Depa Ltd – Result of Annual General Assembly
At the Annual General Meeting of Depa Limited held at 17.00 on 18 May 2011, the following resolutions were approved by shareholders:
Ordinary Resolutions:
Resolution 1
THAT the accounts for the year ended 31 December 2010 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 Helal Al Marri be reappointed as an independent director of the Company in accordance with the Articles of Association
Resolution 4
THAT Faisal Al Matrook be reappointed as an independent director of the Company in accordance with the Articles of Association
Resolution 5
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 6
THAT KPMG 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 7
THAT the directors be generally and unconditionally authorised to determine the remuneration of the Internal auditors KPMG and the External Auditors Deloitte and Touche.
Resolution 8
THAT the remunerations and compensations of AED 1,200,000/- be paid to the Members of the Board of Directors of the Company, excluding the CEO, for the fiscal year ended 31 December 2010 thereon be approved by the company shareholders.
100% 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.
207,432,221 shares were represented at the meeting and all shares were voted in favour of the resolutions.
130,002,331 proxy votes were handed to the Chairman of the Meeting for him to cast on behalf of Depa shareholders and 100% of all votes cast were in favour of the resolutions.
337,434,552 shares in total were represented in person or by proxy.
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