Meeting Status :
Meeting hold
| Meeting Content |
Meeting Decision |
| Company Symbol |
APIC |
| Currency |
USD |
| ISIN Number |
PS4010112960 |
| Meeting Date |
20/05/2020 |
| Meeting Day |
Thursday |
| Meeting Time |
12:00 |
| GAM Type |
Ordinary |
| Meeting Location |
APIC's premises, Ramallah, Palestine |
| Fiscal Year |
2019 |
| Meeting Invetation Party |
Board Member |
| Meeting adjourned Time |
12:25 |
| Meeting Chairman |
Tarek Omar A Alaggad |
| Meeting Recorder |
Fida Musleh/Azar |
| PEX Representative |
Ahmad Aweidah |
| PCMA Representative |
Murad Jadbeh |
| Controller/Registrar (or his representative)v |
Mager Zibn |
| Number of attending shareholders in person |
64 |
| Number of shareholders who represented by proxy |
42 |
| Number of shares represented in the meeting in person |
47319530 |
| Number of shares represented in the meeting by proxy |
18681046 |
| Total Number of shares presented in the meeting (in person and by proxy) |
66000576 |
| لإhe ratio for the shares presented to the company total No. of shares% |
74.2 |
| Last Updated Date of Agenda |
05/05/2020 10:33:17 AM |
Agenda
-
Review, discuss, approve and ratify the report of the Board of Directors of APIC for the year 2019. To review APIC's annual report, please visit the company's website on the following link:
-
Review, discuss, approve and ratify the auditor’s report and the financial statements for the year ending December 31, 2019.
-
Elect APIC’s auditors for the year 2020 and authorize the Board of Directors to set their remuneration.
-
Discuss the matter of dividend distribution and adopt the appropriate decision accordingly.
-
Exonerate members of the board of directors for the fiscal year ending December 31, 2019.
.
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 |
| 100000000 |
89000000 |
1 |
89000000 |
89000000 |
2.65 |
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 |
| 6000000 |
0.0674157303 |
27/05/2020 |
19/05/2020 |
20/07/2020 |
Corporate Actions Details
| Corporate Action Type |
Subscribed Capital ACA |
Paid-In Capital ACA |
No. of Outstanding Shares AC - Share |
No. of CA Values |
Dividend - Capital Increase/ Decrease Ratio per par value |
Dividends in Shares |
Issued Share Price ACA |
| Stock Dividends |
95000000 |
95000000 |
95000000 |
6000000 |
0.0674157303 |
6000000 |
2.48 |
Company Data in case of Approving Corporate Action
| Authorized Capital ACA |
Par Value AC |
| 100000000 |
1 |
Meeting Status :
Meeting hold
| Decision |
-
The General Assembly approved the report of the Board of Directors of the company for the year 2019.
-
The General Assembly approved the auditor’s report and the financial statements for the year ending December 31, 2019.
-
The General Assembly elected Deloitte & Touche Middle East as the Auditors of the company for the year 2020 and authorized the Board of Directors to set their remuneration.
-
The General Assembly ratified the recommendation of APIC''s Board of Directors in relation to dividend distribution of 13.48% of the company''s paid-in capital for registered shareholders of record as at May 20, 2020 as follows:
- Cash dividend amounting to USD 6 million, representing 6.74%.
- Share dividend amounting to 6 million shares, representing 6.74%.
- The General Assembly exonerated the members of the board of directors for the fiscal year ending December 31, 2019.
|
| Stock Dividends |
The General Assembly ratified bonus shares distribution amounting to 6 million shares, representing 6.74% of APIC''s paid-in capital.
|
| Cash Distribution |
The General Assembly ratified cash dividenddistribution amounting to USD 6 million, representing 6.74% of APIC's paid-in capital.
|
|
| 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 |
| 100000000 |
89000000 |
1 |
89000000 |
89000000 |
2.65 |
|
| 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 |
| 6000000 |
0.0674157303 |
27/05/2020 |
19/05/2020 |
20/07/2020 |
|
| Corporate Actions Details |
| Corporate Action Type |
Subscribed Capital ACA |
Paid-In Capital ACA |
No. of Outstanding Shares AC - Share |
No. of CA Values |
Dividend - Capital Increase/ Decrease Ratio per par value |
Dividends in Shares |
Issued Share Price ACA |
| Stock Dividends |
95000000 |
95000000 |
95000000 |
6000000 |
0.0674157303 |
6000000 |
2.48 |
|
| Company Data After Approving Corporate Action |
| Authorized Capital ACA |
Par Value AC |
| 100000000 |
1 |
|
Meeting Status :
Meeting hold
Board Attendance
| Tarek Omar A Alaggad |
Chairman of the Board |
Attended Through Video Conference |
| AL-SAID LTD/Tareq T. F. Shakaa |
Deputy Acting Chairman of the Board |
Personally Attended |
| Birzeit Pharmaceutical Co/Firas Kazem Abdallah Naser eddin |
Board Member |
Personally Attended |
| BCI Company/Said Labib Said Baransi |
Board Member |
Personally Attended |
| Fouad N. J. Qattan |
Board Member |
Attended Through Video Conference |
| Zuhair Khalid Zuhair Oseily |
Board Member |
Attended Through Video Conference |
| Bassam Felix Odeh Aburdene |
Board Member |
Absent |
| Durgham N. S. Maree |
Board Member |
Attended Through Video Conference |
| Mazen Ibrahim S Hassounah |
Board Member |
Absent |
| Nashat Taher Nashat Masri |
Board Member |
Attended Through Video Conference |
| Walid Amen A Alkayyali |
Board Member |
Absent |
| طارق محمود رضا عباس |
Board Member |
Absent |
None Board Attendance
| Khaled Baradei |
Financial Manager |
| Amro Khayyat |
CIO |
| Nader Hawari |
Deputy Chief Executive Officer |
| Fida Musleh/Azar |
Investor Relations Officer |
| Ahmad Shtawi |
Public Accountant |
| Yazan Masri |
Legal Consultant |
| Ali Aggad |
Board Advisor |
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