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Meeting Status : Meeting hold
   


Disclosure Basic
Information
   
ARAB PALESTINIAN INVESTMENT - APIC
    Meeting Content 
Meeting Agenda
  
    Company Name 
ARAB PALESTINIAN INVESTMENT - APIC
  
    Company Symbol 
APIC
  
    Currency 
USD
  
    ISIN Number 
PS4010112960
  
    Meeting Date 
2018-09-19
  
    Meeting Day 
Wednesday
  
    Meeting Time 
12:00
  
    Meeting Location 
Millennium Hotel- Ramallah
  
    GAM Type 
Extra Ordinary
  
    Fiscal Year 
  
    Meeting Invetation Party 
Board Member
  
Agenda
 
First: Whereas APIC intends to acquire 50% of the registered share capital of Medical Supplies & Services Co. Ltd (MSS); APIC, jointly with an affiliate company, shall become the owner of 100%  shareholding of the share capital of MSS by virtue of a strategic transaction whereby APIC will be acquiring the entire shareholding of Dr. Walid Kayyali. The value of this transaction will be settled by APIC through a private placement of 7,000,000 Seven Million Shares from the authorized share capital of APIC, being 100,000,000 One Hundred Million US Dollars, at an issuance price of US Dollar 2.15 per each share in favor of Dr. Walid Kayyali.
As such, the following matters will be discussed and ratified:
  • Issuance of 7,000,000 Seven Million Shares from the authorized share capital of APIC being 100,000,000 One Hundred Million US Dollars through a private placement in favor of Dr. Walid Kayyali, following which the registered and paid-in share capital of APIC becomes 82,000,000 Eighty Two Million US Dollars of the authorized share capital of 100,000,000 One Hundred Million US Dollars.
Second: Authorize the Chairman of the Board of Directors to proceed in completing all relevant procedures as required for the achievement of the aforementioned purpose from all its aspects including those pertaining to its substance, form, legal and financial. For this purpose, the Chairman of the Board shall be empowered, on behalf of the Company, to sign all contracts and undertake the necessary commitments, guarantees and applications relevant to the subject in question in addition to taking the necessary decisions including authorizing individuals or entities to ensure proper execution of what is contained in the extra ordinary general meeting.
ThirdAny other matter suggested by the general assembly of the company shall also be enlisted to the meeting’s agenda provided it falls within the scope of work of the extraordianry general assembly.
Capital Increase
First:�Whereas APIC intends to acquire 50% of the registered share capital of Medical Supplies & Services Co. Ltd (MSS); APIC, jointly with an affiliate company, shall become the owner of 100% �shareholding of the share capital of MSS by virtue of a strategic transaction whereby APIC will be acquiring the entire shareholding of Dr. Walid Kayyali. The value of this transaction will be settled by APIC through a private placement of 7,000,000 Seven Million Shares from the authorized share capital of APIC, being 100,000,000 One Hundred Million US Dollars, at an issuance price of US Dollar 2.15 per each share in favor of Dr. Walid Kayyali.
As such, the following matters will be discussed and ratified:
  • Issuance of 7,000,000 Seven Million Shares from the authorized share capital of APIC being 100,000,000 One Hundred Million US Dollars through a private placement in favor of Dr. Walid Kayyali, following which the registered and paid-in share capital of APIC becomes 82,000,000 Eighty Two Million US Dollars of the authorized share capital of 100,000,000 One Hundred Million US Dollars.
Second:�Authorize the Chairman of the Board of Directors to proceed in completing all relevant procudres as required for the achivement of the aforementioned purpose from all its aspects including those pertaining to its substance, form, legal and financial. For this purpose, the Chariman of the Board shall be empowered, on behalf of the Company, to sign all contracts and undertake the necessary commitments, guarantees and applications relevant to the subject in question in addition to taking the necessary decisions including authorizing individuals or entities to ensure proper execution of what is contained in the extra ordinary general meeting.
Third:�Any other matter suggested by the general assembly of the company shall also be enlisted to the meeting’s agenda provided it falls within the scope of work of the extraordianry general assembly.
Capital Increase
First:�Whereas APIC intends to acquire 50% of the registered share capital of Medical Supplies & Services Co. Ltd (MSS); APIC, jointly with an affiliate company, shall become the owner of 100% �shareholding of the share capital of MSS by virtue of a strategic transaction whereby APIC will be acquiring the entire shareholding of Dr. Walid Kayyali. The value of this transaction will be settled by APIC through a private placement of 7,000,000 Seven Million Shares from the authorized share capital of APIC, being 100,000,000 One Hundred Million US Dollars, at an issuance price of US Dollar 2.15 per each share in favor of Dr. Walid Kayyali.
As such, the following matters will be discussed and ratified:
  • Issuance of 7,000,000 Seven Million Shares from the authorized share capital of APIC being 100,000,000 One Hundred Million US Dollars through a private placement in favor of Dr. Walid Kayyali, following which the registered and paid-in share capital of APIC becomes 82,000,000 Eighty Two Million US Dollars of the authorized share capital of 100,000,000 One Hundred Million US Dollars.
Second:�Authorize the Chairman of the Board of Directors to proceed in completing all relevant procudres as required for the achivement of the aforementioned purpose from all its aspects including those pertaining to its substance, form, legal and financial. For this purpose, the Chariman of the Board shall be empowered, on behalf of the Company, to sign all contracts and undertake the necessary commitments, guarantees and applications relevant to the subject in question in addition to taking the necessary decisions including authorizing individuals or entities to ensure proper execution of what is contained in the extra ordinary general meeting.
Third:�Any other matter suggested by the general assembly of the company shall also be enlisted to the meeting’s agenda provided it falls within the scope of work of the extraordianry general assembly.
Company Data Before Corporate Action
Authorized Capital BCA
Subscribed Capital BCA
Par Value BC
Paid-In Capital BCA
No. of Outstanding Shares BC - Share
Issued share Price
100000000750000001.00075000000750000002.300
Boards Recommendations of Corporate Actions
Corporate Actions Details
Corporate Action Type
Subscribed Capital ACA
Paid-In Capital ACA
No. of Outstanding Shares AC - Share
No. of CA shares - Share
Subscription Type
Issuance Premium
Capital Increase8200000082000000820000007000000Private Secondary Offer1.1500000000
Company Data in case of Approving Corporate Action
Authorized Capital ACA
Par Value AC
Arabic name AC
English name AC
Ssymbol AC
1000000001.000n/an/an/a


Last update date of data : 04\09\2018 10:26AM