Ooredoo Maldives Plc. (the “Company”) held an Extraordinary General Meeting (“EGM”) last night (Monday, 16th December 2019) at 20:30 hours at Hotel Jen, Ameer Ahmed Magu, Male’.

The EGM was attended by 91 Shareholders, with 59 Shareholders being present in person and another 32 Shareholders being present by proxy. The total number of shares represented at the EGM was 136,542,861 (one hundred and thirty six million five hundred and forty two thousand eight hundred and sixty one) shares which represents 92.4% of the total issued shares.

The EGM was held to propose amendments to the Memorandum and Articles of Association of the Company. The main proposed amendment was defining a term of office for the Director to be elected by the general Shareholders, as requested at the Annual General Meeting (“AGM”) held on 3rd March 2019, by the general Shareholders. Along with this amendment, further amendments were proposed to align the operations with the Company’s objectives and provide more clarity to the Shareholders. Voting for the proposed amendments was by a poll vote (1 vote for each share held by a Shareholder), which was requested by the Chairman pursuant to Article 75(a) of the Articles of Association.

The following resolutions were approved by the Shareholders at the EGM.

The amended Memorandum and Articles of Association will be published on Ooredoo Maldives website once the amended Memorandum and Articles of Association has been registered with the Ministry of Economic Development. The effective date of the amended Memorandum and Articles of Association will be the date of publication on the Company’s website.

Ooredoo Maldives gratefully thank their Shareholders for their support at last night’s EGM and we reiterate our commitment to always work in the best interest of the Shareholders and to protect the rights of all the Shareholders.