Madinet Nasr for Housing & Develop. Notice of AGM (9426C)

TIDMMNHD

RNS Number : 9426C

Madinet Nasr for Housing & Develop.

14 February 2020

 
                                     First Notice 
                    Madinet Nasr for Housing and Development (MNHD) 
                            An Egyptian Joint Stock Company 
                             Invitation to the Shareholders 
                         for the Annual General Meeting (AGM ) 
 
          The Chairman of the Board of Directors (BOD) and Chairman of the AGM 
           is honored to invite the shareholders of the Company to the AGM to 
         be held on Tuesday March 10, 2020 at 3:00 p.m. at the Company's Sales 
          Center on the site of Taj City project; Extension of Thawra Street- 
           Opposite to the Entry of Cairo International Airport- Cairo, Egypt 
          If the required quorum for the validity of the AGM of 25% of issued 
         capital is not met, a second meeting of the AGM will be held same day 
         at 4:00 p.m. at the same place. The second AGM will be valid with any 
                      number of shares represented in the meeting. 
 
                       The AGM will discuss the following agenda: 
          1. Ratification of the BOD's report on the Company's operations and 
             their results for the fiscal year (FY) ended 31 December 2019 
          2. The Independent Auditor's report on the financial statements (FS) 
                    of the Company for the FY ended 31 December 2019 
                3. Approval of the FS for the FY ended 31 December 2019 
           4. Approval of the proposed dividends for the FY ended 31 December 
                                          2019 
       5. Ratification of the BOD's report on application of corporate governance 
       rules according to the guide issued by the Financial Regulatory Authority 
                                 by Decree (84) of 2016 
          6. Authorizing the BOD to allow donations in excess of one thousand 
                                 Egyptian Pound in 2020 
           7. Appointment of the Independent Auditor and determine audit fees 
                                    for the FY 2020 
        8. Determine the allowances and transportation expenses for the members 
                               of the BOD for the FY 2020 
                   9. Swap of a number of plots of land owned by MNHD 
           10. Authorizing the BOD to execute contracts with related parties, 
                                        if any. 
         11. Release of the Chairman and BOD of their responsibilities for the 
                                        FY 2019 
 
                *    Each shareholder has the right to attend the AGM in 
                       person or by proxy to other shareholder. A proxy 
                    should be officially documented in special or general 
                       proxy statement with notarization of signatures 
 
 
                  *    Shareholders interested in attending the AGM are 
                     required to register with the Company and present 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 AGM; excluding the day of 
                               blocking and the day of the AGM. 
 
 
                 *    Any inquiries regarding the AGM 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 AGM. 
 
 
                    *    The BOD's report, the agenda of the AGM, and 
                     underlying documents are available at the Company's 
                         premises at the request of the shareholders 
 
 
 
         MNHD will provide a bus to transport the shareholders from MNHD's Main 
          Office in Nasr City to/from the place of the AGM. The Bus will move 
                                      at 1:30 p.m. 
 
                             Chairman of the Board and AGM 
                               Eng. Mohamed Hazem Barakat 
                                 Date: 14 February 2020 
 

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February 14, 2020 02:00 ET (07:00 GMT)