Saudia Dairy & Foodstuff Company (SADAFCO) invites its shareholders to the Extraordinary General Assembly Meeting (First Meeting)(Reminder)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudia Dairy & Foodstuff Company (SADAFCO) is pleased to invite its shareholders to attend the Extraordinary General Assembly meeting (First Meeting). The meeting will be held at Jeddah Hilton Hotel – AMWAJ Hall - on Tuesday 11/04/1440 (Om Al Qura calendar) corresponding to 18/12/2018 at 6:30 pm. |
| City and Location of the General Meeting | Jeddah Hilton hotel – AMWAJ Hall. |
| Hyperlink of the meeting location | http://bit.do/agmlocaiton |
| Date of the General Meeting | 2018-12-18 Corresponding to 1440-04-11 |
| Time of the General Meeting | 18:30 |
| shareholding Eligibility to attend general assembly meeting | Registered shareholders in the Company's shareholder register held by the Securities Depository Center by the end of the trading session prior to the assembly meeting are entitled to attend the Extraordinary General Assembly Meeting as per the Rules and Regulations. Please note that the eligibility of registering attendance of the meeting will end by the commencement of the meeting, and the eligibility of voting on the assembly items will be no longer valid by the end of vote-counting by the counting committee. |
| Quorum as percentage of shareholding | The EGM shall be held unless attended by shareholders owning at least one-half of Share Capital. If such quorum is not present, a second meeting shall be held after a lapse of an hour from the preceding meeting. The second meeting shall be deemed valid if attended by at least one-fourth of Share Capital. |
| General Meeting Agenda | 1- Voting on purchase upto 3,250,000 company shares to be used as treasury shares. Purchase of shares will be funded from the company’s resources, and authorizing the BOD to finalize the purchase transaction, in one or several phases, within a maximum period of twelve (12) months from the date of the above mentioned Extraordinary General Assembly Meeting.
2- Voting to hold the purchased treasury shares for a period up to 5 years. After the elapse of this period, the company will follow the necessary regulatory rules 3- Voting on amending article (23) of the company’s Bylaws powers & responsibilities of the BOD (as per attached). |
| E-Vote | The shareholders registered in Tadawulaty services may vote remotely on the
agenda of the General Assembly Meeting starting at 10:00 AM on Friday 07/04/1440 corresponding to 14/12/2018 until 4:00 PM on the day of the meeting. Registration and voting will be available free of charge through the (e-voting) services at: https://www.tadawulaty.com.sa |
| Additional Information | Shareholders unable to attend on time and wish to authorize a representative by proxy (other than the members of the Board of Directors and the Company’s employees) shall send a copy of the necessary documents of authorization with an attestation by Chambers of Commerce and Industry (if the shareholder is a member of the same, a company, or a legal entity); 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; or Notary public or Persons licensed for attesting. The copy of the proxy must be sent to the Company at least two days prior to the EGM at the following address:
Saudia Dairy & Foodstuff Company (SADAFCO) (Shareholders Affairs) P.O. Box: 5043 Jeddah 21422. The original proxy must be brought on the day of meeting, along with a copy of the national identity card. For any query please call: 0126293366 (Ext 280) |
| Attached Documents |  |
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