Etihad GO Telecom Co. — Proxy Solicitation & Information Statement 2023

Feb 15, 2023

Etihad Atheeb Telecommunication Co. (GO) announces to invites its shareholders to attend the 14th Extraordinary General Assembly meeting, which includes increasing the companys capital (First meeting) through modern technology (Remotely)

7040 · 15/02/2023 15:50:05 · Announcement #72037 · View on Saudi Exchange

Etihad Atheeb Telecommunication Co. (GO) announces to invites its shareholders to attend the 14th Extraordinary General Assembly meeting, which includes increasing the companys capital (First meeting) through modern technology (Remotely)

Element List	Explanation
Introduction	The Board of Directors of Etihad Atheeb Telecommunication Co. (GO) pleased to invite its valuable shareholders to participate and vote in the 14th Extraordinary General Assembly meeting (First meeting), which is scheduled to be held, at 07:00 pm on Wednesday 16/08/1444 AH corresponding to 08/03/2023 AD in Riyadh at the companys headquarters through modern technology (Remotely).
City and Location of the Extraordinary General Assembly's Meeting	The company's headquarters in Riyadh - using modern technology (remotely)
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting	2023-03-08 Corresponding to 1444-08-16
Time of the Extraordinary General Assembly's Meeting	19:00
Attendance Eligibility	Shareholders registered at the depository center at the end of the trading session preceding the general assembly meeting according to the rules and regulations.
Quorum for Convening the General Assembly's Meeting	According to Article 32 of the Company Bylaws: The Extraordinary General Assembly meeting shall not be valid unless attended by shareholders representing 50% of the company capital. If this quorum is not available at the first meeting, the second meeting may be held an hour after the end of the specified period for the first meeting, the second meeting is valid if attended by a number of shareholders representing at least 25% of the capitaly.
Meeting Agenda	1- Voting on the recommendation of the Board of Directors to increase the company’s capital by issuing priority rights shares at a value of 250,000,000 million Saudi riyals, so that the capital after the increase becomes 339,999,000 million Saudi riyals:

• Reasons for increasing the capital: Reassessment of the company’s needs to pay obligations and develop and update its business systems and networks.

• The total amount of the increase: 250,000,000 Saudi riyals.

• The company's capital before the increase: (89,999,000) Saudi riyals.

• The company's capital after the increase: (339,999,000) Saudi riyals.

• The number of shares before the increase: (8,999,900) shares.

• The number of shares after the increase: (33,999,900) shares.

• Capital increase rate: 277.78% of the company's capital.

• Method of capital increase: (2.78) shares will be issued for every (1) share.

• Eligibility date: In the event that the company's shareholders at the Extraordinary General Assembly meeting agree to the capital increase, all of the company's shareholders registered in the company's records at the Securities Depository Center (Edaa) will be eligible at the end of the second trading day following the Extraordinary General Assembly in which the increase was decided.

• Amendment of Article (7) of the company’s bylaws, which is related to the capital. (attached).

• Amendment of Article (8) of the company’s bylaws related to subscribing to shares. (attached).

2- Voting on the Board of Directors recommendation to appoint Mr. Sager Abdullatif Mohammad Nadershah (Independent) as a member of the Board of Directors starting from the date of his appointment on 01/08/2022 AD to complete the Board’s term until the end of the current session on 25/10/2023 replacing the previous member Mr. Meshaal Ibrahim Metaab bin Omeriah (Independent) (CV Attached). Proxy Form E-Vote Shareholders registered in the tadawulaty services will be able to vote remotely on the assembly’s items, starting at 01:00 AM on Sunday 13-08-1444 AH corresponding to 05-03-2023 AD until the end of the assembly.

Registration and voting in tadawulaty Services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting Eligibility for Attendance Registration and Voting Ends upon the Convenience of the General Assemblys Meeting. Eligibility for Voting on the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication In the event of any inquiries, we hope to contact the Shareholder Relations Department during official working hours:

Tel: 0115111100

Mobile No: 0547478233

Fax No: 08111467100

E-Mail: a.almishari@go.com.sa Attached Documents     

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