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Resolutions passed at the 31st Annual General Meeting of Dhivehi Raajjeyge Gulhun Plc

Ref No: CS-GC/2020/PR-10


Resolutions passed at the 31st Annual General Meeting 
of Dhivehi Raajjeyge Gulhun Plc

The 31st Annual General Meeting of Dhivehi Raajjeyge Gulhun Plc (DHIRAAGU) was held virtually on Thursday, 11 June 2020 at 11:15 hrs using Fahivote, an online General Meetings Management System developed by Maldives Securities Depository Pvt Ltd. Sixty eight shareholders (58 shareholders and 10 shareholders represented by proxy) registered to attend the meeting. The following resolutions were passed by the required majority who were present and voting at the meeting.


1. Approval of the Annual Report 2019 including the Director’s Report and Audited Financial Statements for the year ended 31st December 2019.

2. Declaration of a full year dividend of MVR 912,000,000 (Maldivian Rufiyaa Nine hundred and twelve million) amounting to MVR 12 per share for the year 2019. The full year dividend is made up of
    i. Interim Dividend of MVR 4.14 per share (total MVR 314,640,000) paid in 2019, and
    ii. Final Dividend of MVR 7.86 per share (total MVR 597,360,000) declared at the 31st Annual General Meeting for shareholder approval.

3. Re-election of Mr. Imran Ali as the Public Director for the Company’s Board of Directors until the conclusion of the 33rd Annual General Meeting of the Company; after receiving the necessary majority of votes from the public shareholders present and voting at the AGM.

4. Passing of Special Resolution to amend the Memorandum of Association.

5. Passing of Special Resolution to amend the Articles of Association.

6. Re-appointment of KPMG as the Company’s External Auditors for the year 2020, to hold office until the conclusion of the next Annual General Meeting to carry out the statutory audit for the year ending 31st December 2020, and the approval of External Auditors fees.

7. Granting the Board of Directors, the authority to approve and declare any interim dividend in accordance with the Company’s Dividend Policy during the financial year 2020.



15 June 2020


For more information, contact:
Company Secretary & General Counsel
Phone: 3311775/3311121
Email: investor-relations@dhiraagu.com.mv

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