Last checked at 19 Apr 2016 10:07
TRANSLATION FROM ARABIC
Summary of Resolutions for the Annual General Meeting
EFG Hermes Holding S.A.E.
held on April 19th , 2016
Resolution no.1
The AGM approved the Board of Directors' report on the consolidated financial statements for the financial year ended 31/12/2015.
Resolution no.2
The AGM approved the financial auditor's report on the financial statements for the fiscal year ended 31/12/2015.
Resolution no.3
The AGM ratified the financial statements for the fiscal year ended 31/12/2015.
Resolution no.4
The AGM approved the discharge of the Board Members from all liabilities with regard to the activities of fiscal year 2015 and ratified the changes occurred to the Board throughout the year, as follows:
· Changing Dubai Financial Group representation in the Board from Mr. Ahmed Qassem Al Qassem to Mr. Jonathan Andrew Cimino
Resolution no.5
The AGM approved not to pay out the Board of Directors transportation and attendance allowances for the fiscal year 2016, however the Company shall bear all actual travel and accommodation expenses.
Resolution no.6
The AGM approved the re-appointment of the Company's financial auditors - Mr. Hassan Bassiouni of KPMG Hazem Hassan - for the fiscal year 2016 and delegate the Board of Directors to determine their fees.
Resolution no.7
The AGM authorized the Board to make donations in excess of EGP 1,000 during the fiscal year 2016; there were no donations made in the fiscal year 2015.
For further information:
Investor Relations Department
Email: investor-relations@efg-hermes.com
Tel: +20 (0)2 35356710
Fax: +20 (0)2 3535 7017
Head of Investor Relations - Hanzada Nessim
Email: hnessim@efg-hermes.com
Tel: +20 (0)2 35356502
Fax: +20(0)2 3535 7017
www.efg-hermes.com