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Filing and Packing Materials Manufacturing Co. Proxy Solicitation & Information Statement 2017
53307_rns_2017-04-20_463c340b-f134-44e6-acbf-b5f23ae6b1d5.html
Proxy Solicitation & Information Statement
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Filling & Packing Materials MFG. Co. (FIPCO) invites its shareholders to attend the 8th extra ordinary General Assembly Meeting (EGM), (Third Meeting).
2180 · 20/04/2017 15:32:32 · Announcement #46536 · View on Saudi Exchange
Filling & Packing Materials MFG. Co. (FIPCO) invites its shareholders to attend the 8th extra ordinary General Assembly Meeting (EGM), (Third Meeting).
Filling and Packing Materials MFG. Co. (FIPCO) is pleased to invite its shareholders to attend the extra ordinary general assembly meeting (EGM) no. 8, scheduled to take place on Monday 05/08/1438H corresponding to 01/05/2017 at 7:00 PM, at FIPCO head office, 2nd industrial area, Kharj road, Riyadh to discuss the following Agenda:
1- Vote to approve the report of the Board of Directors for the financial year ending 31/12/2016.
2- Vote to approve the External Statutory Auditors Report for the financial year ending 31/12/2016.
3- Vote to approve the audited financial statements of the company for the financial year ending 31/12/2016.
4- Vote to approve the Board of Directors recommendation to distribute cash dividends to the shareholders for the financial year ending 31/12/2016 amounted to SR 0. 5 per share with total value of SR 5,750,000 (equivalent to 5 % of the face value), considering that The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center on the day of the General Assembly, while the distribution date will be within 15 working days following the EGM if approved.
5- Vote to approve the Board of Directors remuneration for the financial year ending 31/12/2016, which has been detailed in the annual board report for the financial year ending 31/12/2016.
6- Vote to absolve the Board of Directors members of any liability pertaining to the management and administration of the company for the financial year ending 31/12/2016.
7- Vote on the appointment and audit fees of the External Statutory Auditors nominated by the Audit Committee for the audit of the quarterly and annual financial statements for the financial year ending 31/12/2017 and the first quarter of 2018.
8- Vote on the amendment of the company bylaws in accordance with the new Companies Act, issued by MCI.
9- Vote on the formation, the duties, remuneration and the internal regulations of the Audit Committee upon the proposal of the Board of Directors for a three years term that commences on Jan. 01, 2016 and will be ended in 31/12/2018,The candidates are as follows:
a. Mr. Fawzi Ibrahim Alhobayeb (out of the board of directors).
b. Mr. Abdulaziz Sulaiman AlAtiqi (out of the board of directors).
c. Mr. Muhammed Saleh Alathel ( an independent BOD member).
10- Vote on the updated policy of the Audit Committee.
Each shareholder shall have the right to attend the meeting, while the Shareholders who cannot attend the meeting may appoint a proxy, taking into consideration that the proxy must not be a member of the board or an employee of the company or who assigned to do a permanent services in favor of the company. The proxy letter must be signed and authenticated by an authorized Commercial Bank, Chamber of Commerce or authorized persons, notary public or persons authorized in performing notary public, hence it will be submitted to the investor relations Dept. at the company head quarter located in 2nd industrial area, Kharj road, Riyadh, two working days before the Meeting.
It is necessary for each shareholder to bring a valid ID as well as the original proxy Letter (If any) when attending the meeting, and to attend at least one hour before the meeting time to finalize the registration.
Please note that the Extraordinary General Assembly meeting will be valid if attended or represented by any amount of Company capital, in addition the shareholders will be enabled to remotely voting on the meeting agenda by enrolling their information free of charge through the link (www.tadawulaty.com.sa).
It is noteworthy that all paper and documents of the EGM will be available for perusal at FIPCO head office, Investor Relations Dept.
Shareholders are welcome to send their inquiries by directly contacting our Investor Relations department by phone (0096612652299 # 777) during the working hours or by email [email protected] or [email protected]
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.