THE BOARD OF DIRECTORS OF ADVANCED PETROCHEMICAL COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE 18TH ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) VIA MODERN TECHNOLOGY MEANS (REMOTELY)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Advanced Petrochemical Company (the “Company”) is pleased to invite its shareholders to participate and vote in the 18th Ordinary General Assembly Meeting (First Meeting) which will be held at 06:30 PM on Wednesday, 27/11/2024, via modern technology. |
| City and Location of the General Assembly's Meeting | Jubail Industrial City – Admin. Building (via modern technology means by using only Tadawulaty platform). |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-11-27 Corresponding to 1446-05-25 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuer’s shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article twenty-nine (29) of the Company's Bylaws, a meeting of the Ordinary General Assembly shall be valid only if attended by shareholders representing at least twenty-five (25%) percent of the Company’s shares that have voting rights. If such quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting and the second meeting will be deemed quorate irrespective of the number of shares represented at the meeting. |
| General Assembly Meeting Agenda | 1. To vote on appointing an auditor for the company among those nominees based on the recommendation of the Audit committee to review and audit the first, second, third, annual financial statements of fiscal year 2025 and the first quarter of 2026 and determine its remuneration. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the matters included in the General Assembly Meeting Agenda and direct questions related to the General Assembly Meeting Agenda to the members of the Board of Directors in accordance with the rules and regulations, and in accordance with the Rules of Shareholders Meetings & Voting Procedures (attached), noting that voting on the Tadawulaty platform is available free of charge to all shareholders using the following link:
WWW.TADAWULATY.COM.SA |
| Details of the electronic voting on the Assembly’s agenda | The shareholders registered in Tadawulaty platform will be able to vote remotely on the General Assembly Meeting Agenda starting at 1:00 am on Saturday, November 23, 2024, until the end of the meeting time. |
| Method of Communication in Case of Any Enquiries | For any inquiry and clarification, please contact the Investor Relations on Tel: 0133566061 or Email: IR@advancedpetrochem.com |
| Attached Documents | |
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