| Meeting Content |
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| Company Name |
| ARAB PALESTINIAN INVESTMENT - APIC |
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| Company Symbol |
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| Currency |
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| ISIN Number |
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| Meeting Date |
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| Meeting Day |
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| Meeting Time |
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| GAM Type |
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| Meeting Location |
| Millennium Hotel- Ramallah |
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| Fiscal Year |
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| Meeting Invetation Party |
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| Meeting adjourned Time |
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| Meeting Chairman |
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| Meeting Recorder |
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| PEX Representative |
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| PCMA Representative |
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| Controller/Registrar (or his representative)v |
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| Number of attending shareholders in person |
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| Number of shareholders who represented by proxy |
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| Number of shares represented in the meeting in person |
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| Number of shares represented in the meeting by proxy |
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| Total Number of shares presented in the meeting (in person and by proxy) |
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| لإhe ratio for the shares presented to the company total No. of shares% |
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First: Whereas APIC intends to acquire 50% of the registered share capital of Medical Supplies & Services Co. Ltd (MSS); APIC, jointly with an affiliate company, shall become the owner of 100% shareholding of the share capital of MSS by virtue of a strategic transaction whereby APIC will be acquiring the entire shareholding of Dr. Walid Kayyali. The value of this transaction will be settled by APIC through a private placement of 7,000,000 Seven Million Shares from the authorized share capital of APIC, being 100,000,000 One Hundred Million US Dollars, at an issuance price of US Dollar 2.15 per each share in favor of Dr. Walid Kayyali.
As such, the following matters will be discussed and ratified:
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Issuance of 7,000,000 Seven Million Shares from the authorized share capital of APIC being 100,000,000 One Hundred Million US Dollars through a private placement in favor of Dr. Walid Kayyali, following which the registered and paid-in share capital of APIC becomes 82,000,000 Eighty Two Million US Dollars of the authorized share capital of 100,000,000 One Hundred Million US Dollars.
Second: Authorize the Chairman of the Board of Directors to proceed in completing all relevant procedures as required for the achievement of the aforementioned purpose from all its aspects including those pertaining to its substance, form, legal and financial. For this purpose, the Chairman of the Board shall be empowered, on behalf of the Company, to sign all contracts and undertake the necessary commitments, guarantees and applications relevant to the subject in question in addition to taking the necessary decisions including authorizing individuals or entities to ensure proper execution of what is contained in the extra ordinary general meeting.
Third:
Any other matter suggested by the general assembly of the company shall also be enlisted to the meeting’s agenda provided it falls within the scope of work of the extraordianry general assembly.
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| Capital Increase |
First:�Whereas APIC intends to acquire 50% of the registered share capital of Medical Supplies & Services Co. Ltd (MSS); APIC, jointly with an affiliate company, shall become the owner of 100% �shareholding of the share capital of MSS by virtue of a strategic transaction whereby APIC will be acquiring the entire shareholding of Dr. Walid Kayyali. The value of this transaction will be settled by APIC through a private placement of 7,000,000 Seven Million Shares from the authorized share capital of APIC, being 100,000,000 One Hundred Million US Dollars, at an issuance price of US Dollar 2.15 per each share in favor of Dr. Walid Kayyali.
As such, the following matters will be discussed and ratified:
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Issuance of 7,000,000 Seven Million Shares from the authorized share capital of APIC being 100,000,000 One Hundred Million US Dollars through a private placement in favor of Dr. Walid Kayyali, following which the registered and paid-in share capital of APIC becomes 82,000,000 Eighty Two Million US Dollars of the authorized share capital of 100,000,000 One Hundred Million US Dollars.
Second
:�Authorize the Chairman of the Board of Directors to proceed in completing all relevant procudres as required for the achivement of the aforementioned purpose from all its aspects including those pertaining to its substance, form, legal and financial. For this purpose, the Chariman of the Board shall be empowered, on behalf of the Company, to sign all contracts and undertake the necessary commitments, guarantees and applications relevant to the subject in question in addition to taking the necessary decisions including authorizing individuals or entities to ensure proper execution of what is contained in the extra ordinary general meeting.
Third:�
Any other matter suggested by the general assembly of the company shall also be enlisted to the meeting’s agenda provided it falls within the scope of work of the extraordianry general assembly.
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| Capital Increase |
First:�Whereas APIC intends to acquire 50% of the registered share capital of Medical Supplies & Services Co. Ltd (MSS); APIC, jointly with an affiliate company, shall become the owner of 100% �shareholding of the share capital of MSS by virtue of a strategic transaction whereby APIC will be acquiring the entire shareholding of Dr. Walid Kayyali. The value of this transaction will be settled by APIC through a private placement of 7,000,000 Seven Million Shares from the authorized share capital of APIC, being 100,000,000 One Hundred Million US Dollars, at an issuance price of US Dollar 2.15 per each share in favor of Dr. Walid Kayyali.
As such, the following matters will be discussed and ratified:
-
Issuance of 7,000,000 Seven Million Shares from the authorized share capital of APIC being 100,000,000 One Hundred Million US Dollars through a private placement in favor of Dr. Walid Kayyali, following which the registered and paid-in share capital of APIC becomes 82,000,000 Eighty Two Million US Dollars of the authorized share capital of 100,000,000 One Hundred Million US Dollars.
Second
:�Authorize the Chairman of the Board of Directors to proceed in completing all relevant procudres as required for the achivement of the aforementioned purpose from all its aspects including those pertaining to its substance, form, legal and financial. For this purpose, the Chariman of the Board shall be empowered, on behalf of the Company, to sign all contracts and undertake the necessary commitments, guarantees and applications relevant to the subject in question in addition to taking the necessary decisions including authorizing individuals or entities to ensure proper execution of what is contained in the extra ordinary general meeting.
Third:�
Any other matter suggested by the general assembly of the company shall also be enlisted to the meeting’s agenda provided it falls within the scope of work of the extraordianry general assembly.
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(*) Data not available in English |
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| No. of Outstanding Shares BC - Share |
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| 100000000 |
75000000 |
1.000 |
75000000 |
75000000 |
2.300 |
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| No. of Outstanding Shares AC - Share |
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| Capital Increase |
82000000 |
82000000 |
82000000 |
7000000 |
Private Secondary Offer |
1.1500000000 |
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| 100000000 |
1.000 |
n/a |
n/a |
n/a |
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