GMPI
INVITATION TO ATTEND EXTRA ORDINARY AND ORDINARY GENERAL MEETINGS
(UN-OFFICIAL TRANSLATION OF APPROVED ARABIC VERSION)
The Board of Directors of Gulf Mushroom Products Company SAOG is delighted to invite all shareholders of the company to attend the Extra Ordinary General Meeting (EGM) and Ordinary Annual General Meeting (AGM) scheduled to be held on Wednesday, 11 March 2015 at 5:00 PM at Muscat Intercontinental Hotel (Room - Le Caprice) to conduct the following business:
Extra Ordinary General Meeting :
- To consider and approve the amendment of Article 2 of Company’s Articles of Association so as to change the place of principal office of the Company from Muscat at present to Barka, Sultanate of Oman.
- To consider and approve the amendment of Article 4 so as to add new business of manufacturing agricultural fertilizer products.
Ordinary General Meeting :
- To consider and approve the report of the Board of Directors for the financial year ended 31 December 2014.
- To consider and approve the Corporate Governance Report for the financial year ended 31 December 2014.
- To consider the Auditor’s report and approve the Balance Sheet and Profit and Loss Account for the financial year ended 31 December 2014.
- To consider and approve Board of directors’ recommendation to issue bonus shares to the shareholders at 10% of paid up share capital or one bonus share for every ten shares held. Based on this, to increase the number of company’s issued and fully paid shares from 27,181,440 to 29,899,584.
- To approve the sitting fees availed by the members of the Board of directors and members of the Board’s sub-committees for past financial year ended on 31 December 2014 and to fix the sitting fees for the next financial year. ( see Annexure-1 )
- To inform the meeting of related party transactions during the financial year ended 31 December 2014. ( see Annexure -2 )
- To consider and approve the proposed related party transactions for the financial year ending 31 December 2015. ( see Annexure -2 )
- To inform the meeting of social welfare activities and amount spent thereon during the financial year ended 31 December 2014. ( see Annexure -3 )
- To consider and approve the budget of RO 10,000 (Riyal Omani Ten Thousand Only) for social welfare activities during the financial year ending 31 December 2015.
- To elect two directors to fill vacancies in the Board of directors from shareholders or from non-shareholders. Anyone who wishes to stand as a candidate for election must complete the prescribed form and submit it to the company on or before Sunday, 8 March 2015. Nomination forms submitted after this date will not be accepted. Where the candidate is a shareholder the Articles of Association of the company require that he owns minimum 20,000 shares as on the date of AGM.
- To appoint Auditors for the financial year ending 31 December 2015 and fix their fees.
Pursuant to the Articles of Association (No.37) of the Company, any shareholder may authorize any other person to attend the meeting on his behalf and vote on any resolution provided that such authorization is given in writing on the proxy form which is part of the invitation for the meeting issued by the Muscat Depository and Clearing. In case of a natural person the proxy should be submitted along with a copy of the ID card for adults, passport for women and minors who do not have a personal identity card and resident card or passport for non-Omanis. In case of a juristic person or company the proxy form should be signed by one of the authorized signatories and should bear the seal of the company and should be accompanied by company’s certificate of registration and certificate of authorized signatories.
Please arrive at the meeting venue at least half an hour before the meeting.
If you have any queries please contact Mr. Abdullah Nasser Al Hadhrami on telephone 26884255 ext. 224.
Chairman Auditors Legal Advisor
