The General Assembly Meeting - 2008

 

The General Assembly ordinary and extraordinary meetings of Optimiza were held on May 15, 2008 at the Kempinski Hotel. Both meetings achieved a 71% quorum, and the General Assembly approved increasing the company’s declared capital by 9 million shares/JD to reach JD34 million. 

 

The Board of Directors’ annual report was presented during the meeting, and included the company’s main achievements and financial results for 2007. Moreover, in appreciation and recognition of Optimiza employees’ efforts, the company earmarked 2.5 million shares, with a nominal value of JD1 per share, from the capital increase for sale to employees over four years from the date of the capital increase. Enforcing this decision depends on approval of the Jordan’s Securities Commission.