Etihad GO Telecom Co. — Proxy Solicitation & Information Statement 2024

Jan 15, 2024

Etihad Atheeb Telecommunication Co. (GO) announces to invites its shareholders to attend the 16th Extraordinary General Assembly meeting, which includes increasing the company capital (First meeting) through modern technology (Remotely)

7040 · 15/01/2024 15:36:37 · Announcement #77849 · View on Saudi Exchange

Etihad Atheeb Telecommunication Co. (GO) announces to invites its shareholders to attend the 16th Extraordinary General Assembly meeting, which includes increasing the company capital (First meeting) through modern technology (Remotely)

Element List	Explanation
Introduction	The Board of Directors of Etihad Atheeb Telecommunication Co. (GO) is pleased to invite its valuable shareholders to participate and vote in the 16th Extraordinary General Assembly meeting, which includes increasing the company capital (First meeting), which is scheduled to be held at 07:00 pm on Tuesday 25/07/1445 AH corresponding to 06/02/2024 AD in Riyadh at the company's 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)
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-02-06 Corresponding to 1445-07-25
Time of the General Assembly’s Meeting	19:00
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	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 unavailable at the first meeting, the second meeting may be held an hour after 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 capital.
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: Develop and modernize its business systems and networks and pay some of its obligations.

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

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

• The company's capital after the increase is 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: (2.7778) shares will be issued for every (1) share.

• Eligibility date: If 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 related to the capital. (attached).

• Amendment of Article (8) of the company’s bylaws related to subscribing to shares. (attached). Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders registered in the tadawulaty services can vote remotely on the assembly’s items, starting at 01:00 AM on Sunday 23-07-1445 AH, corresponding to 04-02-2024 AD until the end of the assembly. The contributor can discuss the topics on the assembly's agenda and ask questions.

Registration and voting in tadawulaty Services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda 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 in Case of Any Enquiries In the event of any inquiries, we hope to contact the Investor Relations Department during official working hours:

Tel: 0115111100

Mobile No: 0547478233

Fax No: 08111467100

E-Mail: investor.relation@go.com.sa Attached Documents  

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