NOTICE of DEPA LIMITED 2009 ANNUAL GENERAL MEETINGApr 2 ,2009
Template Name : General Disclosure - Free Text
Issuer name : Depa Limited
Headline : NOTICE of DEPA LIMITED 2009 ANNUAL GENERAL MEETING
The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Tuesday 5 May 2009 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm.
The resolutions to be put forward for shareholder approval at the AGM are detailed as follows:
Resolution 1 That the accounts for the year ended 31 December 2008 together with the Auditors’ Report thereon be approved.
Resolution 2 That a dividend of 2.99 US cents per share is distributed in respect of the year ended December 31, 2008.
Resolution 3 That All Board Members be re-appointed as a director of the Company for 2009 in accordance with the Articles of Association (the “Articles”).
Resolution 4 That Deloitte and Touche be re-appointed as independent External Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next general meeting at which accounts are laid.
Resolution 5 That Ernst and Young be re-appointed as independent Internal Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next general meeting at which accounts are laid.
Resolution 6 That the directors be generally and unconditionally authorised to determine the remuneration of the Internal auditors Ernst & Young and the External Auditors Deloitte and Touche.
Resolution 7 THAT the remunerations and compensations of AED 240,000/- be paid to the Members of the Board of Directors of the Company for the fiscal year ending 31 December 2009, excluding the Chief Executive Officer, thereon be approved by the company shareholders.
Resolution 8 THAT by special resolution the shareholders of the Company approve the full cancellation of all shares repurchased by the Company through 31st March 2009 pursuant to the Share Buyback Authorization in order to reduce the share capital of the Company. Further, the shareholders of the Company approve the full cancellation of all shares repurchased by the Company in order to reduce the share capital of the Company on a quarterly basis thereafter, through the expiration of the Share Buyback Authorization, subject to approval of Nasdaq Dubai and other concerned authorities
Deutsche Bank has been appointed as the tabulation agent and is authorised to collect all voting instructions and requests for attendance from NASDAQ Dubai members. If you are not a direct NASDAQ Dubai, member you will be asked to lodge your instructions with your relevant custodian in their capacity as a NASDAQ Dubai member who will then validate and lodge all their instructions with Deutsche Bank, as the tabulation agent.
Only those members entered on the relevant register of shareholders at close of business on April 6, 2009 (the Record Date) shall be entitled to vote at the AGM. Please note that a member entitled to attend and vote at the Meeting is also entitled to appoint one or more proxies to vote on their behalf. A proxy appointed in this manner need not also be a member.
You will receive further communication shortly from either Deutsche Bank or your broker/custodian regarding this process and supporting documentation, which should be distributed via your usual channels to your clients and beneficial owners to facilitate their voting and attendance at this meeting. Additionally, all relevant documentation will be made available in the Investor Relations Section of the Depa Ltd website; www.depa.com