2024-03-13

Notice and Invitation to Attend the Extra Ordinary General Meeting & Annual General Meeting

The Board of Directors of SOHAR POWER SAOG (the “Company”) has the pleasure of inviting the shareholders to attend the Extra Ordinary General Meeting & Annual General Meeting, which will be held on Thursday at 05:00 PM on 28/03/2024, via the electronic platform which can be accessed through the website of Muscat Clearing & Depository Company (www.mcd.om). If the quorum requirement for holding the Annual General Meeting is not fulfilled, a second Extra Ordinary General Meeting & Annual General Meeting shall be held on Sunday at 05:00 PM on 31/03/2024, via the electronic platform which can be accessed through the website of Muscat Clearing & Depository Company (www.mcd.om) to discuss the following agenda:

 

Extra Ordinary General Meeting Agendas:

 

1. To update the shareholders on the Company's bankruptcy application (as per Annexure 1)
2. To amend the Company's articles of association (as per Annexure 2).

 

Annual Ordinary General Meeting Agendas:

 

1. To consider and approve the Board of Director’s Report for the financial year ended 31 December 2023.
2. To consider and approve the Corporate Governance Report for the financial year ended 31 December 2023.
3. To consider the Auditor’s Report and to approve the Financial Statements (Balance Sheet and Profit and Loss Account) of the Company for the financial year ended 31 December 2023.
4. To notify the AOGM of the related party transactions carried out by the Company during the financial year ended 31 December 2023 (as per Annexure).
5. To consider and approve the transactions that will be carried out by the Company with related parties during the financial year ending 31 December 2024 (as per Annexure ).
6. To approve the Board and its sub-committees sitting fees paid during the preceding year and to specify the Board and sub-committees sitting fees for the coming year (as per Annexure).
7. To notify the AOGM of the amounts spent for the Company's corporate social responsibilities activities for the financial year ended 31 December 2023 (as per annexure).
8. To appoint the auditors for the financial year ending 31 December 2024 and approve their fees.
9. To elect new members to the board of directors.

Anyone who wishes to nominate himself/herself for the position must complete the election form, which was made for this purpose and can be obtained from the CMA website and should be in compliance with the Company's Articles of Association and CMA regulations and submit it to the Company at its head office building at least 5 working days prior to the AGM date and that is before the end of the working day 21 March 2024. No nomination form will be accepted after that date.

 

According to the Company's Articles of Association and the controls for holding General Meetings

using modern technology issued by the capital market authority, we would like to draw your attention to the following:

 

1. Legal person, exclusively, has the right to delegate a natural person to attend the General Meeting and vote on its behalf through technical means, provided that this natural person has an investor number in MCDC.
2. Voting on any of the agenda items begins no more than three days before the date of the General Meeting until the voting process ends on the day of the General Meeting. If the shareholder’s shares are increased or decreased, the voting process will be canceled, and the shareholder will have to vote again on the day of the General Meeting.

 

For further information please contact on telephone No 99219419 or email:

salah.farsi@soharpower.com

 

 

Chairman                                                             Legal Advisor                                      External Auditor