Last checked at 24 Nov 2020 08:16
Orascom Investment Holding S.A.E.
Voting Card
Extraordinary General Assembly Meeting
8 December 2020
First: Shareholder Data:
No. | Shareholder's Name | Number of shares | Attendance | Signature | ||
By Person | By Proxy | |||||
Second: Voting
Resolution No. | Resolution | Votes | Remarks | |
Agree | Disagree | |||
1. | Approve to enter into a sale and leaseback agreement entailing the disposal of a tangible asset of the Company (26th floor of Nile Towers) of a value representing more than 50% of the Company's fixed assets. | |||
In light of the current pandemic COVID-19 situation, the specific guidelines for conduct safety and precautions that have been rolled out by the State and the commitment and consideration of Orascom Investment Holding Company (S.A.E.) towards its shareholders, and the precautionary measures with respect to the suspension of any activities comprising large gatherings in order to contain the spread of the global pandemic COVID-19.
Kindly find hereinafter the proposed resolutions of the agenda of the Extraordinary General Assembly, subject to voting by the shareholders and in accordance with the provisions of the applicable law and the Articles of Association of the Company:
First - The proposed resolution.
First Resolution: Approve to enter into a sale and leaseback agreement entailing the disposal of a tangible asset of the Company (26th floor of Nile Towers) of a value representing more than 50% of the Company's fixed assets.
The proposed resolution:
Approve entering into a sale and leaseback agreement with Beltone Leasing Company. (A subsidiary of Beltone Financial Holding SAE) and other financial leasing companies, entailing the sale and lease back of the 26th floor in the South Tower of the Nile City Towers (owned by the Company) of a value representing more than 50% of the Company's fixed assets in accordance with Article (43) of the EGX Listing Rules, whereby Beltone Leasing Company will finance the Company with approx. 100 million Egyptian pounds to be repaid by the Company within 7 years over 28 quarterly installments. The Company shall commence with the repayment after the lapse of the first year while the last installment shall be a sum of EGP 30 million Egyptian pounds. Upon the repayment of the financed amount the asset shall be repurchased by the Company at a nominal value of 1 EGP.