Filling & Packing Materials MFG. Co. (FIPCO) invites its shareholders to attend the 9th Extra ordinary Assembly General Meeting (EGM), (First Meeting).

2018-05-30

Filling and Packing Materials MFG. Co. (FIPCO) is pleased to invite its shareholders to attend its extra ordinary general assembly meeting (EGM) no. 8 (First Meeting), scheduled to take place on Sunday 19/01/1440H corresponding to 30/09/2018 at 06:30 PM, at FIPCO head office, 2nd industrial area, Kharj road, Riyadh (https://goo.gl/maps/6qX8AKDDF9C2) to discuss the following Agenda: 

1- Vote to approve the amendment of an article no. (17) of FIPCO bylaws related to the company management, based on the Board of Directors recommendation to decrease the number of board members to five instead of 7 members, to be effective from the next board session starting from 01/01/2019 (attached). 
2- Vote to elect the members of the board of directors among the nominees for the next board session (three years) starting from 01/01/2019 and ends in 31/12/2021 (CVs attached) considering the voting results of the first item. 
3- Vote to approve the amendment of an article no. (3) of FIPCO bylaws, related to the objectives of company (attached). 
4- Vote to approve the amendment of an article no. (9) of FIPCO bylaws, related to the preferred stocks (attached). 
5- Vote to approve the amendment of an article no. (10) of FIPCO bylaws, related to buying, selling and mortgage of the company shares (attached). 
6- Vote to approve the amendment of an article no. (20) of FIPCO bylaws, related to the board of directors authorities (attached). 
7- Vote to approve the amendment of an article no. (31) of FIPCO bylaws, related to the invitation of general assembly meetings (attached). 
8- Vote to approve the amendment of an article no. (42) of FIPCO bylaws, related to the audit committee reports (attached). 
9- Vote to approve the amendment of an article no. (46) of FIPCO bylaws, related to the financial reports (attached). 
10- Vote to approve the amendment of an article no. (47) of FIPCO bylaws, related to the dividend distribution (attached). 
Each shareholder shall have the right to attend the meeting provided to be registered in FIPCO share registry at the Depository Center as of the end of trading preceding to EGM and according to the rules and regulations. 
Considering that the right to attend the meeting expires at the starting time of the Assembly. Likewise, the right to vote on the Assembly agenda expires at the end of votes counting process. 
Please note that the General Assembly meeting will be valid if attended or represented by at least 50% of the Companys capital, however in the absence of a quorum required for holding the meeting, a second meeting can be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended or represented by at least 25% of the Companys capital

 

While the Shareholders who cannot attend the meeting may appoint a proxy, taking into consideration that it must be written and the proxy must not be a member of the board or an employee of the company. 
Moreover The proxy letter must be signed and authenticated by Chamber of Commerce in case of institutional shareholders or authorized persons, an authorized Commercial Bank if the shareholder has an account and notary public or persons authorized in performing notary public, hence it will be submitted to the investor relations Dept. at FIPCO head office located in 2nd industrial area, Kharj road, Riyadh, two days before the Meeting. 
It is necessary for each shareholder to bring a valid ID as well as the original proxy Letter (If any) when attending the meeting. 
The shareholders who are registered in the Tadawulaty electronic trading services can remotely vote on the items of the General Meeting through (electronic voting) service scheduled to take place at 10:00 AM on Thursday, 16/01/1440H corresponding to 27/09/2018, and continue until 04:00 PM on the day of the Meeting.  
Therefore, all FIPCO shareholders are invited to participate and vote remotely through Tadawulaty website (https://www.tadawulaty.com.sa) with free of charge. 
Shareholders are welcome to send their inquiries by directly contacting our Investor Relations department by phone (0096612652299 # 777) during the working hours or by email sms@fipco.com.sa

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