REG - Commercial Int Bank - Invitation to CIB's Extraordinary General Assembly

Commercial International Bank Egypt CIBAnnouncement

16/02/2023 07:00

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RNS Number : 1299Q  Commercial Intnl Bank (Egypt) SAE  16 February 2023

Commercial International Bank (Egypt) S.A.E.

Authorized Capital:    EGP 50 Billion

Issued and Paid-in Capital: EGP 29,990,562,870
Head Office: Nile Tower Building

21/23 Charles de Gaulle St., Giza,

C.R. 69826 Giza

 

Invitation to the Extraordinary General Assembly

 

The Bank's Board of Directors cordially invites the shareholders to attend the
Extraordinary General Assembly to be held Monday, March 20, 2023 at 03:30pm.
The meeting will be held at the Bank's premises in the Financial District,
Smart Village, Zone F10, Building B-219, (Km 28 Cairo-Alex. Desert Road).

In accordance to the General Investment Authority and Free Zones Decree 160
dated March 18, 2020, the General Assembly will be held and participated in by
virtual means, using "E-magles" platform. Shareholders are to attend the
assembly in person or via the above mentioned platform - which is considered
an authentic attendance. Shareholders voting on the items of the agenda should
be via that platform.  Shareholders who wish to attend virtually or in person
should register using the following link or the QR code starting Wednesday,
1(st) of March 2023.

 

For attendance and voting purposes, blocking shares certificates, powers of
attorney, and attendance authorizations are to be sent via the same link or
the QR code down below.

rebrand.ly/cibbank
(file:///H%3A/My%20Work/General%20Assembly%20Meeting/GA%2020%20March%202023/rebrand.ly/cibbank)

 

 

Shareholders can start voting via E-magles Platform as of Wednesday, March 15,
2023.

 

 

The Extraordinary General Assembly Agenda:

 

The Assembly shall meet to consider the following items on the agenda:

 

(1)    Approve amending the following Articles of the Bank's Bylaws:
Articles "1", "2", "3", "4", "6", "8", "17", "20", "22", "23", "24", "25",
"29", "30", "32", "33", "39", "40", "42", "43", "44", "46bis", "47bis", "48",
"48bis", "49", "51", "52", "55", "55bis", "57", and "58".  These amendments
shall come into effect after obtaining the approval of the Central Bank of
Egypt.

(2)    Delegate the Board of Directors the power to issue financial
instruments in the form of Bonds or Subordinated Loans for an aggregate amount
of USD 1bn or local/foreign equivalent and approve the prospectus of these
issues and to fulfill all necessary procedures in relation thereof.

 

Please note the following:

 

First:         Each shareholder is entitled to attend the General
Assembly meeting in person or by a power of attorney or written authorization
to another shareholder, other than CIB's Board Members.  Any shareholder is
not entitled to represent in the form of proxies more than 10% of the total
Bank shares and 20% of the shares represented at the Meeting.

 

Second:     For attendance purposes, each shareholder is requested to
present through the link on the E-magles Platform a certificate accompanied by
statement of blocked shares issued by an authorized custodian confirming
blocking of shares at least three days prior the meeting date.

 

Third:       All documents - as stipulated in articles 228 of the
Executive Regulations of Law No. 159/1981 -  will be available at the Bank's
Financial Controls Department, Head Office, during the Bank's official working
hours for the perusal of all shareholders.

 

Fourth:     Any inquiry or question concerning the Extraordinary General
Assembly Agenda items should be addressed in writing to the Bank's Financial
Control Department, Head Office, via registered mail or hand delivered against
a receipt, at least three days prior the Assembly date.  Only items
pertaining to the stated agenda shall be discussed during the meetings.

 

Fifth:        The resolutions of the Extraordinary General Assembly
shall be issued by a majority of two-thirds of the shares represented in the
meeting without prejudice to any other voting requirements stipulated in the
relevant regulations.

 

Sixth:        If the legal quorum of the Extraordinary General Assembly
is not attained, a second meeting will take place Tuesday, April 4(th), 2023
at 2:30 pm at the same venue.  The second meeting of the Extraordinary
General Assembly shall be considered valid if attended by a number of
shareholders representing at least one fourth of the Bank's capital.

 

 

 

 

Chairman of the Board

Sherif Samy

 

 

http://www.rns-pdf.londonstockexchange.com/rns/1299Q_1-2023-2-16.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1299Q_1-2023-2-16.pdf)

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