EZZ Steel Announces Upcoming Extraordinary Shareholder Meeting

EZZ Steel's Upcoming Extraordinary General Assembly Meeting

EZZ Steel Company S.A.E., a key player in the steel manufacturing sector, has scheduled an Extraordinary General Assembly meeting (EGM). The meeting is a vital opportunity for shareholders to engage in critical discussions and will take place at the company's Administration Building.

Key Agenda Item for the Meeting

The main focus of the EGM is to deliberate and approve the issuance of corporate guarantees that would support the company's subsidiaries, sister companies, and related entities. This initiative is fundamental for strengthening the company's operational framework and enhancing financial stability.

Attendance and Participation Guidelines

Shareholders are encouraged to attend the EGM either in person or by proxy. To ensure smooth participation, the proxy holder must not be a board member and should possess a written power of attorney.

To access the meeting, shareholders need to either deposit their shares with EZZ Steel or a bank, or present a statement from a central custodian confirming their shareholdings. This statement must verify that the shares are frozen for the duration of the EGM to prevent any transactions that could disrupt the voting process.

Remote Voting Options

EZZ Steel recognizes the importance of modernizing engagement methods. Thus, shareholders will have the option to attend and vote remotely using electronic systems, aligning with contemporary corporate governance standards. This initiative is in accordance with the prevailing EGX Listing and Delisting Rules.

For those opting for remote attendance, registration is mandatory. Shareholders must submit their identity proof and share freezing certificate via the electronic link provided. The registration will be open from the date of this announcement, providing ample time for all eligible participants.

Electronic Voting Availability

Electronic voting will commence ahead of the meeting, allowing shareholders to weigh in on the agenda from January 12 until the EGM concludes. This feature enhances shareholder involvement and ensures everyone has the chance to cast their vote conveniently, regardless of their location.

Submitting Inquiries

Shareholders with questions regarding the agenda are encouraged to reach out to the company's headquarters in writing. Queries can be sent via registered mail or through the designated electronic link provided for ease of communication. It’s important to submit any inquiries at least three days prior to the meeting.

Commitment to Governance and Engagement

This assembly reflects EZZ Steel's steadfast commitment to corporate governance practices and its dedication to maintaining strong shareholder relationships. By facilitating a platform for dialogue and decision-making, EZZ Steel promotes transparency and active participation in its operations.

Frequently Asked Questions

What is the purpose of the EZZ Steel EGM?

The EGM is convened to discuss and approve corporate guarantees for EZZ Steel's subsidiaries and sister companies.

How can shareholders participate in the meeting?

Shareholders can participate in person or by appointing a proxy who holds a written power of attorney.

What is required to attend the EGM?

To attend, shareholders must deposit their shares or provide a central custodian's statement confirming their share ownership.

Will there be options for remote participation?

Yes, shareholders can attend and vote remotely using electronic systems, which will be available from January 12 until the adjournment of the EGM.

How can inquiries about the meeting be submitted?

Inquiries can be submitted in writing to the company's headquarters or through the provided electronic link, at least three days before the EGM.

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