First Mills GA to vote on authorizing BOD to distribute interim ‎dividends for 2024‎

The Board of Directors of First Mills Company invited shareholders to participate and vote in the (extraordinary) General Assembly meeting (first meeting), scheduled to be held on Wednesday, January 10, where the terms included voting on authorizing the Board of Directors to distribute interim dividends on a semi-/quarterly basis for the financial year. 2024 AD

The Assembly’s agenda is as follows:

‎1. Vote on amending the company’s bylaws in accordance with the new companies’ bylaws, and rearranging and numbering the articles of the bylaws; to comply with the proposed amendments

1. Vote on amending the company’s governance manual
2. Vote on the employee stock program and authorize the Board of Directors to determine the terms of this program, including the allocation price for each share offered to employees if it is for a consideration.
3. Vote on the company’s purchase of a number of its shares, up to a maximum of 300,000 of its shares, with the aim of allocating them to the company’s employees within the employee stock program. The purchase will be financed through the company’s available cash, and to authorize the Board of Directors to complete the purchase process within a maximum period of twelve months from the date of the Extraordinary General Assembly decision. The company will retain the purchased shares for a period not exceeding 10 years from the date of the extraordinary general assembly’s approval as a maximum until they are allocated to eligible employees. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations (attached to the financial solvency report). (If clause No. 3 is approved).
4. Vote on delegating the authority of the Ordinary General Assembly to the Board of Directors with the license contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions stated in the regulations. Implementing the corporate system for listed joint stock companies

‎6. Voting on amending Article Three of the company’s bylaws related to (the company’s purposes).

1. Voting on amending Article Fourteen of the company’s bylaws related to (the company’s purchase of its shares).
2. Voting on amending Article Forty-one of the company’s bylaws, related to (the formation of reserves).