Press Release Financial Statements 2019

Cairo Communication

The Shareholders’ Meeting:
- approved the financial statements at 31 December 2019; following the vote against the proposed distribution of the dividend, the profit for the year has been fully carried forward;
- renewed the members of the Board of Directors and Board of Statutory Auditors;
- approved the remuneration policy for 2020 contained in Section One of the Remuneration Report and expressed a favourable opinion on Section Two of the Remuneration Report
- approved a new authorization to purchase and dispose of treasury shares.

The Board of Directors, which met following the Shareholders' Meeting, assessed the independence requirements, granted powers to the Chairman, the CEO and the director in charge of the internal control and risk management system, appointed the lead independent director, set up the Board committees in compliance with the provisions of the Corporate Governance Code and appointed the members of the supervisory body.