Renaissance Services SAOG: Resolutions of the Extraordinary General Meeting
An Extraordinary General Meeting (EGM) of Renaissance Services SAOG (‘the Company”) was held at 3:00 p.m. on Monday 06 July 2015 at the Meeting Hall of the Capital Market Authority (CMA). The EGM was attended by the CMA delegate, a representative of the company’s legal advisors and a representative of the Company’s Statutory Auditor. The percentages of the share represented in the meeting amounted to 83.14%.
1- The Shareholders unanimously approved the Scheme for repurchase of 423,141,678 Mandatory Convertible Bonds (“MCBs”) of RO 43,160,451 issued in 2012, subject to the availability of financing.
2- The Shareholders further unanimously approved the issuance of perpetual Cumulative Capital Certificates by the Company’s wholly owned overseas subsidiary, with a coupon to be determined at the time of issue based on market conditions to raise up to USD 200,000,000 (US Dollar Two Hundred Million or its equivalent in Riyal Omani through conventional or Sukuk financing.
There being no other business, the EGM concluded its business on the same day and date indicated above.
