Methanol Chemicals Co. — AGM Information 2022

May 25, 2022

Methanol Chemicals Co. announces to Invites its Shareholders to Attend the Extraordinary General Assembly Meeting through the Modern Technology Means ( First Meeting )

2001 · 25/05/2022 16:17:38 · Announcement #68488 · View on Saudi Exchange

Methanol Chemicals Co. announces to Invites its Shareholders to Attend the Extraordinary General Assembly Meeting through the Modern Technology Means ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Methanol Chemicals Company is pleased to invite the Company’s shareholders to attend the Extraordinary General Assembly Meeting (first meeting, and second meeting will be held after one hour) on Thursday 17/11/1443 H. Corresponding to 16/06/2022 at 08:30 pm. The meeting will be held via modern technology provided by Tadawulaty.
City and Location of the General Assembly's Meeting	Company Head Office – Jubail Industrial City
URL for the Meeting Location	https://www.tadawulaty.com.sa/
Date of the General Assembly's Meeting	2022-06-16 Corresponding to 1443-11-17
Time of the General Assembly's Meeting	20:30
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting	As per Article (34) of the Company’s Articles of Association, “the meeting of the Extraordinary General Assembly shall be valid only if attended by Shareholders representing at least half of the share capital. If the required quorum is not satisfied for this meeting, a second meeting shall be held one hour after the expiration of the designated period for convening the first meeting. The second meeting shall be valid if attended by Shareholders representing at least one quarter of the share capital.
General Assembly Meeting Agenda	1. Voting on amending Article 10 of the Company’s Articles of Association related to Issuance of Shares (attached).

2. Voting on amending Article 13 of the Company’s Articles of Association related to Capital increase, (attached).

3. Voting on amending Article 17 of the Company’s Articles of Association related to Formation of the Board of Directors, (attached).

4. Voting on amending Article 18 of the Company’s Articles of Association related to Membership Termination, (attached).

5. Voting on amending Article 19 of the Company’s Articles of Association related to Board Vacant Position, (attached).

6. Voting on amending Article 20 of the Company’s Articles of Association related to Chairman of Board of Directors, Managing Director, Chief Executive Officer, and Board Secretary, (attached).

7. Voting on amending Article 22 of the Company’s Articles of Association related to the Powers of the Board of Directors, (attached).

8. Voting on removal of Article 23 of the Company’s Articles of Association related to the Powers of the Chief Executive Officer, (attached).

9. Voting on amending Article 24 of the Company’s Articles of Association related to the Remuneration of the Board Members, (attached).

10. Voting on amending Article 25 of the Company’s Articles of Association related to the Board Meetings, (attached).

11. Voting on amending Article 27 of the Company’s Articles of Association related to Attending Assemblies, (attached).

12. Voting on amending Article 47 of the Company’s Articles of Association related to Distribution of profits, (attached). Proxy Form E-Vote The shareholders can remotely vote on the General Assembly Meeting’s agenda via E-voting service through Tadawulaty website: www.tadawulaty.com.sa.

The registration in Tadawulaty service and voting is provided free of charge for all shareholders. The remote voting will start on Sunday 13/11/1443 H Corresponding to 12/06/2022 at (10:00) am, and the voting will end once the Extraordinary General Meeting ended. Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication Shareholders’ inquires and questions will be received starting from Sunday 13/11/1443H Corresponding to 12/06/2022 via email: investorrelations@chemanol.com or phone 0133438008.

Please note that to accept the inquires, a shareholder is required to send a copy of his identity Additional Information Remote voting will suffice 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.