Depa Limited - NOTICE OF DEPA LIMITED ANNUAL GENERAL MEETING
Dubai, UAE; 11 April 2013: The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Monday 13 May 2013 at 17.00 at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 16.00.
The resolutions to be put forward for shareholder approval at the AGM are detailed as follows:
Ordinary Resolution:
Resolution 1: THAT the accounts for the year ended 31 December 2012 together with the Auditors’ Report thereon be approved.
Resolution 2: THAT Marwan Shehadeh be reappointed as a Director of the Company in accordance with the Articles of Association.
Resolution 3: THAT Faisal Al Matrook be reappointed as a Director of the Company in accordance with the Articles of Association.
Resolution 4: THAT Chris Foll be reappointed as a Director of the Company in accordance with the Articles of Association.
Resolution 5: THAT Ahmad Ramadan be appointed as a Director of the Company in accordance with the Articles of Association.
Resolution 6: THAT Hassan Abdullah be appointed as a Director of the Company in accordance with the Articles of Association.
Resolution 7: THAT Deloitte and Touche be re-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 at which accounts are laid.
Resolution 7: THAT PWC be appointed as independent Internal Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next general meeting at which accounts are laid.
Resolution 9: THAT the Directors be generally and unconditionally authorised to determine the remuneration of the Internal Auditors PWC and the External Auditors Deloitte and Touche.
Resolution 10: THAT the remunerations and compensations of AED 240,000/- be paid to each of the Members of the Board of Directors of the Company, excluding the CEO, for the fiscal year ended 31 December 2012 thereon be approved by the company shareholders.
Special Resolutions:
Resolution 11: THAT the shareholders of the Company approve the Board of Directors be granted the power to approve and implement a share buyback program, at any time or times within 12 months of the AGM at such times and prices as may be permitted by the rules, subject to approval of NASDAQ Dubai and other concerned authorities, as they, in their absolute discretion, think fit.
Only those members entered on the relevant register of shareholders at close of business on Tuesday April 23, 2013 (the "Record Date") shall be entitled to vote at the AGM. Please note that a member entitled to attend and vote at the Meeting is also entitled to appoint one or more proxies to vote on their behalf. A proxy appointed in this manner need not also be a member.
You will receive further communication shortly from either Deutsche Bank or your broker/custodian regarding this process and supporting documentation, which should be distributed via your usual channels to your clients and beneficial owners to facilitate their voting and attendance at this meeting.
