At the Annual General Meeting of Depa Limited held at 17:00 on 18 May 2010, the following resolutions were approved by shareholders:
Ordinary Resolutions:
Resolution 1
THAT the accounts for the year ended 31 December 2009 together with the Auditors’ Report thereon be approved.
Resolution 2
THAT a dividend of 3.53 US cents per share is distributed in respect of the year ended December 31, 2009.
Resolution 3
THAT Mohannad Sweid be reappointed as a Director of the Company in accordance with the Articles of Association.
Resolution 4
THAT Riad Kamal be reappointed as a Director of the Company in accordance with the Articles of Association.
Resolution 5
THAT Orhan Osmansoy be reappointed as a Director of the Company in accordance with the Articles of Association.
Resolution 6
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 Ernst and Young be re-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 8
THAT the directors be generally and unconditionally authorised to determine the remuneration of the Internal auditors Ernst & Young and the External Auditors Deloitte and Touche.
Resolution 9
THAT the remunerations and compensations of AED 1,440,000/- be paid to the Members of the Board of Directors of the Company for the fiscal year ending 31 December 2009, excluding the Chief Executive Officer, thereon be approved by the company shareholders.
(Please note that Resolution 9 refers to remunerations and compensations of AED 1,440,000/- as the total sum to be shared between the Board of Directors of the Company, excluding the Chief Executive Officer.)
Over 99% of all 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 Abdullah Al Mazrui, in-line with Depa Limited’s Articles of Association.
171,787,305 shares were represented at the meeting and all shares were voted in favour of the resolutions.
198,367,655 proxy votes were handed to the Chairman of the Meeting for him to cast on behalf of Depa shareholders and over 99% of all votes cast were in favour of the resolutions.
370,154,960 shares in total were represented in person or by proxy.
Important Notes:
Following shareholder approval of the 2009 dividend, the funds will be paid out to shareholders on Tuesday 1st June.
