Dubai, UAE; 17 June 2015: Depa Limited [Nasdaq Dubai: Depa; “the Company” / “the Group”], one of the world’s leading interior contracting solutions providers, held its Annual General Meeting [“AGM”] at 1500hrs on 16 June 2015.
The following ordinary resolutions were all approved by shareholders with the exception of Resolution 3 and 4 being withdrawn as detailed further below:
RESOLUTION 1
THAT the Company’s financial statements as at and for the financial year ended 31 December 2014 together with the notes thereto and the auditor’s report thereon, be and are hereby approved and adopted.
RESOLUTION 2
THAT Abdullah Al Mazrui be and is hereby reappointed as a Non-Executive Non-Independent director of the Company in accordance with the Company’s articles of association.
RESOLUTION 3*
THAT El Sayed Zakaria be and is hereby reappointed as an Independent Director of the Company in accordance with the Company’s articles of association.
RESOLUTION 4*
THAT Mohamed Idriss be and is hereby reappointed as an Independent Director of the Company in accordance with the Company’s articles of association.
RESOLUTION 5
THAT Ernst & Young be and are hereby reappointed as independent external auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next general assembly meeting of the Company at which audited financial statements are laid.
RESOLUTION 6
THAT subject to the above Resolution No. 5 having been passed, the Board be and are hereby generally and unconditionally authorised to determine the remuneration of the external auditors, Ernst & Young.
Over 50% of 473,733,263 shares represented in person or by proxy voted in favour of these resolutions. A poll was conducted during the meeting as requested by the Chairman of the Meeting, Mr Mohamed Al Fahim, in-line with Depa Limited’s Articles of Association.
*Mr Zakaria and Mr Idriss, resigned on 16 June 2015 from their positions as Independent Board Members of the Company. Regrettably, their other professional commitments became too great for them to fulfil the requirements of their positions.
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For further enquiries, please contact:
Depa Ltd
David Holiday
Group General Counsel
Tel: + 971 4 446 2100
For more information, please refer to the corporate website: www.depa.com
