Saudi Ceramic Co. — Share Issue/Capital Change 2015

Apr 13, 2015

Saudi Ceramic Co. invites its shareholders to attend the extraordinary general assembly meeting for discussion of Increase in share capital.

2040 · 13/04/2015 08:55:36 · Announcement #38057 · View on Saudi Exchange

Saudi Ceramic Co. invites its shareholders to attend the extraordinary general assembly meeting for discussion of Increase in share capital.

Board of Directors of Saudi Ceramic Co. is pleased to invite its shareholders owning 10 shares or more to attend Extraordinary general assembly (Second Meeting) to be held in the King Salamn hall in Sheraton Hotel Riyadh on 27-04-2015 corresponding to 08-07-1436 at 19:00 to consider the following agenda :

1.Approval of the Board of directors recommended to increase the company's capital from SAR 375 Millions to 500 Millions with an increase by 33%.

2.The number of shares before increase 37.5 Millions shares, The number of shares after increase 50 Millions shares.

3.Offering 1 bonus shares for every 3 shares owned.

4.The increase will be processed through capitalization of SAR 125 Millions from Retained Earnings account.

5.In line with the growth of the company and to complement the expansion of its business and to assure the strength of the company financial position.

The bonus shares are eligible to the shareholders who are registered in the shareholder's register in the Securities Depository Center (Tadawul) at the close of trading on the extraordinary general assembly day (second meeting).

The quorum necessary for the meeting to be in session should be attended by the shareholders representing 25% of the company's capital. Each shareholder owning 10 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to P.O.Box 3893 Riyadh 11481 and delivered to the company prior 3 day of the meeting.

Contact details : 0114981030 Ext. 401 ,423

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