NOTICE OF POSTPONEMENT OF EXTRAORDINARY GENERAL MEETING
(to be convened on Thursday 12th March 2020)
Dubai, United Arab Emirates, 11th February 2020: ENBD REIT (CEIC) PLC ("ENBD REIT"), the Shari'a-compliant real estate investment trust managed by Emirates NBD Asset Management, announces the postponement of its Extraordinary General Meeting ("EGM"), previously announced on 26th January 2020 by shareholder circular (the "Shareholder Circular") and scheduled to take place at 10.00am on Wednesday 12th February 2020. The EGM is in relation to the proposed cancellation of ordinary shares from the Official List of Securities maintained by the Dubai Financial Services Authority (the "DFSA") and the proposed removal of trading from Nasdaq Dubai.
The Shareholder Circular contains the original notice convening the Extraordinary General Meeting to be held at 10.00am on 12th February 2020. Following its postponement, the EGM will now be convened at the Berlin Room, Waldorf Astoria DIFC, Dubai, UAE at 10.00am on Thursday 12th March 2020.
The postponement (as per article 33.1 of the articles of association of ENBD REIT) is implemented to allow shareholders additional time to consider the proposals put forth in the Shareholder Circular and is considered necessary so that the business of the EGM may be properly conducted. The limited number of instructions received under the “voting and proxy form” included in the Shareholder Circular do not presently appear to offer a clear direction on the matters put forward in the Shareholder Circular, leaving significant discretion to the Chairman of the Board, whilst it is important that any voting adequately reflects shareholder interests and preference.
Provided that recipients are and remain eligible to vote as shareholders in ENBD REIT, any proxy appointment and voting instructions and/or votes cast on or before 2:00pm on 6th February 2020 in relation to the proposals set forth in the Shareholder Circular for the EGM (the “prior instructions”) remain valid (as per article 33.3 of the articles of association of ENBD REIT), unless the shareholder revokes their prior instructions. A supplementary shareholder circular will be published shortly and will include a further voting and proxy form, allowing shareholders to revoke prior instructions, appoint a proxy, provide voting instructions and/or vote in relation to the proposals included in this supplementary shareholder circular.