Ooredoo Maldives Plc. has held an Extraordinary General Meeting (EGM) last Monday, 16th December 2019 at 20:30 hours at Hotel Jen, Ameer Ahmed Magu, Male’.
The EGM was attended by 91 Shareholders, with 59 Shareholders being present in person and another 32 Shareholders being present by proxy. The total number of shares represented at the EGM was 136,542,861 (one hundred and thirty six million five hundred and forty two thousand eight hundred and sixty one) shares which represents 92.4% of the total issued shares.
The EGM was held to propose amendments to the Memorandum and Articles of Association of the Company. The main proposed amendment was defining a term of office for the Director to be elected by the general Shareholders, as requested at the Annual General Meeting (“AGM”) held on 3rd March 2019, by the general Shareholders.
Along with this amendment, further amendments were proposed to align the operations with the Company’s objectives and provide more clarity to the Shareholders. Voting for the proposed amendments was by a poll vote (1 vote for each share held by a Shareholder), which was requested by the Chairman pursuant to Article 75 (a) of the Articles of Association.
The EGM witness three special resolution which were approved by the Shareholders including:
- Special Resolution No (1): The proposed amendments to the Memorandum of Association of Ooredoo Maldives Plc
- Special Resolution No (2): The proposed amendments to the Articles of Association of Ooredoo Maldives Plc
- Special Resolution No (3): The Memorandum of Association and Articles of Association of Ooredoo Maldives Plc to be revised by incorporating the amendments approved by the Shareholders.
According to Ooredoo Maldives, the amended Memorandum and Articles of Association will be published on Ooredoo Maldives website once it has been registered with the Ministry of Economic Development. Furthermore, the effective date of the amended Memorandum and Articles of Association will be the date of publication on the Company’s website.
