Aljouf Mineral Water Bottling Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Increase ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Jouf Mineral Water Company is pleased to invite the honorable shareholders to participate and vote in the Extra Ordinary General Assembly meeting (the first meeting), which is scheduled to be held through modern technology, God Almighty, at 19:00 on Tuesday 02-07-1444 corresponding to 24-01-2023. |
| City and Location of the Extraordinary General Assembly's Meeting | The company's head office is located in Riyadh - Through Modern Technology |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the Extraordinary General Assembly's Meeting | 2023-01-24 Corresponding to 1444-07-02 |
| Time of the Extraordinary General Assembly's Meeting | 19:00 |
| Attendance Eligibility | Each shareholder registered in the Company's shareholders registry at the Deposit Center at the end of the trading session preceding the meeting of the General Assembly shall be entitled to attend the meeting of the Assembly and in accordance with the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | The meeting of the (extraordinary) General Assembly shall be valid if attended by shareholders representing half of the capital. If the necessary quorum for holding this meeting is not available, the second meeting shall be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by a number of shareholders representing a quarter of the capital. at least.
If the quorum is not present in the second meeting, an invitation is sent to a third meeting, and the meeting is valid regardless of the number of shares represented in it. |
| Meeting Agenda | - To vote on the Board of Directors’ recommendation to increase the company’s capital by granting bonus shares to the company’s shareholders according to the following:
A - The total amount of the increase: 15,625,000 riyals. (Fifteen million, six hundred and twenty-five thousand Saudi riyals). B- The capital before the increase is 31,250,000 (thirty-one million two hundred and fifty thousand Saudi riyals), and the capital after the increase becomes 46,875,000 (forty-six million eight hundred and seventy-five thousand Saudi riyals), i.e. an increase of 50%. C- The number of shares before the capital increase: 3,125,000 shares, and the number of shares after the increase becomes 4,687,500 shares. D- This recommendation aims to increase the capital to support and strengthen the company's future activities. e- The rate of increase: (1) share for every (2) outstanding shares. F- The increase will be made by capitalizing an amount of (15,625,000) riyals from the retained earnings. G- Eligibility date: In the event that the clause is approved, the date of eligibility for the bonus shares will be for the company’s shareholders who own shares on the day of the Extraordinary General Assembly convening and are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the eligibility date. H- In the event that there are fractional shares, the fractions will be collected in one portfolio and then sold in the market to all the shareholders, and its value will be distributed to the shareholders of the beneficiaries of the bonus, each according to his share within a period of 30 days from the date of completion of the allotment of the new shares. i- Amending Article No. (7) of the company's bylaws related to capital. J- Amending Article No. (8) of the company's bylaws related to subscription to shares. |
| Proxy Form |  |
| E-Vote | Note that the registered shareholders in the Tadawulati services will be able to vote remotely on the items of the assembly starting from 01:00 Am on Friday 27-06-1444 corresponding to 20-01-2023 until the end of the time of the assembly, and registration and voting in the trading services will be available and free for all shareholders using the following link (www.tadawulaty.com.sa). |
| Eligibility for Attendance Registration and Voting | The right to register attendance at the assembly meeting ends at the time of the assembly meeting, and the right to vote on the assembly’s articles for those present ends when the counting committee finishes counting the votes. |
| Method of Communication | In case of any inquiries, we hope to contact the Shareholders Relations Department.
Email: [email protected] Mobile: 0582357186 |
Comments