KUALA LUMPUR, Malaysia, June 23, 2015 (GLOBE NEWSWIRE) -- MOL Global, Inc. (Nasdaq:MOLG) ("MOL" or the "Company"), a leading e-payment enabler for online goods and services in emerging and developed markets, today announced that it will hold its 2015 annual general meeting of shareholders at the Lot 07-03, Level 7, Berjaya Times Square, No. 1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia on July 24, 2015 at 10:00 a.m. (Malaysia time). Holders of common shares of the Company whose names are on the register of members of the Company at the close of business on June 19, 2015 are entitled to receive notice of the annual general meeting or any adjournment or postponement thereof. Beneficial owners of the Company's American Depositary Shares ("ADSs") are welcome to attend the annual general meeting in person.
The annual general meeting will be held for the purposes of considering and, if thought fit, passing the following resolutions:
1. THAT Article 83(a) of the Company's Articles of Association be amended by deleting the current Article 83(a) in its entirety and inserting a new Article 83(a) to be read as follows:-
Unless otherwise determined by the Company in a general meeting, the number of Directors shall be a minimum of three of whom a majority shall be Independent Directors. For so long as Shares or ADSs are listed on the Designated Stock Exchange, the Directors shall include such number of Independent Directors as applicable law, rules or regulations or the Designated Stock Exchange Rules require. Subject to the Company's compliance with director selection and nomination procedures required under the Designated Stock Exchange Rules, as long as Shares or ADSs are listed on the Designated Stock Exchange, directors shall be appointed and removed by a resolution passed by all the Directors at meeting of the Directors duly convened and held in accordance with the Articles or by a resolution in writing signed by all of the Directors or by Ordinary Resolution."
2. THAT Article 83(c) of the Company's Articles of Association be deleted in its entirety with the current Article 83(d) being renumbered Article 83(c).
3. Authorization of each director or officer of the Company to take any and every action that might be necessary, appropriate or desirable to effect the foregoing resolutions as such director or officer, in his or her absolute discretion, thinks fit.
4. Any other business.
The notice of the annual general meeting is available on the Investor Relations section of the Company's website at http://ir.mol.com/. MOL has filed its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2014, with the U.S. Securities and Exchange Commission (the "SEC"). MOL's Form 20-F can be accessed on the above-mentioned Company website, as well as on the SEC's website at http://www.sec.gov.
Shareholders may request a hard copy of the Company's annual report on Form 20-F, free of charge, by contacting MOL Global, Inc. at firstname.lastname@example.org or by writing to MOL Global, Inc. at the Lots 07-03, Level 7, Berjaya Times Square, No. 1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. Telephone: +603 2082-1251.
About MOL Global, Inc.
MOL Global, Inc. (Nasdaq:MOLG) is a leading e-payment enabler for online goods and services in emerging and developed markets. MOL operates a payments platform that connects consumers with digital content providers, telecommunications service providers and online merchants by providing a vast network of distribution channels that accepts cash and online payment methods. Its physical distribution network comprises more than 970,000 locations in 11 countries across four continents. The Company also has mobile payment channels, electronic distribution channels that accept major credit cards and online banking from more than 100 banks.
For more information, please visit ir.mol.com.