Advanced Petrochemical Co. — Proxy Solicitation & Information Statement 2016

Jul 25, 2016

ADVANCED PETROCHEMICAL COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE 6TH EXTRAORDINARY GENERAL ASSEMBLY MEETING FOR DISCUSSION OF INCREASE IN SHARE CAPITAL (FIRST MEETING) (Reminder)

2330 · 25/07/2016 15:47:54 · Announcement #43279 · View on Saudi Exchange

ADVANCED PETROCHEMICAL COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE 6TH EXTRAORDINARY GENERAL ASSEMBLY MEETING FOR DISCUSSION OF INCREASE IN SHARE CAPITAL (FIRST MEETING) (Reminder)

The Board of Directors of Advanced Petrochemical Company (Advanced) is pleased to invite its shareholders to attend the 6th Extraordinary General Assembly Meeting to be held in Dammam at Advanced Head Office (Gulf Road Dammam Corniche - SAMEC Building fifth floor) on July 28, 2016 corresponding to 23-10-1437 H at 06:30 P.M to discuss the following agenda:

1. To vote on the recommendation of the Board of Directors to increase the Companys share capital from One Billion Six Hundred Thirty Nine Million Nine Hundred and Fifty Thousand Saudi Riyals (SR 1,639,950,000) to One Billion Nine Hundred Sixty Seven Million Nine Hundred and Forty Thousand Saudi Riyals (SR 1,967,940,000), an increase of 20%, through the distribution of one bonus share for every five shares owned by the Companys shareholders. The proposed increase in the Companys share capital will be funded from the retained earnings account. Accordingly, the number of issued shares will increase from One Hundred Sixty Three Million Nine Hundred and Ninety Five Thousand (163,995,000) shares to One Hundred Ninety Six Million Seven Hundred and Ninety Four Thousand (196,794,000) shares with an increase of Thirty Two Million Seven Hundred and Ninety Nine Thousand (32,799,000) shares. The entitlement for the bonus shares will be limited to the shareholders who are registered in the shareholders register in the Securities Depository Centre (Tadawul) at the close of trading on the EGM day. The meeting shall also amend the Article (7) of the Companys Bylaws to reflect the capital increase. The objective of this proposed share capital increase is to adjust the Company share capital to its assets level and help support its future investment plans.

2. To vote for the election of the members of the Board of Directors for the three years period commencing from 01 October 2016G and ending 30 September 2019G, by accumulative voting system.

The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50% of the Companys capital. Each shareholder shall have the right to attend the Extraordinary General Assembly Meeting, whether in person or by a proxy, endorsed by the Chamber of Commerce or a bank, authorizing another person, other than a member of the Board of Directors or employees of the Company, to attend the Extraordinary General Assembly Meeting on their behalf and it should be sent to P.O box 11022, Jubail Industrial City before the meeting. The attending shareholders, whether in person or by proxy, should present their ID cards at the meeting. Contact details: Tel: 013-3566061 Fax: 013-3566006 or email: Shares@advancedpetrochem.com

Note: Shareholders may vote on the Extraordinary General Assembly Meeting Agenda via e-voting (electronic voting) by visiting the website of Tadawulaty http://tadawulaty.tadawul.com.sa

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.