National Mineral Water Co SAOG
Minutes of the EGM and Annual General Meeting
Held on March 16, 2015 at Grand Hyatt Hotel, Muscat.
The EGM and Annual General Meeting was attended by Shareholders, Board Members, CMA representative, Auditors as well as Legal Advisors.
At the commencement of the meeting the Legal advisors confirmed that the attendance inclusive of all proxies is above 82.31%.
The Chairman welcomed all for the EGM and Annual General Meeting.
First: Extra Ordinary General Meeting
Shareholders approved the proposal for reducing the number of members of the Board of Directors from nine members to seven members, and the amendment of the Articles of Association of the Company accordingly.
Second: Annual ordinary General Meeting
1. Shareholders approved the Board of Director’s Report for the financial year ended 31 December 2014.
2. Shareholders approved the Code of Corporate Governance Report for the financial year ended 31 December 2014.
3. Shareholders approved the Auditors’ Report for the year ending 31 December 2014. Shareholders also approved the annual accounts for the year ending 31 December 2014.
4. Shareholders approved the Directors and Board Committee sitting fees drawn by Directors for the year 2014 and approved proposed fees for the forthcoming financial year ending 31 December 2015.
5. Shareholders approved the transactions made with the related parties during the financial year ended 31 December 2014.
6. Shareholders approved the proposed transactions that will be made with the related parties during the financial year ending 31 December 2015.
7. There were only seven nomination forms filed for the vacancy of seven Directors. Accordingly all the following members, whose nominations were received, were unanimously elected as Directors.
1. Sayyid Aymen bin Hamad bin Hamoud Al Busaidi
2. Sayyid Khalid bin Hamad bin Hamoud Al Busaidi
3. Sayyid Nasr bin Badr bin Hamad Al Busaidi
4. Mr. Raffy Kozadjian
5. Mr. David Crickmore
6. Mr. Yousuf Ahmed Alawi Al Ibrahim
7. Engr. Masoud bin Mohammed bin Masoud Al Maashani
8. Shareholders approved the appointment of Moore Stephens as Statutory Auditors for the financial year ending 31 December 2015 for a remuneration of RO 5,000 (Rial Omani Five Thousand Only) including Corporate Governance report.
At the end of the Meeting, the Chairman thanked everyone and all for attending the EGM and Annual General Meeting.
