Correction of an errors in the Invitation to the Ordinary Annual General Meeting of Phoenix Power Company SAOG
Further to announcing the invitation to attend the Annual General Meeting of Phoenix Power Company (SAOG) issued on 2nd March, 2023, Phoenix Energy Company (SAOG) “the Company” is pleased to brief the Capital Market Authority, the Muscat Stock Exchange and the investors’ community that the below item agenda missed:-
To approve the proposal authorizing the Board of Directors’ to determine and distribute cash dividends to the Company’s Shareholders (who are registered with the MCDC as of the dates to be decided by the Board of Directors) in July 2023 and January 2024 out of the retained earnings as per the audited financial statements for the financial year ended 31 December 2022, provided that the aggregate amount shall not exceed 5.25 Baizes per share after obtaining no objection from Lenders.
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Ahmed Al Abri
Chief Financial Officer / Disclosure Officer