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Bupa Arabia for Cooperative Insurance Co. Announces invitation to extraordinary general meeting that includes Increase of the company’s capital ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Bupa Arabia for Cooperative Insurance Company (the Company or Bupa Arabia) hereby cordially invites the shareholders to attend the Extraordinary General Assembly Meeting, to be held on Thursday 14th Rabe’ AlAwwal 1440H, corresponding to 22nd November 2018G, at 20:30. |
| City and Location of the Extraordinary General Meeting | Bupa Arabia's Jeddah Head Office, Prince Saud Al-Faisal Street, Al-Khalediyah District, Jeddah |
| Link at the meeting | https://goo.gl/maps/xhifFv2Mt832 |
| Date of the Extraordinary General Meeting | 2018-11-22 Corresponding to 1440-03-14 |
| time of the Extraordinary General Meeting | 20:30 |
| shareholding Eligibility to attend general assembly meeting | Any shareholder of Bupa Arabia has the right to attend this General Assembly meeting, either in person or through a proxy, provided a registered shareholder in the register of the shareholders of Bupa Arabia as per the securities Depository Center shareholder registry at the close of trading of the date of the Extraordinary General Assembly Meeting, as per the rules and regulations. For those who cannot attend they have the right to assign another person (as long as not a Board member and not an employee of Bupa Arabia) to attend the General Assembly on his/her behalf under a written Power of Attorney (POA) (please refer sample at the attachment of this communication) and which must be attested/certified by a recognized authority, such as the following: -Industrial Commercial Chambers if the shareholder is an affiliate in one of them. This is also applicable if the shareholder is a company or juristic personality. -Saudi banks provided that the assignee has an account at the ratifying bank. -Official notary office. POAs must be submitted to the Bupa Arabia Head Office located in Prince Saud Al-Faisal Street in Jeddah, P.O. Box 23807, Jeddah 21436 or it may be sent by Fax to facsimile number: +966 (0) 12 692 0525 at least two (2) days prior to the Extraordinary General Assembly Meeting. On the Extraordinary General Assembly Meeting date, the POAs will be presented. |
| Quorum as percentage of shareholding | The quorum for holding the Extraordinary General Assembly Meeting is 50% of the Company's capital overall, as per article 33 of the Company's By-Laws. In the absence of a quorum required for holding the meeting, a second meeting can be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by shareholders representing at least 25% of the Company's capital. |
| Meeting Agenda | To consider and vote on the resolutions per the attached agenda |
| proxy details form |  |
| E-Vote | The electronic voting period will start from 10:00 on Sunday 18th November 2018G, and will end on Thursday 22nd November 2018G, at 16:00. To note that registration and voting on the Tadawulaty system is freely available to all Tadawulaty registered shareholders by using this link: www.tadawulaty.com.sa |
| Additional Information | For any further information please contact the Company through e-mail, to invest@bupa.com.sa , or call the Legal Affairs & Corporate Governance Department, during business hours to 920000456 extension 5412, and an authorized Company representative will respond to your query. |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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