25th May 2011 09:29
Notice of Ordinary and Extraordinary General Meetings
EFG Hermes Holding S.A.E
EFG Hermes has received the approval of the Egyptian Financial Supervisory Authority (EFSA) to send out the Company's Ordinary and Extraordinary General Meeting invitations, which entail increasing the Company's issued and paid-in capital from EGP1,913,570,000 to EGP2,104,927,000 by distributing 1 bonus share for every 10 shares held by each shareholder.
Accordingly, it has been decided to have the AGM & EGM convene at 9:00 AM and 10:00 AM respectively on Monday 13th of June, 2011 in the Joy Club Ballroom at the Mövenpick Pyramids Hotel, Giza, Egypt.
Attached are the AGM & EGM invitations.
TRANSLATION
Invitation to the Ordinary General Meeting
EFG Hermes Holding S.A.E
The Board of Directors of EFG Hermes Holding S.A.E., an Egyptian joint stock company with authorized capital of EGP 3.2 billion (EGP three billion and two hundred million) and issued and paid-in capital of EGP 1.91357 billion (EGP one billion nine hundred thirteen million five hundred and seventy thousand), registered under no. 12665 at 6th October Commercial Registry, kindly invites the shareholders of EFG Hermes 'the Company' to attend its Ordinary General Meeting, at 9:00 AM on Monday June 13th, 2011 at the Joy Club Ballroom of the Mövenpick Pyramids Hotel, Giza, to discuss the following items of the agenda:
1. Ratification of the Board of Directors' report for the fiscal year ending 12/31/2010;
2. Ratification of the auditor's report on the Financial Statements for the fiscal year ending 12/31/2010;
3. Ratification of the Financial Statements for the fiscal year ending 12/31/2010;
4. Approval of the appropriations account for the fiscal year ending 12/31/2010;
5. Approval of the transfer of EGP191,357,000 (EGP one hundred ninety one million three hundred and fifty seven thousand) from the retained earnings account as at 12/31/2010 to the share capital account, through the distribution of 1 bonus share for every 10 shares held by each shareholder;
6. Approval of the release of the Board of Directors' from liability for management for the fiscal year ending 12/31/2010;
7. Approval of the Board of Directors' remuneration and allowances for the fiscal year 2011;
8. Approval of the re-appointment of the auditors for the fiscal year 2011 and determining their fees;
9. Consider re-appointment and re-formation of the Board of Directors due to the expiry of the current Board of Directors' term;
10. Approval of the donations made in 2010 and authorization to the Board of Directors to make donations in excess of EGP1,000 during the fiscal year 2011.
In this respect, please note the following:
First: Each shareholder has the right to attend the General Meeting either in person, or by delegating another shareholder who is not a Board member. Delegation, to be valid, must be stated in a written proxy, and no shareholder, except for juridical persons, shall be entitled to represent, by proxy, a number of votes exceeding 10% of the total shares of the Company's capital and not to exceed 20% of the shares represented in the meeting.
Second: Shareholders who wish to attend the General Meeting must submit a statement of their shares deposited with a custodian, confirming that the balance of shares deposited have been temporarily blocked for purpose of attending the meeting.
Third: Any questions regarding the issues reviewed by the Ordinary General Meeting must be submitted in writing to the Company's management at the Head Office, either by registered mail or by hand delivery against receipt, at least three days prior to date of the General Meeting. Discussion in the General Meeting shall be limited to the issues listed in the agenda.
Fourth: Resolutions of the Ordinary General Meeting shall be issued by absolute majority of shares represented in the meeting.
Fifth: Attendance of the meeting is restricted to shareholders with no accompanying guests. We would like to ask the shareholders to arrive half an hour before the designated meeting time to allow for registration of attendance.
Mona Zulficar
Chairperson of the Board of Directors
TRANSLATION
Invitation to the Extraordinary General Meeting
EFG Hermes Holding S.A.E
The Board of Directors of EFG Hermes Holding S.A.E., an Egyptian joint stock Company with authorized capital of EGP 3.2 billion (EGP three billion and two hundred million) and issued and paid-in capital of EGP 1.91357 billion (EGP one billion nine hundred and thirteen million five hundred and seventy thousand), registered under no. 12665 at 6th October Commercial Registry, kindly invites the shareholders of EFG Hermes 'the Company' to attend its Extraordinary General Meeting, at 10:00 AM on Monday June 13th, 2011 at the Joy Club Ballroom of the Mövenpick Pyramids Hotel, Giza, to discuss the following items of the agenda:
1. Ratification of increasing the Company's issued capital from EGP1,913,570,000 (EGP one billion nine hundred and thirteen million five hundred and seventy thousand) to EGP2,104,927,000 (EGP two billion one hundred and four million nine hundred and twenty seven thousand) through the distribution of 38,271,400 bonus shares, one bonus share for every 10 shares held by each shareholder; after receiving the AGM's ratification on the appropriations account;
2. Amending Articles (6) and (7) of the Company's Statutes in light of the proposed capital increase.
In this respect, please note the following:
First: Each shareholder has the right to attend the General Meeting either in person, or by delegating another shareholder who is not a Board member. Delegation, to be valid, must be stated in a written proxy, and no shareholder, except for juridical persons, shall be entitled to represent, by proxy, a number of votes exceeding 10% of the total shares of the Company's capital and not to exceed 20% of the shares represented in the meeting.
Second: Shareholders who wish to attend the General Meeting must submit a statement of their shares deposited with a custodian, confirming that the balance of shares deposited have been temporarily blocked for the purpose of attending the meeting.
Third: Any questions regarding the issues reviewed by the Extraordinary General Meeting must be submitted in writing to the Company's management at the Head Office, either by registered mail or by hand delivery against receipt, at least three days prior to date of the General Meeting. Discussion in the General Meeting shall be limited to the issues listed in the agenda.
Fourth: Resolutions of the Extraordinary General Meeting shall be issued by three quarters of the shares represented in the meeting as per Article (47) of the Company's Statutes.
Fifth: Attendance of the meeting is restricted to shareholders with no accompanying guests. We would like to ask the shareholders to arrive half an hour before the designated meeting time to allow for registration of attendance.
Mona Zulficar
Chairperson of the Board of Directors
Related Shares:
Efg-hold.gdr S