Invitation to the Ordinary Annual General Meeting
The Board of Directors of Al Batinah Power Company SAOG (the "Company") have the pleasure to invite the respected shareholders to attend the Ordinary Annual General Meeting ("OGM") of the Company to be held on Sunday 29 March 2015 situated at Al Bahja Hall next to Jungle Restaurant and Rose Garden, situated at Building No. 9, Way No. 58, Qurum, Sultanate of Oman, at 3:00 pm, to discuss the following agenda:
To consider and approve the Board of Directors' report for the financial year ended 31 December 2014.
To consider and approve the Corporate Governance Report for the financial year ending 31 December 2014.
To consider and approve the Auditors' Report and approval of the financial statements (balance sheet and income statement) for the financial year ending 31 December 2014.
To consider and approve for a director in the board of directors of the Company to participate in the management of another company which is conducting business competitive to the business of the Company.
To notify the General Meeting of the related party transactions during the financial year ending 31 December 2014.
To consider and approve the proposed transactions and contracts with related parties during the financial year ending 31 December 2015.
To authorize the Board of Directors' to determine and distribute cash dividends to the Shareholders of the Company in May/June 2015 and November/December 2015 out of the retained earnings as per the audited financial statements for the financial year ending 31 December 2014, provided that the aggregate amount shall not exceed 12% of the paid up share capital of the Company (i.e., 12 Baizas per share).
To ratify the sitting fees paid to directors for the Board meetings and Audit Committee meetings held during the financial year ended on 31 December 2014 and determining the proposed fees payable for such meetings for the financial year ending 31 December 2015.
To approve the appointment of Statutory Auditors for the financial year ending 31 December 2015 and determine their remuneration.
According to the Articles of Association of the Company the Shareholders have the right to nominate a proxy to attend and vote on their behalf on decisions/resolutions of the meeting, such proxy must be on the proxy form attached to this agenda and notice. The natural shareholder shall enclose a copy of the ID card, or the passport copy for females and minors who don't have an ID card, residence card or passport copy for non-Omanis along with the proxy form. The juristic shareholder's proxy must be signed by an authorized signatory and sealed with entity's stamp, and should be submitted along with a commercial registration certificate and the authorized signatories list.
Respected shareholders are requested to attend at the OGM venue half an hour before the meeting.
For further information, please contact Mr. Murakami on telephone no. (+968)24393300.