DEPA LIMITED ANNOUNCES RESULTS OF THE ANNUAL GENERAL MEETINGJun 26 ,2014
Dubai, UAE; 26 Jun 2013: Depa Limited held its Annual General Meeting (“AGM”) at 16.00 on 25 Jun 2013
The following ordinary resolutions were all approved by shareholders:
THAT the company's financial statements for the financial year ended 31 December 2013 together with the notes thereto and Auditors’ Report thereon be approved
THAT Fahad Al Nabet be reappointed as an independent director of the Company in accordance with the Company’s articles of association.
THAT Roderick Maciver be reappointed as an independent director of the Company in accordance with the Company’s articles of association.
THAT Ernst &Young be appointed as independent external auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next general meeting of the Company at which audited financial statements are laid
THAT the Board of Directors be generally and unconditionally authorised to determine the remuneration of the External auditors, Ernst & Young.
THAT the remunerations and compensations of AED 10,000 be paid to each Member of the Board of Directors of the Company for each Board Meeting attendance and the remunerations and compensations of AED 5,000 be paid to each Board Committee Member for each Committee Meeting attendance, for the financial year ended 31 December 2013 thereon be approved by the company shareholders.
Over 50% of 398,953,391 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.
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