Methanol Chemicals Company (Chemanol) invites its Shareholders to attend the Ordinary General Assembly Meeting through the Modern Technology Means (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Methanol Chemicals Company (Chemanol) is pleased to invite the Company’s shareholders to attend and vote at the Ordinary General Assembly meeting on Thursday 07/12/1445 corresponding to 13/06/2024 at 6:30 p.m. via modern technology means. |
| City and Location of the General Assembly's Meeting | Company Head Office – Jubail Industrial City |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-13 Corresponding to 1445-12-07 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least one-quarter of the share capital. If the required quorum is not attained, a second meeting shall be held one hour after the expiration of the designated period for convening the first meeting. The second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing the Board of Directors' report for the financial year ending on 31/12/2023.
2. Voting on the auditor’s report for the financial year ending on 31/12/2023. 3. Reviewing and discussing the financial statements for the financial year ending on 31/12/2023. 4. Voting on the appointment the (auditor/s) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor/s shall examine, review and audit the second, third, and fourth quarters and annual financial statements of the financial year 2024, and the first quarter of the financial year 2025; and hence determine the auditor's remuneration. 5. Voting on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | A shareholder has the right to discuss the items listed on the agenda of the General Assembly Meeting and to pose questions. All shareholders who are registered in Tadawulaty will be able to remotely vote on the General Assembly’s agenda items using the link below:
http://tadawulaty.com. |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who are registered in Tadawulaty can remotely vote on the Ordinary General Assembly Meeting’s agenda via (E-voting service) starting from (01:00) a.m., Sunday 03/12/1445 corresponding to 09/06/2024 to half an hour after the time the meeting, All Company’s shareholders have the right to attend and vote remotely via Tadawulaty website: www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | For inquiries, please contact Investor’s Relations Department via email: [email protected] or phone 0133438008. |
| Additional Information | Shareholders can review the annual report of the Board of Directors and the Company’s financial statements for the year 2023 at the Company’s Profile on Tadawul’s website. |
| Attached Documents | |
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