The administration council of Advanced Petrochemical Company is pleased to invite all shareholders who owns 20 shares and above to attend the forth extraordinary general assembly meeting to discuss the increase of the company's capital. The meeting will be held on Tuesday 29th of Rabi I 1432 H corresponding to the 21st of February 2012 in Advanced main office in Dammam (Al-Khaleej Cornish Street - SAMK Building - Fifth Floor) at 6:30 PM. And the agenda of this meeting is as follows:

(1) Approve the year end 2011 report,
(2) Approve the financial statements and the financial auditor report for the year end 2011,
(3) Approve the recommendation of the company's board of directors to distribute the second half of 2011 dividends (SR 141.37 million - SR 1 per share) to shareholders which equal to 10% of company's capital. They will be distributed to those who are in the list taken from Tadawul at the end of the day of the extraordinary general assembly meeting.
(4) Approve the recommendation of the company's board of directors to increase company's capital by 16% (from 1,413,750,000 to 1,639,950,000 shares) in order to finance the plant expansions and future projects and one bonus share will be granted to every (6.25) shares owned by shareholders enrolled at the end of the trading day of the forth extraordinary general meeting. The value of the increase in capital will be covered by the company's retained earnings remained and fractional shares will be collected and sold to shareholders. Thus the number of shares will increase from (141,375,000) shares to (163,995,000) shares.
(5) The amendment of Article (7) of the Company's Statute in accordance with the proposed increase in capital.
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Ce noodl a été diffusé par Advanced Petrochemical Company et publié initialement sur http://www.advancedpetrochem.com. Il a été distribué par noodls le 2012-02-21 10:00:52 AM sans aucune modification. L’émetteur est seul responsable de l’exactitude des informations fournies.