| Meeting Content |
Meeting Decision |
| Company Symbol |
PALTEL |
| Currency |
JD |
| ISIN Number |
PS5002111951 |
| Meeting Date |
13/04/2020 |
| Meeting Day |
Tuesday |
| Meeting Time |
13:00 |
| GAM Type |
Ordinary |
| Meeting Location |
Company HQ in Ramallah and Gaza |
| Fiscal Year |
2019 |
| Meeting Invetation Party |
Board Member |
| Meeting adjourned Time |
13:40 |
| Meeting Chairman |
Arab Supply and Trading Co. ASTRA/Ammar AbdelMonam Fouzi Aker |
| Meeting Recorder |
Khalil Saafeen |
| PEX Representative |
- |
| PCMA Representative |
Barraq Nabulsi |
| Controller/Registrar (or his representative)v |
Tareq Masri |
| Number of attending shareholders in person |
62 |
| Number of shareholders who represented by proxy |
19 |
| Number of shares represented in the meeting in person |
85610344 |
| Number of shares represented in the meeting by proxy |
6462082 |
| Total Number of shares presented in the meeting (in person and by proxy) |
92072426 |
| لإhe ratio for the shares presented to the company total No. of shares% |
70 |
| Last Updated Date of Agenda |
06/04/2020 09:51:27 AM |
Cash Distribution
The Board of Directors recommended to the General Assembly the distribution of JOD 0.40 cash dividends per share for the year 2019 (40% of share par value).
.
Agenda
- Discuss and approve the Board of Directors' report for the financial year ended 31/12/2019.
- Discuss and approve the auditor's report for the financial year ended 31/12/2019.
- Discuss and approve the financial statements of the company for the financial year ended 31/12/2019.
- Discharge the members of the Board of Directors for the exercise of their mandates for the financial year ended 31/12/2019.
- Elect of the Company's auditors for the year 2020.
.
Company Data Before Corporate Action
| Authorized Capital BCA |
Subscribed Capital BCA |
Par Value BC |
Paid-In Capital BCA |
No. of Outstanding Shares BC - Share |
Issued share Price |
| 131625000 |
131625000 |
1 |
131625000 |
131625000 |
4.1 |
GAM Recommendations of Corporate Actions
| Cash Distribution Value |
Cash Distribution Ratio |
Cash Distribution Record Date |
Cash Distribution Last Day to Participate |
Cash Distribution Payment Date |
| 52650000 |
40 |
13/04/2020 |
19/03/2020 |
13/06/2020 |
| Cash Distribution |
Approved the Board of Directors’ recommendation regarding the distribution of cash dividends of 40% of the par value of the share for the financial year ended 31/12/2019 (share par value = 1 Dinar)
|
| Decision |
- Approved the Board of Directors' report for the financial year ended 31/12/2019.
- Approved the auditor's report for the financial year ended 31/12/2019.
- Approved the financial statements of the company for the financial year ended 31/12/2019.
- Discharged the members of the Board of Directors for the exercise of their mandates for the financial year ended 31/12/2019.
- Elected Ernst & Young as external auditors for the company for the financial year 2020.
|
|
| Company Data Before Corporate Action |
| Authorized Capital BCA |
Subscribed Capital BCA |
Par Value BC |
Paid-In Capital BCA |
No. of Outstanding Shares BC - Share |
Issued share Price |
| 131625000 |
131625000 |
1 |
131625000 |
131625000 |
4.1 |
|
| Approved Corporate Action by General Assembly |
| Dividends Information |
| Cash Distribution Value |
Cash Distribution Ratio |
Cash Distribution Record Date |
Cash Distribution Last Day to Participate |
Cash Distribution Payment Date |
| 52650000 |
40 |
13/04/2020 |
19/03/2020 |
13/06/2020 |
|
Board Attendance
| Sabih Taher Darwish Masri |
Chairman of the Board |
Absent |
| Aswaq for investment portfolios/Basem Mohammad Mustafa Abdelhalim |
Board Member |
Absent |
| Arab Supply and Trading Co. ASTRA/Ammar AbdelMonam Fouzi Aker |
Board Member |
Personally Attended |
| Palestine Development &Investment Co.Ltd/Sameer Othman Mahmoud Hlilh |
Board Member |
Absent |
| GMS Holdings/Ghayath Muner Reda Sukhtian |
Board Member |
Absent |
| Palestine Development &Investment Co.Ltd/Sharhabil Yousef Saad Eldin Al-Zaeem |
Board Member |
Attended Through Video Conference |
| Birzeit Pharmaceutical Co/Talal Kathem Abdellah Naser Eldin |
Board Member |
Absent |
| Al-Maseera International Company/Zahi Wadih Khoury |
Board Member |
Absent |
| Palestine Development &Investment Co.Ltd/Laith Muneb Rashid Al-Masri |
Board Member |
Absent |
| Cairo Amman Bank/Yazid Mufti |
Board Member |
Absent |
| Arab Bank Company/Basel Fayez Musa AbdelNabi |
Board Member |
Absent |
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