European Islamic Investment BankPLC General Meeting 31 December 2013 (3433W)
December 24 2013 - 6:46AM
UK Regulatory
TIDMEIIB
RNS Number : 3433W
European Islamic Investment BankPLC
24 December 2013
European Islamic Investment Bank plc
("EIIB" or the "Company")
General Meeting 31 December 2013
Pursuant to a requisition delivered by Esterad Investment
Company and Al Bassam Investment Company (the "Requisitioners") to
the Company, the board of the Company has circulated to the
Company's shareholders a notice (the "Notice") to convene a general
meeting on 31 December 2013 (the "Meeting") and a 1000-word
statement prepared by the Requisitioners and an accompanying
response by the Company's Chairman ("the Statement"). Both the
Notice and the Statement have been published on the Company's
website.
Business to be conducted at the General Meeting
The Requisitioners and proposed directors: Mr Abdulla Saif; Omar
El-Abd; Stefan Allesch-Taylor; and Mr Frederick Stonehouse
("Nominees") have failed to comply with the requirements of Article
70.2(b) of the Company's Articles of Association. Consequently, the
board will be unable to put resolutions 3 to 6 inclusive, proposing
appointment of the Nominees to the board of the Company, to the
vote at the Meeting.
The Company is still required by law to hold the Meeting, but
only resolutions 1, 2 and 7 will be voted on. In consequence of
non-compliance with the Articles of Association by the
Requisitioners and Nominees, resolutions 3 to 6 inclusive will not
be voted on.
Resolutions to be voted on:
1. THAT Mr Michael Toxvaerd be removed from office as a director of the Company immediately;
2. THAT Mr Mohammed Al Sarhan be removed from office as a
director of the Company immediately; and
7. In summary, to generally and unconditionally authorise the
Company to make one or more market purchases of the Company's
ordinary shares.
Resolutions which will not be voted on in consequence of
non-compliance by the Requisitioners and/or the Nominees:
3. THAT Mr Abdulla Saif be appointed as a director of the Company immediately;
4. THAT Mr Omar El-Abd be appointed as a director of the Company immediately;
5. THAT Mr Stefan Allesch-Taylor be appointed as a director of the Company immediately; and
6. THAT Mr Frederick Stonehouse be appointed as a director of the Company immediately.
Advice to Shareholders
Shareholders who have already submitted a completed form of
proxy need take no action. Any votes indicated in relation to
resolutions 3 to 6 inclusive will be disregarded.
The board of directors of the Company recommend that you vote
AGAINST the remaining resolutions 1, 2 and 7.
Enquiries:
EIIB plc Tel: +44 (0)20 7847 9900
---------------------------- -----------------------------
Zulfi Caar Hydari, CEO
---------------------------- -----------------------------
Westhouse Securities Tel: +44 (0)20 7601 6100
------------------------------ ---------------------------
Antonio Bossi
------------------------------ ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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