23 March, 2014

Board of Directors of Aldar Properties PJSC has the honour to invite the Shareholders to attend the Ordinary and Extraordinary General Meetings of the Shareholders of the Company as follow:

  • Extraordinary General Meeting

The Extraordinary General Meeting of the Shareholders of the Company will be held at 4:00 pm, on Wednesday, March 19, 2014 at Yas Viceroy Hotel, Yas Island, Abu Dhabi, to discuss the following Item:   

  • The revocation of the resolution issued by the EGM in its meeting dated 03rd March 2013 relating to the changing

of the Company's Company's Legal name to be "ALDARSorouh Properties PJSC" and to retain the current Legal name as "ALDAR Properties PJSC".

The Ordinary General Meeting of the Shareholders of the Company will be held at 4:15 pm, on Wednesday, March 26, 2014 at Yas Viceroy Hotel , Yas Island, Abu Dhabi, to discuss the following agenda:

  1. Consider and approve the Report of the Directors on the Company's activities and financial position for the year ended on 31 December 2013.
  2. Consider and approve the Auditor's Report on the Company's financial position for the year ended on 31 December 2013.
  3. Consider and approve the Company's Balance Sheet and Profit and Loss Account for the year ended on 31 December 2013.
  4. Consider and approve the Board's proposal to distribute 7% as cash dividends to shareholders for the year ended on 31 December 2013
  5. Absolve the Board and the auditors from liability for the year ended on 31 December 2013.
  6. Consider and approve the remuneration of the Board of Directors for the year ended on 31 December 2013.
  7. Appoint the Company's auditors for the year 2014 and determine their fees.

Board of Directors of Aldar Properties PJSC

Notes:

  • Each shareholder, who is registered in the Company share register on Tuesday, March 18, 2014, has the right to attend the Extraordinary General Meetings and vote on the resolutions issued therein.
  • Each shareholder, who is registered in Company share book on Tuesday, March 25, 2014, has right to attend the Ordinary General Meetings and vote on the resolutions issued therein.
  • Each Shareholder entitled to attend the company general meeting, may authorise any representative of his choice other than director, to attend the above mentioned Ordinary and Extraordinary General Meetings by a written proxy (as per the attached format included with the invitation dispatched by registered mail), provided that the aforesaid representative must not, in such capacity, hold more than 5% of the company share capital.
  • If the quorum is not present at the scheduled time of the Extraordinary General Meeting, then the second meeting shall be held at the same time and place on Wednesday, March 26, 2014. If the quorum is not present at the scheduled time of the second meeting, then the third meeting shall be held at same time and place on Sunday, April 27, 2014.
  • If the quorum is not present at the scheduled time of the Ordinary General Meeting, then the second meeting shall be held at the same time and place on Wednesday, April 2, 2014. The quorum of the second meeting shall be deemed legal with any number of shareholders present at the meeting.
  • Shareholders that are registered in the Company's share book on Sunday April 6, 2014, will be entitled to receive the dividends, only if the minimum number of attendees are present at the ordinary first meeting, intended to be held on March 26, 2014. Shareholders that are registered in the Company's share book on Sunday, April 13, 2014, will be entitled to receive the dividends, as per the meeting to be held on Wednesday, April 02, 2014.
  • If the minimum number of attendees for both the ordinary and extraordinary meeting are not present, then the proxies issued for the purpose of attending the first meeting shall be deemed valid for any subsequent meetings. Unless these were expressly revoked by the relevant shareholder in a written notice addressed to National Bank of Abu Dhabi (att. Securities and Funds Administration Services Department) on P.O. Box: 6865, 9th Floor, Khalidiya Branch - Khalidiya, Abu Dhabi, at least two days prior to the date of subsequent meeting.
  • A copy of the financial report and profit and loss statements for the fiscal year ending on Dec. 31, 2013, will be available at the meeting and the shareholders may see the financial statements & the 2013 Corporate Governance Report of the company on ADX website.
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