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

Commercial International Bank Egypt CIBAnnouncement

16/02/2023 07:00

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RNS Number : 1300Q  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 Ordinary General Assembly

 

The Bank's Board of Directors cordially invites the shareholders to attend the
Ordinary General Assembly Meeting to be held Monday, March 20, 2023 at
02:30pm. 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 the E-magles platform as of Wednesday, March
15, 2023.

 

 

 

 

The Ordinary General Assembly Agenda:

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

 

(1)    Approve the Board of Directors' Report for the FY 2022.

 

(2)    Approve the Governance Report with its associated Auditors' Reports
for the FY 2022.

 

(3)    Approve the Auditors' Reports on the separate and consolidated
financial statements for the FY 2022.

 

(4)    Ratify the separate and consolidated financial statements for the FY
2022.

 

(5)    Approve the Appropriation Account for the FY 2022 and delegate the
Board to set and approve the guidelines for the staff profit share
distribution.

 

(6)    Approve the increase of the issued and paid in capital by
(20,444,713) shares at par value of EGP 10 per share, representing EGP
204,447,130, to fulfill the bank's obligations pertaining to "Year 14" of the
"Promise to Sell - Employees' Stock Ownership Plan" approved by the Financial
Regulatory Authority and approve amending articles "Six" and "Seven" of the
Bank's statues to reflect the above increase in the issued capital, subject to
the approval of the Central Bank of Egypt.

 

(7)    Approve the changes to the Board of Directors' composition since the
last General Assembly held March 27, 2022.

 

(8)    Discharge the Chair and Members of the Board from all liabilities
with regard to the Bank's activities during the FY 2022.

 

(9)    Elect the Members of the Board for the upcoming Board Term (March
2023-March 2026).

 

(10)  Approve the proposed Board and Board's Committees annual allowance and
remuneration for the Non-Executive Directors for the FY 2023.

 

(11)  Approve the appointment of the External Auditors and approve the
proposed fees for the FY 2023.

 

(12)  Authorize the Board of Directors to effect donations exceeding EGP 1000
during the FY 2023 and ratify all donations made during the FY 2022.

 

(13)  Authorize the Non-Executive Directors of the Board to assume full time
jobs in other shareholding companies.

 

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 219, 220 and 221
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 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 Ordinary General Assembly shall be
issued by the absolute majority of the shareholders' votes represented in the
meeting.

 

Sixth:        If the legal quorum of the Ordinary General Assembly is
not attained, a second meeting will take place Tuesday, March 21(st), 2023 at
2:30 pm at the same venue.  The second meeting of the Ordinary General
Assembly shall be considered valid regardless of the number of shares
represented therein.

 

 

 

 

 

 

Chairman of the Board

Sherif Samy

 

 

 http://www.rns-pdf.londonstockexchange.com/rns/1300Q_1-2023-2-16.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1300Q_1-2023-2-16.pdf)

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