Last checked at 26 Nov 2020 11:11
First Notice Madinet Nasr for Housing and Development (MNHD) An Egyptian Joint Stock Company 4 Youssef Abbas St. Nasr City, Cairo, Egypt Invitation to the Shareholders to Ordinary General Meeting (OGM) on Sunday 13 December 2020
In pursuing MNHD's responsibility towards its shareholders in current circumstances, and in compliance with the precautionary measures; the Chairman of the Board of Directors (BOD) and Chairman of the OGM is honored to invite the shareholders, directors, representatives the Financial Regulatory Authority (FRS), representatives of the General Authority for Investment and Free Zones (GAFI), and the External Auditors of the of the Company to the OGM to be held on Sunday December 13, 2020 at 3:00 p.m. to be held through the electronic communication and voting platform (E-Magles).
The OGM will discuss the following agenda: 1. Authorizing contracting to sell the entire shareholding of MNHD in the share capital of the subsidiary company (Nasr Company for Utilities and Erections-NCUE), and assignment of rights in the credit balance due to MNHD from NCUE as of 31 July 2020. 2. Approve the revision of the resolution of the Annual General Meeting of Shareholders on 10 March 2020 in relation to cash dividends of the FY 2019, to write the amount of EGP 2.07 million back to the retained earnings; representing the undisbursed dividends amount in relation to treasury shares. 3. Ratification of changes of in the BOD and renewal of its term.
Please note the following: 1. Shareholders interested in joining and voting in the meeting are requested to submit the following at least three-day before the meeting through the following link https://rebrand.ly/MadinetNasrHousing
· A statement of their shareholding as issued by a securities custodian bank or firm. The statement should indicate that the entire balance of shareholding is blocked from trading for at least three days prior to the OGM. · A copy of the personal National ID card or Passport for personality identification. · Any other required documents in case of proxy or delegation.
2. Voting Procedures: upon completion of the above procedures by the shareholder and verification of the documents, the Company will send an electronic link for remote voting, along with a code for the meeting to enable the shareholder to participate in the meeting through (E-Magles).
3. Each shareholder has the right to attend the OGM in person or by proxy to other shareholder. A proxy should be officially documented in special or general proxy statement with notarization of signatures.
4. It is not allowed for any shareholder to represent in the OGM by proxy more than 10% of the nominal shares of the capital, provided that this representation is not exceeding 20% of total shares represented in the OGM
5. The required quorum for the validity of the OGM is 25% of issued capital at minimum. If this quorum is not met, there will be an invitation for a second meeting of the OGM to be held within thirty days from the date of the first meeting (to be announced timely). The second OGM will be valid with any number of shares represented in the meeting.
6. Any inquiries regarding the OGM to be presented or addressed in writing to the Management of the Company at its premises (4 Youseif Abbas St. Nasr City- Cairo- Egypt) at least three days prior to the date of the OGM.
7. The agenda of the OGM, and underlying documents are available at the Company's premises at the request of the shareholders
Chairman of the Board and AGM Eng. Mohamed Hazem Barakat Date: 18 November 2020 |