We wish to inform you that at the meeting held on Monday, April 14, 2008 at 17.00, the Board of Directors of Astra Self Drive Cars Public Ltd:
a) Examined and approved the final results for the year ended December 31, 2007.
The loss of the Group for the year ended December 31, 2007 stands at 325,987, while the loss of the Group in the indicative results stood at 287,957.
The difference is of £38,030 and concerns losses from investments of £37,324 and other expenses of £706.
b) The Board of Directors decided not to propose to the AGM the payment of a dividend for the year ended December 31, 2007.
c) Set the date for the Annual General Meeting, which will take place on Thursday, May 29, 2008 at 17.00 at the Company’s Head Office and will propose the following special resolutions:
I. The nominal value of the share will be redenominated and reduced after the rounding from £0.20 to €0.34.
II. The nominal share capital will be redenominated and reduced from £50,000,000 divided into 250,000,000 ordinary shares of nominal value £0.20 to €85,000,000 divided into 250,000,000 shares of nominal value €0.34.
III. The issued share capital will be redenominated and reduced from £6,051,590 divided into 30,257,950 ordinary shares of nominal value £0.20 to €10,287,703 divided into 30,257,950 shares of nominal value €0.34 and that this reduction is carried out with the registration in a special reserve under the name “Difference from the redenomination of the share capital in euros” that can be capitalized at a future capital increase.
Copies of the final results will be available at the Company’s office, 2-4 Iroon, Ayios Andreas, 1703 Nicosia.
The Company has not adopted the Corporate Governance Code.
a) Examined and approved the final results for the year ended December 31, 2007.
The loss of the Group for the year ended December 31, 2007 stands at 325,987, while the loss of the Group in the indicative results stood at 287,957.
The difference is of £38,030 and concerns losses from investments of £37,324 and other expenses of £706.
b) The Board of Directors decided not to propose to the AGM the payment of a dividend for the year ended December 31, 2007.
c) Set the date for the Annual General Meeting, which will take place on Thursday, May 29, 2008 at 17.00 at the Company’s Head Office and will propose the following special resolutions:
I. The nominal value of the share will be redenominated and reduced after the rounding from £0.20 to €0.34.
II. The nominal share capital will be redenominated and reduced from £50,000,000 divided into 250,000,000 ordinary shares of nominal value £0.20 to €85,000,000 divided into 250,000,000 shares of nominal value €0.34.
III. The issued share capital will be redenominated and reduced from £6,051,590 divided into 30,257,950 ordinary shares of nominal value £0.20 to €10,287,703 divided into 30,257,950 shares of nominal value €0.34 and that this reduction is carried out with the registration in a special reserve under the name “Difference from the redenomination of the share capital in euros” that can be capitalized at a future capital increase.
Copies of the final results will be available at the Company’s office, 2-4 Iroon, Ayios Andreas, 1703 Nicosia.
The Company has not adopted the Corporate Governance Code.
Tuesday, 15 April, 2008 - 09:48