REG - EFG-Hermes Holdings - Ordinary General Meeting Summary of Resolutions

EFG Holding SAEAnnouncement

15/05/2023 07:00

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RNS Number : 3340Z  EFG-Hermes Holdings SAE  13 May 2023

TRANSLATION FROM ARABIC

Summary of Resolutions for the Annual General Meeting

EFG Hermes Holding S.A.E.

Held on May 13(th), 2023

 

Resolution no.1

The AGM approved the Board of Directors' report on the company's activities
for the financial year ended 31/12/2022.

 

 

Resolution no.2

The AGM approved the Company's auditor report on the financial statements for
the fiscal year ended 31/12/2022.

 

 

Resolution no.3

The AGM ratified the financial statements for the fiscal year ended
31/12/2022.

 

 

 

Resolution no.4

The AGM approved the corporate governance report for the fiscal year ended
31/12/2022.

 

 

 

Resolution no.5

The AGM approved the transfer of EGP1,459,606,010 from the retained earnings
account as at 31/12/2022 to the capital increase account, to distribute (1)
bonus share for every (4) shares held by each shareholder.

 

 

 

Resolution no.6

The AGM approved the appropriations account for the fiscal year ended
31/12/2022 as follows:

 

 

                                            For the Fiscal Year ended 31/12/2022

                                            (EGP)
   Net Profit for the year                  2,097,796,241
   Retained earnings                        206,550,120
   Profits appropriate for distribution     2,304,346,361
   Distributed as follows:
   Legal Reserve                            104,889,812
   Shareholders' dividends- bonus shares    1,459,606,010
   Employees portion                        142,450,000
   Non-Executive Board of Directors' bonus  40,040,000
   Retained Earnings                        557,360,539
   Total                                    2,304,346,361

 

Resolution no.7

The AGM approved the discharge of the Chairperson and the Board members from
all liabilities concerning the activities of fiscal year 2022.

 

 

Resolution no.8

The AGM ratified the changes in the composition of the Board which occurred up
to the date of the General Assembly Meeting.

 

Resolution no.9

The AGM elected the company's Board of Directors for a three years-term. The
Board of Directors composition will be as follows:

      Name                          Title                               Executive/Non-Executive
 1-   Mona Zulficar                 Chairperson                         Non-Executive - Independent
 2-   Yasser El Mallawany           Vice Chairman                       Non-Executive
 3-   Karim Awad                    Group Chief Executive Officer       Executive
 4-   Efstratios Arapoglou          Board Member                        Non-Executive
 5-   Marwan Al Araby               Board Member                        Non-Executive - Independent
 6-   Jean Cheval                   Board Member                        Non-Executive
 7-   Abdullah Khalil Al Mutawa     Board Member                        Non-Executive - Independent
 8-   Khalid Mana Al Otaiba         Board Member                        Non-Executive - Independent
 9-   Ramsay Zaki                   Board Member                        Non-Executive - Independent
 10-  Géraud Brac de la Perrière    Board Member                        Non-Executive

                                    (DF EFG3 Limited representative)*
 11-  Thomas Volpe                  Board Member                        Non-Executive - Independent
 12-  Mona Yassine                  Board Member                        Non-Executive - Independent

* Fully owned by Natixis S.A.

 

 

Resolution no.10

The AGM approved non-executive Board members' remunerations for the fiscal
year 2022, and approved the Board of Directors' remunerations, attendance and
travel allowances for the fiscal year 2023.

 

Resolution no.11

The AGM approved the reappointment of the Company's auditor - Mr. Ihab Mohamed
Fouad Abu Al-Majd, Partner, at KPMG Hazem Hassan for the fiscal year 2023 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 2022 which totaled to
EGP30,050,000; and authorized the Board to approve donations in excess of
EGP1,000 during the fiscal year 2023.

 

 

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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