Cyprus Airways Public Ltd (the “Company”) informs investors that at an Extraordinary General Meeting of the Company held yesterday, 8 October 2012, at Hilton Hotel, Nicosia, the following resolutions were passed as Special Resolutions:-
SPECIAL RESOLUTIONS
«(A) That the Company/s authorised share capital, which amounts to €135.000.000 divided into 1.500.000.000 shares of nominal value €0,09 each, be reduced to € 15.000.000 divided into1.500.000.000 shares €0,01 each.
(B) That the Company/s issued capital, which amounts to €35.203.965,93 divided into 391,155.177 shares of nominal value €0,09 each, be reduced to € 3.911.551,77 divided into 391.155.177 shares of €0,01 each.
(C) That the reduction mentioned in paragraphs (A) and (B) above be carried out by the reduction of nominal value of each share from €0,09 each to €0,01 each, since the amount of €0,08 per issued and fully paid share, that is a total amount of €31.292.414,16 is part of the capital eroded due to losses.
(D) That, immediately following the reduction of the Company/s authorised share capital as mentioned in special resolution (A) above, and simultaneously with it, the authorized share capital of the Company be increased to its former level i.e. to €135.000.000, divided 13.500.000.000 shares of a nominal value of €0,01 each, with the creation of 12.000.000.000 new shares with a nominal value of €0,01 each, which will rank pari passu with the existing shares of the Company».
SPECIAL RESOLUTIONS
«(A) That the Company/s authorised share capital, which amounts to €135.000.000 divided into 1.500.000.000 shares of nominal value €0,09 each, be reduced to € 15.000.000 divided into1.500.000.000 shares €0,01 each.
(B) That the Company/s issued capital, which amounts to €35.203.965,93 divided into 391,155.177 shares of nominal value €0,09 each, be reduced to € 3.911.551,77 divided into 391.155.177 shares of €0,01 each.
(C) That the reduction mentioned in paragraphs (A) and (B) above be carried out by the reduction of nominal value of each share from €0,09 each to €0,01 each, since the amount of €0,08 per issued and fully paid share, that is a total amount of €31.292.414,16 is part of the capital eroded due to losses.
(D) That, immediately following the reduction of the Company/s authorised share capital as mentioned in special resolution (A) above, and simultaneously with it, the authorized share capital of the Company be increased to its former level i.e. to €135.000.000, divided 13.500.000.000 shares of a nominal value of €0,01 each, with the creation of 12.000.000.000 new shares with a nominal value of €0,01 each, which will rank pari passu with the existing shares of the Company».
Tuesday, 9 October, 2012 - 09:07