ADVANCED PETROCHEMICAL COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE 11TH EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) VIA MODERN TECHNOLOGY MEANS
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Advanced Petrochemical Company (Advanced) is pleased to invite its shareholders to participate and vote in the 11th Extraordinary General Assembly Meeting (Frist Meeting) which will be held at (22:45) on Monday April 10, 2023, corresponding to 19/09/1444H via modern technology means. |
| City and Location of the General Assembly's Meeting | Through modern technology means (remotely) provided through “Tadawulaty” platform. |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-04-10 Corresponding to 1444-09-19 |
| Time of the General Assembly's Meeting | 22:45 |
| Attendance Eligibility | All shareholders registered in the issuer’s shareholders registry in the Securities Depository Center (“Edaa”) by the end of the trading session preceding the General Assembly Meeting, and as per the laws and regulations. A shareholder has the right to discuss the topics on the agenda of the general assembly and ask questions. |
| Quorum for Convening the General Assembly's Meeting | The quorum to convene the Extraordinary General Meeting is the attendance of shareholders representing at least fifty (50%) percentage of the Company capital. If such quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting and the second meeting will be considered as duly convened if attended by shareholders representing at least twenty five (25%) percent of the capital. |
| General Assembly Meeting Agenda | Attached. |
| Proxy Form |  |
| E-Vote | Shareholders can remotely vote on the agenda items through (E-Voting System) starting from 01:00 p.m. Thursday April 06, 2023, corresponding to 15/09/1444H until the end of the General Assembly Meeting. The registration in Tadawulaty services and voting are available and provided free of charge for all shareholders through the following link: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | For any inquiry and clarification, please contact the Shareholders Relations at 0133566061 or Email: IR@advancedpetrochem.com |
| Additional Information | The Company would like to clarify that the 10th Extraordinary General Assembly, held on March 20, 2022, already approved to purchase (1,5000,000) shares, where only (849,345) shares were purchased till now. The recommended purchase of (650,655) shares in agenda item (10) will be within the maximum limit (1,500,000) shares approved by the 10th Extraordinary General Assembly in the event that this Assembly approves the recommendation of the Board of Directors. |
| 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.