We have the pleasure to inform you of the salient resolutions approved by the Annual General Meeting of our company held on 1 March 2015.
Annual General Meeting resolutions:
- The report of the Board of directors for the year ended 31 December 2014 was discussed and approved unanimously.
- The report of corporate governance for the year ended 31 December 2014 was discussed and approved unanimously.
- The report of the external auditors for the year ended 31 December 2014 was discussed and statement of financial position at 31 December 2014 and statement of profit or loss and comprehensive Income for the financial year ended 31 December 2014 were approved unanimously.
- The proposal of Board of Directors on declaration of cash dividends at 10% on the paid up share capital (i.e 10 Baiza per share) was discussed and approved unanimously.
- Sitting remuneration for Board of Directors and Audit Committee members total RO 36,300 at RO 500 for each attending member per Audit Committee and RO 700 for each attending member per Board of Directors meeting for the year 2014 were discussed and approved.
Sitting fees for each Board of Directors and Audit Committee members per meeting for the year 2015 remains unchanged, were discussed and approved unanimously.
- The share holders were informed of the contracts entered into with related parties during the year ended 31 December 2014 and approved unanimously.
- The share holders were informed of the contracts which will be entered into with related parties during the year ended 31 December 2015 and approved unanimously.
- The external auditors M/s. Deloitte & Touche (M.E.) & Co. LLC were reappointed for the year ending 31 December 2015 unanimously and their annual fees were fixed at RO 5,950.
With kind regards,
For Omani Packaging Co. SAOG
Surya K Arora
Chief Executive Officer
