Jarir Marketing Co. — Proxy Solicitation & Information Statement 2011

Dec 12, 2011

Jarir Marketing Company invites its shareholders to attend the 5th Extraordinary General Assembly Meeting (EGM) to increase the companys capital (Reminder)

4190 · 12/12/2011 08:46:21 · Announcement #23355 · View on Saudi Exchange

Jarir Marketing Company invites its shareholders to attend the 5th Extraordinary General Assembly Meeting (EGM) to increase the companys capital (Reminder)

Jarir Marketing Company is pleased to invite its shareholders to the extraordinary general assembly meeting ( no. 5 ) , scheduled to be held at Prince Salman Hall , Sheraton Riyadh on Sunday 25/12/2011 corresponding to 30/01/1433 at 5:30 PM , to discuss the following Agenda :

1.Approve the recommendation of the board of directors to increase the capital of the company from SR 400,000,000 to SR 600,000,000, an increase of 50 % by awarding one bonus share for each 2 existing shares which increases the shares of the company from 40 Million to 60 million shares , and the capital increase ( SR 200,000,000 ) will be met as follows ;

An amount of ( SR 77,471,000 ) to be transferred from the Statutory Reserve , as in the financial statements for the nine months ended 30/09/2011

An amount of ( SR 122,529,000 ) to be transferred from the Retained Earnings , as in the financial statements for the nine months ended 30/09/2011

2.Approve the amendment of Article ( No. 7 ) of company bylaws regarding the companys capital to cope up with the capital increase ( above referred ) as follows :

The capital of the company has been fixed at Six Hundred Million ( SR 600,000,000 ) divided into ( 60,000,000 ) shares of equal value , with the par value of ( SR 10 ) per share ; all of which shall be ordinary nominal shares representing the companys capital paid at the time of conversion .

The bonus shares ( if approved ) will be awarded for the shareholders registered in the companys books with Tadawul by the end of the trading date of the extraordinary general assembly meeting .

In line with the Article ( No. 26 ) of the company bylaws , the extraordinary general assembly meeting shall be valid only if attended by shareholders representing at least one-half of the capital , in addition that the Article ( No. 19 ) of the company bylaws includes that any shareholder holding at least ( 20 ) shares, shall have the right to attend the extraordinary general assembly meeting as well .

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