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L'azurde Company for Jewelry invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) (Reminder)

LAZURDE 4011 39.44% 16.90 4.78

The Board of Directors of L'azurde for Jewelry Company is pleased to invite its shareholders to attend the Company's Annual General Assembly Meeting (the first Meeting) to be held at 8:30 p.m. on Sunday, the 22nd of April 2018 (6th Sha'ban 1439H) at Commercial Chamber headquarter in Riyadh, Prince Abdulaziz Ibn Musaid Ibn Jalawi, Al Murabba district, Google map link is as follows:

https://goo.gl/maps/HDgnGHqwgkC2

To vote on the following Agenda:

1. To vote on the Board of Directors' Annual Report for the financial year ended 31 December 2017.

2. To vote on the Consolidated Financial Statements for the financial year ended 31 December 2017.

3. To vote on the External Auditor's report for the financial year ended 31 December 2017.

4. To vote on Board of Directors' election among nominees for the upcoming term for three years that starting at 26th April 2018. (The nominees CV's attached)

5.To vote on the Audit Committee formation, determine its duties, and rules of work and remunerations of its members for upcoming term that starts on 26th April 2018 for three years. The candidates are as follows: (Attached CV's)

a. Mr. Rabih Michel Khouri, Chairman and specialist in finance and accounting matters;
b. Mrs. Sabah Khalil Ebrahim Almuayyed, Member
c. Mr. Brian Norman Dickie, Member
d. Mr. Adel Abdullah Saleh Al-Maiman, Member

6. To vote on board of directors' remunerations for the financial year ended 31 December 2017, equal to SAR 1,279,500.

7. To vote on board of directors' recommendation to not distribute dividends for the year ended 31 December 2017.

8. The voting on the business and contracts between the company and the board member, Mr. Brian Norman Dickie, which has direct interest. This is a consulting services agreement with a total value of SR 502,500 and license for the coming year, noting that the transaction value for 2017 equal SAR 502,500.(Attachment)

9. To vote on release the Board of Directors' members from liability for the financial year ended 31 December 2017.

10. To vote on authorizing the Board of Directors to distribute interim cash dividends to the shareholders on biannual or quarterly basis for the financial year 2018 and setting the entitlement and payment dates according to the regulatory rules and procedures issued to implement Company's Law.

11. To vote on the appointment of the External Auditors recommended by the Audit Committee among the nominees to review the Company interim financial statements for Q1,Q2,Q3 2018, Q1 2019 and audit the annual audited financial statements for the year 2018, and approve their remuneration.

Each shareholder registered in the shareholders register in Securities Depository Center Co. (The Center) by the end of the trading session prior to the general assembly meeting has the right to attend the General Assembly Meeting, whether in person or by proxy, subject to presentation of corroborating evidence (Commercial Registration if the shareholder is a company) or a written power of an attorney endorsed by the Chamber of Commerce, a licensed bank or an Authorized Person in the Kingdom, provided that the authorizing shareholder holds an account with the attesting bank or Authorized Person, Notary public or Persons licensed for attesting. The Authorization could be to another shareholder, other than a member of the Board of Directors or employee of the Company, to attend on their behalf. The shareholder or its proxy must deliver a copy of the proxy letter to the Company at least two days prior to the assembly meeting, and the proxy shall present the original proxy letter prior to the assembly meeting.

As per the article (32) of Company's bylaws, the Ordinary General Assembly Meeting will reach its quorum with 25% of the Company share capital. If such quorum is not available in the first meeting, a second meeting will be held within one hour after the first meeting. The quorum for the second meeting will be the presence of shareholders regardless representing percent. Shareholders are requested to arrive 30 minutes prior to the commencement of the meeting in order to complete the necessary registration procedures.

L'azurde Company would like to notify its shareholders that electronic voting will be available to enable them to vote on the items of its Ordinary General Assembly Meeting. Shareholders who are registered in Tadawulaty services portal can vote online starting from Wednesday, 18 April 2018 at 10:00 a.m. until 4:00 p.m. of same day of the EGM. So we invite our shareholders to participate and vote online, by visiting Tadawulaty website on the link below (please note that Tadawulaty registration is free and available to all shareholders).

https://www.tadawulaty.com.sa

For any inquiry please contact Investor Relations at:
P: +966 11 265 1119
F: +966 11 265 6060
E: [email protected]
P.O.Box 41270 Riyadh 11521

Lazurde Company for Jewelry Ordinary General Meeting attachments

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