Madinet Nasr for Housing & Develop. Notice of AGM (9426C)
February 14 2020 - 2:00AM
UK Regulatory
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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