CAIRO - EZZ Steel Company S.A.E., a prominent player in the steel manufacturing industry, has announced an Extraordinary General Assembly meeting (EGM) to be held on Saturday, January 18, 2025. The meeting will take place at the company's Administration Building within its Industrial Complex in Sadat City, Al Menofia, Egypt, commencing at 10:00 a.m.
The sole agenda item for the EGM is to discuss and approve the issuance of corporate guarantees in favor of the company's subsidiaries, sister companies, and related entities. Shareholders are invited to participate in the meeting either in person or by proxy, provided that the proxy is not a board member and holds a written power of attorney.
To attend the EGM, shareholders must deposit their shares with the company or a bank, or present a central custodian's statement indicating the number of shares owned. This statement must also confirm that the shares will be frozen for the duration of the EGM. In a move to modernize and facilitate shareholder participation, EZZ Steel is offering the option to attend and vote remotely using electronic systems. This is in accordance with Article (47 bis) of the EGX Listing and Delisting Rules.
Shareholders who wish to utilize the remote attendance and voting system are required to register their information, including identity proof and share freezing certificate, via the provided electronic link (https://rebrand.ly/ezzsteel). The registration process is open from the date of this announcement. Electronic voting on the meeting's agenda will be available starting Tuesday, January 12, 2025, until the adjournment of the EGM.
Any inquiries related to the agenda must be submitted to the company's headquarters in writing, sent by registered mail, or through the aforementioned electronic link, at least three days before the EGM.
This forthcoming assembly underscores EZZ Steel's adherence to corporate governance practices and its commitment to shareholder engagement. The information is based on a press release statement distributed by RNS, the news service of the London Stock Exchange (LON:LSEG).
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