Ooredoo set to hold AGM during March

Local telecommunications provider Ooredoo Maldives is scheduled to hold its Annual General Meeting during March.

The telecom giant made the announcement via a press statement on Sunday, revealing that their AGM will begin at 08:30pm on 2 March, a Monday.

The meeting will be held at the Convention Hall of four-star resort Kurumba Maldives.

The agenda for this year’s AGM including approving minutes of the company’s last AGM held on 3 March 2019 as well as the minutes of the company’s Extraordinary General Meeting held on 16 December 2019.

Further, the meeting will look into the approval of the Audited Balance Sheet, Profit and Loss Account and the Auditors Report of the Company for the previous year as well as the endorsement of Ooredoo’s Directors’ Report for 2019.

During the meeting where the company’s Chairman, Damian Philip Chappell and Managing Director as well as Chief Executive Officer Najib Khan are set to deliver an address, the telecom giant is also set to approve the appointment of auditors for the ongoing years as well as deciding their remuneration.

The company will also be approving the amount set to be distributed as dividends for the past year, 2019.

Before the company’s shareholders are set to go into discussions at the AGM, the company is also set to hold its election for a Director by the general shareholders. Four members; Ibrahim Firushan, Aishath Hussain Manik, Ibrahim Shareef Mohamed and Fareeha Shareef are eligible to contest in the election.

Those who wish to attend the AGM are individuals including legal entities who were registered as shareholders of the company before 8pm on 11 February. All shareholders present at the meeting will be given the chance to have one vote per item listed on the agenda.

In addition, shareholders who meet the aforementioned criteria have been asked to pre-register their attendance by filling out and submitting a pre-registration form and shareholders who wish to appoint a proxy to attend on their behalf are required to fill out a proxy form, which can also be revoked by submitting a proxy revocation form.

All shareholders are required to submit the aforementioned forms by 04:30pm on 26 February at the fifth floor of the Ooredoo secretariat or through e-mail. Forms have been made available through the company’s website or secretariat.

Those pre-registered to attend the meeting are requested to present themselves at the venue for the final registration between 07:30pm and 08:30pm on 2 March, the day of the event. Shareholders are required to bring their ID cards for the registration process. Individuals who do not undergo the final registration process will not be allowed entry to participate in the AGM.

Transportation is arranged for participants at 15-minute intervals from 7pm onwards until 07:30pm from the number one jetty in capital city Malé.