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Al Moammar Information Systems Co. Proxy Solicitation & Information Statement 2022
53484_rns_2022-05-30_dbd4b478-220e-4b00-a55d-678e5452b152.html
Proxy Solicitation & Information Statement
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Al Moammar Information Systems Company (MIS) invites its shareholders to attend the (Extraordinary) General Assembly meeting that includes increasing the company's capital by issuing bonus shares to its shareholders (first meeting) by means of modern technology
7200 · 30/05/2022 09:10:53 · Announcement #68554 · View on Saudi Exchange
Al Moammar Information Systems Company (MIS) invites its shareholders to attend the (Extraordinary) General Assembly meeting that includes increasing the company's capital by issuing bonus shares to its shareholders (first meeting) by means of modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Moammar Information Systems Company (MIS) is pleased to invite the shareholders to participate and vote in the (Extraordinary) General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at 18:30 pm on Wednesday 23/11/ 1443 AH corresponding to 22/06/2022 AD. Through modern technology. |
| City and Location of the Extraordinary General Assembly's Meeting | Through modern technology means from the company's headquarters in Riyadh - Al Sahafa district - Al Thumamah Road (by using only my trading system) |
| URL for the Meeting Location |
https://www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting 2022-06-22 Corresponding to 1443-11-23 Time of the Extraordinary General Assembly's Meeting 18:30 Attendance Eligibility ShareHolders Registered at the Depositary Center Registry at the End of the Trading Session Proceeding the General Assembly Meeting and as per the Laws and Regulations Quorum for Convening the General Assembly's Meeting The extraordinary general assembly meeting shall be valid if it is attended by shareholders representing at least half of the capital. If the quorum necessary for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting. The second meeting will be valid if attended by shareholders representing a quarter of the capital. Meeting Agenda 1. Voting on the Board’s recommendation to increase the Company’s capital by issuing bonus shares to its shareholders as follows :
A- The total amount of the increase: fifty million riyals.
B- The capital before the increase is 250 million riyals, and the capital after the increase becomes 300 million Saudi riyals, i.e. an increase of 20%.
C- The number of shares before the capital increase: - 25 million, and the number of shares after the increase will be 30 million shares
D - This recommendation aims to increase the capital to enhance the company's resources, which will contribute to achieving good growth rates in the coming years.
E- The rate of increase: one share for every fifth share.
F- The increase will be made by capitalizing an amount of 50 million riyals from the reserve and retained earnings.
G- In the event of share fractions, they will be collected in one portfolio for all shareholders and sold at the market price. Then their value will be distributed to the eligible shareholders, each according to his share, within a period not exceeding 30 days from the date of determining the due shares for each share. The date of entitlement of the bonus shares to the shareholders of the company who owns the shares will be on the day of the extraordinary general assembly who are registered in the company’s shareholders ’register at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date of the extraordinary general assembly.
I- Amending Article No (7 )of the Company’s bylaws relating to capital. (Attached)
J- Amending Article No (8 ) of the Company’s bylaws relating to subscription in shares (attached)
2. Voting on the amendment of Article No (3) of the Company’s bylaws relating to the Company’s objectives, as attached. (attached ) Proxy Form 
E-Vote Shareholders registered in Tadawulaty services will be able to vote remotely on the items of the assembly, starting at 10 am on Sunday, 20-11- 1443 AH corresponding to 19-06-2022 AD, until the end of the time of the assembly, and registration and voting in (Tadawulaty) services will be available and free of charge. For all contributors, use the following link:
https://www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting Eligibility for Attendance Registration and Voting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication if there is an inquiry about the Extra Ordinary assembly agenda items, we hope to contact the Secretary of the Board of Directors, Mrs. Sara Mohammad Al-Otaibi
You can also direct your inquiries to the Council Secretariat's e-mail via the company's e-mail.
Address: Al-Thumamah Road, Al-Sahafa District, Riyadh, Kingdom of Saudi Arabia [email protected] Additional Information NONE Attached Documents
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.