At the Annual General Meeting of Depa Limited held at 17:00 on 5 May 2009, the following resolutions were approved by shareholders:
Ordinary Resolutions:
Resolution 1
That the accounts for the year ended 31 December 2008 together with the Auditors’ Report thereon be approved.
Resolution 2
That a dividend of 2.99 US cents per share is distributed in respect of the year ended December 31, 2008.
Resolution 3
That All Board Members be re-appointed as a director of the Company for 2009 in accordance with the Articles of Association (the “Articles”).
Resolution 4
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 5
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 6
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 7
That remunerations and compensations 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.
Special Resolutions:
Resolution 8
That by special resolution the shareholders of the Company approve the full cancellation of all shares repurchased by the Company through 31st March 2009 pursuant to the Share Buyback Authorization in order to reduce the share capital of the Company. Further, the shareholders of the Company approve the full cancellation of all shares repurchased by the Company in order to reduce the share capital of the Company on a quarterly basis thereafter, through the expiration of the Share Buyback Authorization, subject to approval of Nasdaq Dubai and other concerned authorities.
