Annual General Meetings

The Annual General Meeting is held annually at a time set by the company’s Board of Directors but no later than the end of June and handles matters stipulated to be under its authority by the Limited Liability Companies Act and the Articles of Association.

Additionally, the company may hold an additional shareholders’ meeting, should it be required. The Annual General Meeting is convened by the company’s Board of Directors. Additionally, under the Limited Liability Companies Act, the Annual General Meeting must be held if the company’s auditor or shareholders whose combined shares comprise at least one-tenth of all shares require it in writing for a specific case.

A shareholder has the right to raise issues under the purview of the Annual General Meeting for consideration by the Meeting. A request to this effect shall be submitted to the Board in writing in good time for the matter to be included in the notice of the meeting.

The Articles of Association stipulate that the invitation to attend the Annual General Meeting must be published on the company’s website no more than three months and no less than three weeks before the meeting while also being published at least nine days before the meeting’s record date.

In order to be able to attend the Annual General Meeting, shareholders must register their attendance with the company no later than the closing date specified by the Board of Directors in the invitation and at a date that is no more than ten days before the meeting.

Shareholders can attend the Annual General Meeting and use their right to vote in person or through a representative appointed by them. Each share confers one vote for each matter voted upon at the meeting.