Thursday 19th Dec 2024
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Ooredoo

Ooredoo Maldives Concludes EGM with Key Approvals

Ooredoo Maldives Plc successfully concluded its Extraordinary General Meeting (EGM) on Sunday, December 15, 2024. The meeting was conducted virtually at 20:00 hrs through the “FahiVote” Online Meeting Management System of the Maldives Securities Depository Company Pvt Ltd (MSD).
The EGM was attended by 14 shareholders, with 12 present in person and 2 represented via proxyholders. A total of 133,834,392 shares, accounting for 90.55% of the company’s total issued shares, were represented at the meeting.
During the meeting, shareholders approved key proposals, including:
1. Amendments to the Memorandum and Articles of Association of Ooredoo Maldives.
2. Adoption of the revised Memorandum and Articles of Association, incorporating the approved amendments.
3. The sale and transfer of 1,500,000 shares in Techfin Maldives Pvt Ltd from Ooredoo Maldives to OFT International LLC.
The revised Memorandum and Articles of Association will be published on the company’s website following their registration with the Ministry of Economic Development and Trade. The amendments will take effect on the date of publication.
Ooredoo Maldives expressed gratitude to its shareholders for their continued support and trust. The company reaffirmed its commitment to delivering optimal returns to shareholders, driving community development, and introducing advanced technologies to meet evolving customer demands.