REG - EFG-Hermes Holdings - AGM Summary of Resolutions

EFG Holding SAEAnnouncement

19/05/2022 08:45

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RNS Number : 0908M  EFG-Hermes Holdings SAE  19 May 2022

TRANSLATION FROM ARABIC

Summary of Resolutions for the Annual General Meeting

EFG Hermes Holding S.A.E.

Held on May 19(th), 2022

 

Resolution no.1

The AGM approved the Board of Directors' report on the company's activities
for the financial year ended 31/12/2021.

 

 

Resolution no.2

The AGM approved the financial auditor's report on the financial statements
for the fiscal year ended 31/12/2021.

 

 

Resolution no.3

The AGM ratified the financial statements for the fiscal year ended
31/12/2021.

 

 

 

Resolution no.4

The AGM approved the corporate governance report for the fiscal year ended
31/12/2021.

 

 

 

Resolution no.5

The AGM ratified the increase of the Company's issued and paid in capital from
EGP4,865,353,355 to EGP5,838,424,030 through the transfer of EGP973,070,675
from the retained earnings account as at 31/12/2021 to the capital increase
account and distributing 194,614,135 bonus shares, representing (1) bonus
share for every 5 shares held by each shareholder, and authorized the CEO to
determine the bonus shares ex-date in accordance with the FRA, EGX and MCDR
procedures.

 

 

 

 

 

 

Resolution no.6

The AGM approved the appropriations account for the fiscal year ended
31/12/2021 as follows:

                                            For the Fiscal Year ended 31/12/2021

                                            (EGP)
   Net Profit for the year                  543,639,284
   Retained earnings                        729,501,492
   Profits appropriate for distribution     1,273,140,776
   Distributed as follows:
   Legal Reserve                            27,181,964
   Shareholders' dividends- bonus shares    973,070,675
   Employees portion                        63,345,819
   Non-Executive Board of Directors' bonus  2,992,198
   Retained Earnings                        206,550,119
   Total                                    1,273,140,776

 

Resolution no.7

The AGM approved amending articles (6) and (7) of the company's statutes in
light of the proposed capital increase as follows:

 

Article (6) after amendment:

Authorized capital of EGP6 billion and issued/paid-in capital of
EGP5,838,424,030 distributed on 1,167,684,806 shares.

 

Article (7) after amendment:

Issued/paid-in capital consists of 1,167,684,806 shares with a par value of
EGP5 per share.

 

 

Resolution no.8

The AGM approved the discharge of the Board members from all liabilities
concerning the activities of fiscal year 2021.

 

Resolution no.9

The AGM approved non-executive Board members' remunerations for the fiscal
year 2021, and approved the Board of Directors' remunerations, attendance and
travel allowances for the fiscal year 2022.

 

 

 

Resolution no.10

The AGM approved the Board of Directors' decision on 13/01/2022 to accept the
resignation of Mr. Hatem Abdel Moneim Montasser, Partner at KPMG Hazem Hassan,
as the Company's auditor for the fiscal year 2021, and appoint Mr. Ihab
Mohamed Fouad Abu Al-Majd, Partner, at KPMG Hazem Hassan, as the Company's
auditor for the fiscal year 2021.

 

Resolution no.11

The AGM approved the reappointment of the Company's financial auditor - Mr.
Ihab Mohamed Fouad Abu Al-Majd, Partner, at KPMG Hazem Hassan and delegated
the Board of Directors to determine the fees based on a recommendation from
the audit committee.

 

 

Resolution no.12

The AGM ratified the donations for the fiscal year 2021 which totaled to
EGP40,000,000; and authorized the Board to approve donations in excess of
EGP1,000 during the fiscal year 2022. Additionally, the AGM ratified a
donation of EGP5,000,000 during the fiscal year 2022 for Tahya Misr fund.

 

 

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 35357017

 

Head of Investor Relations - Hanzada Nessim

Email: hnessim@efg-hermes.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

 

www.efg-hermes.com

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