Academy of Learning Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Academy of Learning Company is pleased to invite the shareholders to attend and vote in the Extraordinary Assembly meeting, which will be held, God willing, at 18:30 pm on Wednesday 25-11-1444 AH. corresponding to 14-06-2023 AD. by means of modern technology. |
| City and Location of the General Assembly's Meeting | Dammam - the main headquarter - where the meeting will be held by means of modern technology, and the shareholders can join and participate in the meeting on the Tadawulaty platform through the link:
https://www.tadawulaty.com.sa |
| URL for the Meeting Location | مدينة الدمام-المقر الرئيسي- حيث سوف يعقد الاجتماع عن طريق وسائل التقنية الحديثة، ويمكن للمساهمين الانضمام للاجتماع والمشاركة فيه عن طريق منصة تداولاتي من خلال الرابط
https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-06-14 Corresponding to 1444-11-25 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre at the end of the Trading Session preceding the General Assembly’s Meeting as per Laws and Regulations. |
| Quorum for Convening the General Assembly's Meeting | The legal quorum for convening this assembly is, in accordance with Article 32 of the company's articles of association, the presence of shareholders representing half of the capital. |
| General Assembly Meeting Agenda | 1- To vote on amending the company’s article of association to comply with the new corporate law and to rearrange the articles of the law and their numbering, to comply with the proposed amendments.
2- To vote on the amendment of Article (3) of the company's articles of association, related to (the company's purposes). Attached 3- To vote on the amendment of Article (4) of the company’s articles of association, related to (participation and ownership in companies). Attached 4- To vote on the amendment of Article (10) of the company's articles of association, related to (issuing shares). attached 5- To vote on amending Article (15) of the company's articles of association, related to (company management). attached 6- To vote on the amendment of Article (19) of the company’s articles of association, which is related to (board members’ remuneration). Attached 7- To vote on the amendment of Article (20) of the company’s articles of association, related to (the powers of the president, deputy, managing director, and secretary). attached 8- To vote on the addition of Article (37) to the company’s articles of association, related to (formation of board committees). attached 9- Voting to delete Articles (37-38-39-40) of the company’s articles of association. attached 10- To vote on adding Article (40) to the company’s articles of association, related to (auditor responsibilities). attached 11- To vote on the amendment of Article (45) of the company’s articles of association, related to (dividend distribution). attached 12- To vote on the division of the company’s shares according to the following: - The nominal value of the share before the amendment (10) Saudi riyals - The nominal value of the share after the amendment is (1) Saudi riyals - The number of shares before the amendment: 6,000,000 shares - Number of shares after modification: 60,000,000 shares - There is no change in the company's capital before and after the shares split. Effective date: In the event that the clause is approved, the division decision will be effective for all the company’s shareholders who own shares on the day of the Extraordinary General Assembly and are registered in the company’s shareholder register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly. regular. The effect of the decision will be applied to the share price starting from the working day following the meeting, provided that the decision will be implemented with regard to the number of shares in the shareholders’ portfolios on the second trading day following the date of the extraordinary general assembly in which it was decided to divide the shares. - To vote on the amendment of Article (7) of the company's articles of association related to (capital). Attached - To vote on the amendment of Article (8) of the company’s articles of association, related to (subscription in shares). attached 13- To vote on authorizing the Board of Directors to distribute interim profits on a semi/quarterly basis, for the fiscal year 2023 AD, in the event that clause No. (11) of the Assembly’s agenda is approved. 14- To vote on amending the Audit Committee's bylaws to comply with the company's articles of association and the new companies' system. ( attached ) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | The shareholders registered in Tadawulaty services may vote remotely on the agenda of the General Assembly Meeting starting at 01:00 AM on Saturday, 21-11-1444 AH corresponding to 10-06-2023 AD, until the time the general assembly meeting ends. Please note that registration in Tadawulaty service and voting is provided available for all shareholders through the (E-Voting) services at:
https://www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly's Meeting Ends upon the Convenience of the General Assembly's Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | In case of any inquiries, please contact the Investors Relations Department by phone at the following number: 0138350522 or via e-mail to [email protected] , during the official working hours of the company from Sunday to Thursday from nine in the morning to five in the evening. |
| Attached Documents | |
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