is: Discuss and approve the proposed amendment of the Article of Association as follows: Article 22-2 (Before change): With the exception of the first Board, the Board shall consist of no less than five (5) and no more than eleven (11) Directors, all of whom shall be appointed by the Special Shareholder without the need for approval at a General Assembly. The Special Shareholder shall take all reasonable steps to ensure that at least one-third of the total number of Directors shall be appointed as independent directors that satisfy the eligibility criteria set forth in Article 23 (the “Independent Directors”).
The Special Shareholder shall appoint such persons willing so to serve as Independent Directors for a period of no more than three (3) years. Article 22-2 (After change): With the exception of the first Board, the Board shall consist of no less than five (5) and no more than eleven (11) Directors, all of whom shall be appointed by the Special Shareholder without the need for approval at a General Assembly. In the event that the Special Shareholder considered the suitability to add independent directors, the Special Shareholder shall take all reasonable steps to ensure that at least one-third of the total number of Directors shall be appointed as independent directors that satisfy the eligibility criteria set forth in Article 23 (the “Independent Directors”). The Special Shareholder shall appoint such persons qualified to serve as Independent Directors for a period of no more than three (3) years.
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