Elm Company Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting, (First Meeting) By Means of Modern Technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Elm Company is pleased to invite its shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which will be conducted virtually via Tadawulaty Platform. |
| City and Location of the General Assembly's Meeting | By means of modern technology in the Company’s head office in Riyadh city via Tadawulaty System. |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-11-30 Corresponding to 1445-05-16 |
| Time of the General Assembly's Meeting | 19:00 |
| Attendance Eligibility | Every shareholder has the right to participate and that is for the shareholders registered in the company's shareholders register at the Depository Center at the end of the trading session preceding the General Assembly meeting, according to the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | The Extraordinary General Assembly meeting is valid if it is attended by shareholders representing at least half of the capital. If there is no quorum for this meeting, the second meeting will be scheduled after one hour after and the second meeting shall be valid if attended by number of shareholders representing at least one quarter of Company’s capital. |
| General Assembly Meeting Agenda | 1- Voting on the amendment of the Company's Articles of Association in accordance with the new Companies law and rearranging the articles of the Articles of Association and their numbering according to the proposed amendments mentioned. (Attached)
2- Voting on the amendment of Article (03) of the Company's Articles of Association relating to (Purposes of the Company). (Attached)
3- Voting on the amendment of Article (12) of the Company's Articles of Association relating to (Shares Trading). (Attached)
4- Voting on the amendment of Article (18) of the Company's Articles of Association relating to (The Company Management). (Attached)
5- Voting on the amendment of Article (21) of the Company's Articles of Association relating to (Powers of the Board of Director). (Attached)
6- Voting on the amendment of Article (23) of the company's Articles of Association relating to (Powers of the Chairman of the Board of Directors, Deputy-Chairman, and Secretary). (Attached)
7- Voting on the amendment of the Dividend Policy. (Attached)
8- Voting on the amendment of the Audit Committee Charter. (Attached)
9- Voting on the amendment of the Nominations and Remuneration Committee Charter. (Attached)
10- Voting on the amendment of the Remuneration Policy of the Board of Directors, its subcommittees, and the executive management. (Attached)
11- Voting on the amendment of the Nomination Policy and Standards for the Membership of the Board of Directors. (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) | Shareholders are entitled to discuss matters listed in the agenda of the General Assembly Meeting and raise relevant questions to the Board members, all shareholders who are registered on Tadawulaty will be able to remotely vote on the GA agenda items, which shall commence at 01:00 A.M on Saturday 12/05/1445H (corresponding 26/11/2023G) and continue until the end of the GA. The registration and voting in Tadawulaty services will be available for all shareholders free of charge through the following link:
www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for the attendance registration of the General Assembly ends upon convening the General Assembly Meeting. Eligibility for voting on the General Assembly agenda items for the shareholders who attended ends upon the Counting Committee concluding the voting count. |
| Method of Communication | We are pleased to receive your inquiries by contacting our Investor Relations Department through the following channels:
Phone: +966 11 250 3962 +966 11 250 3436 Email: ir@elm.sa |
| Additional Information | N/A |
| Attached Documents | |
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