07/22/2025 | Press release | Distributed by Public on 07/22/2025 15:15
Item 5.07. Submission of Matters to a Vote of Security Holders.
On July 22, 2025, Anghami Inc. (the "Company") held an extraordinary general meeting of its shareholders (the "Meeting"). At the Meeting, holders of a total of 36,985,507 ordinary shares, constituting approximately 55.30% of the Company's outstanding ordinary shares, were present in person or by proxy and constituted a quorum. The Company has met the quorum requirement for its Meeting, which is at least one (1) holder holding more than one-third (1/3) of the shares entitled to vote as of the record date of July 16, 2025.
At the Meeting, the Company's shareholders approved the sole matter on the agenda, a proposal to allow the Company's board of directors to effect a reverse stock split of the Company's ordinary shares and warrants at a ratio of 1-for-10, whereby all issued and outstanding, and all authorized but unissued, ordinary shares, par value $0.0001, of the Company, will be consolidated on a 1-for-10 basis, into a lesser number of ordinary shares, par value $0.001 per share, of the Company (the "Reverse Split Proposal").
The affirmative vote of a majority of the ordinary shares of the Company present and voting at the Meeting (excluding abstentions) was required to approve the Reverse Split Proposal.
Set forth below are the final voting results for the Reverse Split Proposal, evidencing the approval:
For | Against | Abstain | ||
36,985,507 | 0 | 0 |