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The Board of Directors of Elm Company Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting)
7203
ELM
1.69
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1446/08/20 19/02/2025 16:17:01
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Elm Company is pleased to invite its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) which is scheduled for (09:00) PM on (Monday), (17/09/1446) H (corresponding to (17/03/2025) G) remotely through modern technology using Tadawulaty platform. |
| City and Location of the General Assembly's Meeting | Through modern technology using Tadawulaty platform (www.tadawulaty.com.sa), from Elm Company’s headquarter in Riyadh. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-03-17 Corresponding to 1446-09-17 |
| Time of the General Assembly’s Meeting | 21:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Every shareholder who is registered in Elm's share registry at the Securities Depository Center Company (Edaa) as of the end of the trading session preceding the Ordinary General Assembly has the right to participate in accordance with the rules and regulations. Eligibility for registering the attendance of the Ordinary General Assembly ends upon convening the Ordinary General Assembly. Eligibility for voting on the Ordinary General Assembly agenda items ends once the voting committee concludes the vote counting. |
| Quorum for Convening the General Assembly's Meeting | Based on Article (30) of Elm Company's bylaws, the Ordinary General Assembly will be quorate if attended by shareholders representing at least half of Elm's Company voting shares. In case this quorum is not met, a second meeting will be held within one hour of the scheduled time for the first meeting, and this second meeting will be valid regardless of the number of voting shares represented therein. |
| General Assembly Meeting Agenda | 1- Voting on authorizing the indirect interest of Board of Directors Mr. Raed Ismail and Mr. Abdullah Al-Salem in the transactions and contracts concluded between Elm and the Public Investment Fund, which is represented in the sale and purchase agreement concluded between Elm and the Public Investment Fund on 21/01/2025 (corresponding to 21/07/1446H) regarding Elm's acquisition of all shares of the Public Investment Fund in Thiqah Business Services Company. The consideration for the Acquisition will consist of an amount of SAR 3,400,000,000 without preferential terms. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the topics on the OGM’s agenda and ask questions about them. The shareholders who are registered on the website of Tadawulaty’s electronic services can remotely vote on the agenda items of the Ordinary General Assembly through electronic voting service. The remote voting will start at (01:00) AM on (Thursday), 13/09/1446H (corresponding to 13/03/2025G) and shall continue until the votes are collected in the Ordinary General Assembly. |
| Details of the electronic voting on the Assembly’s agenda | Please note that registration for Tadawulaty electronic services and voting is provided free of charge for all shareholders through the following link: www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | For enquires please contact the Investors Relations Department during official working hours through: Tel: +966112503962 Email: ir@elm.sa |
| Additional Information | It should be noted that the Ordinary General Assembly agenda item above constitutes part of the SPA conditions. For further information about the Acquisition, kindly refer to Elm Company's announcement on Tadawul dated 22/01/2025 (corresponding to 22/07/1446H). The Board of Directors of Elm Company emphasizes the importance for all shareholders to read the annexed documents prior to voting on the meeting agenda item set out above. |
| 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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