Etihad GO Telecom Co. — Share Issue/Capital Change 2021

Dec 30, 2021

Etihad Atheeb Telecommunication Co. (GO) announces to Invites its Shareholders to attend the 13th Extraordinary General Assembly Meeting for Capital Decrease (First Meeting) through modern technology means (Remotely)

7040 · 30/12/2021 16:18:54 · Announcement #66160 · View on Saudi Exchange

Etihad Atheeb Telecommunication Co. (GO) announces to Invites its Shareholders to attend the 13th Extraordinary General Assembly Meeting for Capital Decrease (First Meeting) through modern technology means (Remotely)

Element List	Explanation
Introduction	The Board of Directors of Etihad Atheeb Telecommunication Co. (GO) is pleased to invite the shareholders to participate and vote in the 13th Extraordinary General Assembly Meeting for Capital Decrease (First Meeting) which will convene On Sunday 20/06/1443 AH, corresponding to 23/01/2022 AD at 06:30 p.m. and shall be held via modern technology means, in line with the precautionary measures initiated by the relevant authorities to limit the spread of the emerging Coronavirus (COVID-19), and an extension of the continuous efforts of all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the Extraordinary General Assembly's Meeting	The company's head office is in Riyadh. (by means of modern technology)
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting	2022-01-23 Corresponding to 1443-06-20
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 Preceding the General Assembly Meeting and as per the Laws and Regulations.
Quorum for Convening the General Assembly's Meeting	Holding of an extraordinary general assembly shall not be valid unless attended by shareholders representing at least half the company capital, If the quorum required for holding the meeting of the extraordinary general assembly is not available, the second meeting may be held after an hour from the expiration of the period specified for holding the first meeting, the second meeting shall be valid if attended by a number of shareholders representing at least (a quarter) of the capital.
Meeting Agenda	1. Voting on the recommendation of the Company’s Board of Directors to decrease the Company’s capital according to the following:

a. The company’s capital before the decrease is 228,529,000 SAR, the capital after the decrease 89,999,000 SAR, at a reduction of %60.62.

b. Number of shares before the decrease 22,852,900 shares, number of shares after the decrease 8,999,900 shares.

c. (3.03) shares will be reduced for every (5) shares.

d. Reason for Capital Decrease: Amortizing (99.97%) of the total accumulated losses amounting to (138,577,873) Saudi riyals.

e. Method of Capital Decrease:

− Amortizing (99.97%) of the total accumulated losses, an amount of (138,577,873) Saudi riyals.

− Cancellation of (13,853,000) shares of the company's shares.

f. Impact of the Capital Decrease on the Company's Obligations: There is no impact of reducing the company's capital on its financial obligations.

g. If the item is approved, the reduction decision will be effective on the company’s shareholders who own shares on the day of the extraordinary general assembly who are registered in the company’s shareholders records with the Securities Depository Center Company (Edaa Center) at the end of the second trading day following the date of the extraordinary general assembly that was decided in which the capital is reduced.

h. Amending of Article Seven (7) of the company’s Bylaw’s related to capital.

i. Amending of Article Eight (8) of the company’s Bylaw’s related to subscribing to shares (attached). Proxy Form E-Vote Shareholders may vote electronically on the general assembly meeting’s agenda through Tadawulaty. Voting and registration in the Tadawulaty system are provided free of charge to all shareholders.

Electronic voting will start on Wednesday 16/06/1443 corresponding to 19/01/2022 G, at 10 AM, and will continue until the end of the Assembly. 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 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        

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.