REG - Commercial Int Bank - Invitation to Extraordinary GM (EGM)

Commercial International Bank Egypt CIBAnnouncement

20/02/2024 07:00

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RNS Number : 7481D  Commercial Intnl Bank (Egypt) SAE  20 February 2024

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

Authorized Capital:    EGP 100 Billion

Issued and Paid-in Capital: EGP 30,195,010,000
Head Office: Nile Tower Building

21/23 Charles de Gaulle St., Giza,

C.R. 69826 Giza

 

Invitation to the Extraordinary General Assembly

 

The Board of Directors of the Commercial International Bank - Egypt (CIB)
S.A.E cordially invites the Bank's shareholders to attend the Extraordinary
General Assembly to be held Monday, March 25, 2024 at 3:00pm. 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 Article "73" of the Companies Law 159 of 1981 and its
amendment Law 4 of 2018 and in compliance with the Central and Banking System
Law 194 of 2020 and Article "39" of the Bank's Statutes, the General Assembly
will be held and participated in via 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 "E-magles"
Platform. that platform.

 

Shareholders who wish to attend virtually or in person should register using
the following link or the QR Code starting Monday, March 4, 2024.

 

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

rebrand.ly/cibbank
(file:///C:/Users/disacr/AppData/Local/Microso%23%0dft/Windows/INetCache/Content.Outlook/RHICI2IJ/rebrand.ly/cibbank)

 

 

 

Shareholders can start voting via E-magles Platform as of Wednesday, March 20,
2024.

 

 

The Extraordinary General Assembly Agenda:

 

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

Ø Delegate the Board of Directors the power to Issue financial instruments in
the form of Bonds, or Subordinated Loans, or Subordinated Deposits, or Hybrid
Financial Instruments for an aggregate amount of up to USD one billion or its
equivalent in local or other foreign currencies to finance the Bank's
activities, in addition to the remaining part of the previously approved
amount by the last Extraordinary General Assembly. All subordinated
instruments can be included in the Bank's capital and or subordinated capital
(Tier II capital), if need be. Moreover, authorizing the Board of Directors to
determine the necessary conditions and take all procedures and steps related
to the issuance and make any necessary amendments in accordance with the
requirements of the regulatory authorities.

 

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:       Detailed statements and 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 concerning the General Assembly Agenda items should
be addressed in writing to the Bank's Financial Controls 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 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 Sunday, April 21, 2024 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

Amin Hisham Ezz Al-Arab

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