Last checked at 10 Nov 2008 07:00
RNS Number : 7699H
Commercial Bank of Qatar (Q.S.C.)
09 November 2008
THE COMMERCIAL BANK OF QATAR (Q.S.C.)
INVITATION
TO THE SHAREHOLDERS FOR ATTENDING
THE EXTRAORDINARY GENERAL ASSEMBLY MEETING
The Board of Directors of the Commercial Bank of Qatar (Q.S.C.) is pleased to invite you to the Shareholders Extraordinary Meeting to be held on Wednesday 26.11.2008 at the Marriott Hotel - Fairuz Hall, at 6:00 p.m. to discuss the following Agenda.
| AGENDA OF THE EXTRAORDINARY GENERAL MEETING |
| |
| 1. To approve the Board’s recommendation to cancel the following resolution passed by shareholders at the Extraordinary General Assembly held on 12 March 2008: “To increase the Bank’s capital by way of rights issue of 1 share for every 10 shares held, at a price of QR70 per share, but subject to the issue date being deferred until a date during the fourth quarter of 2008 to be determined with the approval of the Ministry of Economy and Commerce”. 2. To increase the share capital of the Company from QR.2,062,053,120 to a maximum of QR.2,474,463,750 by the issue to the Qatar Investment Authority of up to 41,241,063 new ordinary shares at a subscription price of such amount (inclusive of premium) as equals the closing price on the Doha Securities Market of the ordinary shares of the Company on Sunday 12 October 2008, and having such other terms and conditions as the Board of Directors may at its discretion decide. 3. To waive the priority right of shareholders to subscribe for the new shares as an exception from the provisions of Article 20 of the Company’s Articles of Association, and Article 193 of the Commercial Companies Law (Law No.5 of 2002). 4. To authorize the Board of Directors to approve the date of issue of the new shares referred to in the previous resolution. 5. To approve the amendment of Article 6 of the Company’s Articles of Association to reflect the increase in capital referred to in the previous resolutions. |
Abdullah bin Khalifa Al Attiyah
Chairman
Notes:
| ·; A shareholder who cannot attend the meeting in person may appoint another shareholder to represent him in writing, using the Proxy Form attached to the Invitation sent to the shareholder. The shareholder may not appoint a Board Member as a proxy, and the number of shares held by a shareholder as a proxy should not under any circumstances exceed 5% of the total shares (i.e. 11,341,392 shares), except in the case of a proxy given on behalf of a Custodian Bank or Depositary Bank which is holding shares in respect of an offering of Global Depositary Receipts approved by an Extraordinary General Assembly of the Company ·; Companies’ representatives are requested to present an authorization letter appointing them as representative of said companies in the Extra-Ordinary General Assembly Meeting. ·; Shareholders are requested to attend the meeting one hour before the specified time, carrying the invitation, the proxy forms if available, along with their ID cards in order to facilitate the registration procedures. ·; In case the quorum of the above meeting is not met, the second meeting shall be held at the Diplomatic Club- Roshana Hall, on Wednesday 3.12.2008 , at 6:00 p.m. |
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