7th Apr 2009 12:05
Summary of the Ordinary General Assembly Meeting
The Ordinary General Assembly Meeting of EFG-Hermes Holding Company was held today 7th April 2009 and resolved the following:
Ratified the Board of Directors' report for the fiscal year ending 31/12/2008;
Ratified the Auditor's Report for the fiscal year ending 31/12/2008;
Ratified the audited financial statement for the fiscal year ending 31/12/2008;
Approved the appropriation account the fiscal year ending 31/12/2008; distributing EGP0.5/share with the ex-dividend date set at Sunday 3rd May 2009 and payment date starting Thursday 7th May 2009. Further delegating the Chairperson or either of the Chief Executive Officers to change either the ex-dividend date or the cashing of dividends date as per regulatory or procedural requirements as need be;
Approved the release of the Board of Directors' from responsibility for the fiscal year ending 31/12/2008;
Approved the Board of Directors' allowances for attending the meetings in 2009 to be actual expenses;
Approved the re-assignment of the auditors (KPMG- Hazem Hassan) for the fiscal year 2008 with fees of EGP 80,000;
Ratified the donations that took place during 2008 (mainly EGP 15 million to the EFG-Hermes Foundation) and approving authorization to the Board of Directors to donate during the fiscal year 2009 amounts greater than EGP 1,000 including EGP 12 million to the EFG-Hermes Foundation.
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