Raydan Food Co. — Proxy Solicitation & Information Statement 2021

Jun 21, 2021

Raydan Food Company Invites its Shareholders to Attend the (Extraordinary) General Assembly Meeting for Capital Increase (First meeting) via modern technology means

6012 · 21/06/2021 16:31:33 · Announcement #63833 · View on Saudi Exchange

Raydan Food Company Invites its Shareholders to Attend the (Extraordinary) General Assembly Meeting for Capital Increase (First meeting) via modern technology means

Element List	Explanation
Introduction	The Board of Directors of Raydan Food Co., a Listed Joint Stock Company, are pleased to invite the shareholders for participate and vote to the Extraordinary General Assembly Meeting, (The First Meeting), scheduled to be held at 08:30 PM on Tuesday 13-07-2021 (03-12-1442) virtually through Tadawulaty Platform (https://www.tadawulaty.com.sa) which allows shareholders to participated in the deliberation and vote the agenda items. This is in support of the preventive and precautionary efforts & measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by 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	By Means of Modern Technology in Jeddah City
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting	2021-07-13 Corresponding to 1442-12-03
Time of the Extraordinary General Assembly's Meeting	20:30
Attendance Eligibility	Each shareholder who is registered in the company's shareholder register at the Depository Center is entitled to attend the meeting of the Assembly 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	The Extraordinary General Meeting of the General Assembly shall be held in the presence of shareholders representing at least half of the company's capital, If the quorum required for holding this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid if shareholders representing at least a quarter of the capital attend.
Meeting Agenda	1- Voting on the Board’s recommendation to increase the Company’s capital by way of priority rights, according to the following:

• The reason for the capital increase: Supporting activity operations in the company's activity, new funds, working money week, to increase the capacity of the company's future activity.

• Method of Capital Increase: Offering and listing rights issue shares amounting to (11,250,000) ordinary shares.

• Eligibility Date: If the item is approved, eligible shareholders are those holding shares on the day of convening the Extra-Ordinary General Assembly and who are registered in the shareholders' registry with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the eligibility date.

• The total amount of the offering: One hundred and twelve million five hundred thousand (112,500,000) SR.

• Amending Article (7) of the Company’s bylaws relating to capital. (Attached)

• Amending Article (8) of the Company’s bylaws relating to shares subscriptions. (Attached).

2- Voting to add Article No. (13) to the company’s articles of association related to the issuance of debt instruments and instruments (Attached).

3- Voting on adding an article to the company's articles of association No. (14) related to the company's purchase, sale and pledge of its shares (Attached).

4- Voting on the amendment of Article (23) of the Company’s bylaws relating to, powers of the president, the delegated deputy, and the secretary (Attached)

5- Voting on the amendment of Article (43) of the Company’s bylaws relating to the committee’s reports (Attached)

6- Voting on the amendment of Article (47) of the Company’s bylaws relating to the financial documents (Attached)

7- Voting on the amendment of Article (54) of the Company’s bylaws relating to closed provisions (Attached)

8- Voting on rearranging the articles of the company's articles of association and numbering them; to comply with the proposed amendments in the above clauses (7-6-5-4-3-2) if approved. (Attached) Proxy Form E-Vote The company assures to all of its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 10:00 in the morning on Friday 29-11-1442 corresponding to 09-07-2021 till the end of Convening time of the assembly, noting that registration and voting in Tadawulaty, is available free of charge to all shareholders using the following link (www.tadawulaty.com.sa). 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 For any inquire please contact Investor Relations at:

Phone No. 6781177 12 966+

Email. info@raydan.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.