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Commercial International Bank (Egypt) S.A.E.
Authorized Capital: EGP 50 Billion
21/23 Charles de Gaulle St., Giza,
C.R. 69826 Giza
The Bank's Board of Directors cordially invites the shareholders to attend the Extraordinary General Assembly to be held Monday, March 20, 2023 at 03:30pm. 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, 1st 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.
Shareholders can start voting via E-magles Platform as of Wednesday, March 15, 2023.
The Extraordinary General Assembly Agenda:
The Assembly shall meet to consider the following items on the agenda:
(1) Approve amending the following Articles of the Bank's Bylaws: Articles "1", "2", "3", "4", "6", "8", "17", "20", "22", "23", "24", "25", "29", "30", "32", "33", "39", "40", "42", "43", "44", "46bis", "47bis", "48", "48bis", "49", "51", "52", "55", "55bis", "57", and "58". These amendments shall come into effect after obtaining the approval of the Central Bank of Egypt.
(2) Delegate the Board of Directors the power to issue financial instruments in the form of Bonds or Subordinated Loans for an aggregate amount of USD 1bn or local/foreign equivalent and approve the prospectus of these issues and to fulfill all necessary procedures in relation thereof.
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 228 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 Extraordinary 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 Extraordinary General Assembly shall be issued by a majority of two-thirds of the shares 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 Tuesday, April 4th, 2023 at 2:30 pm at the same venue. The second meeting of the Extraordinary General Assembly shall be considered valid if attended by a number of shareholders representing at least one fourth of the Bank's capital.
Chairman of the Board
Sherif Samy
http://www.rns-pdf.londonstockexchange.com/rns/1299Q_1-2023-2-16.pdf