The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Wednesday 18 May 2011 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm.
The resolutions to be put forward for shareholder approval at the AGM are detailed as follows:
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 1,440,000/- 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.
Only those members entered on the relevant register of shareholders at close of business on Thursday April 14 (the "Record Date") shall be entitled to vote at the AGM. Tuesday 12th April will be the last day of trading prior to the Record Date, to ensure eligibility for attending/voting at the meeting. 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.
