We wish to announce that the Annual General Meeting of CLR Capital Public Ltd held on Thursday, July 10, 2008 at the Company’s office, 26 Vironos Avenue, CLR House, Nicosia, decided the following:
Ordinary activities
Annual Report and financial statements 2007
The AGM presented the Directors’ Report and the Auditors’ Report and approved the audited financial statements for the year ended December 31, 2007.
Reappointment of Auditors
The AGM approved the reappointment of PriceWaterHouseCoopers Ltd as auditors and authorized the Board of Directors to set their remuneration.
Reappointment of Board members
The AGM approved the reappointment of Mrs. Kalliopi Toumbouri as Board member, who withdrew pursuant to the rotation process and put themselves forward for reelection.
Special activities
The AGM approved the special resolution on the redenomination of the share capital from Cyprus pounds in euros.
Special Resolution 1
That:
a. The share capital of the Company be redenominated in euros pursuant to Law 33(I)/2007, article 18(I).
b. The redenomination in euros be rounded pursuant to article 5 of the European Directive.
c. The Company uses the £1.00 = €0.585274 exchange rate,
Special Resolution 2
That pursuant to the above Law and Articles:
a. The current nominal value of the share be redenominated from £0.10 to €0.17 after the rounding.
b. The nominal capital of the Company be redenominated from £100,000,000 divided into 1,000,000,000 ordinary shares of nominal value £0.10 each to €170,000,000 divided into 1,000,000,000 ordinary shares of nominal value €0.17 each.
c. The issued share capital of the Company be redenominated from £20,160,000 divided into 201,600,000 ordinary shares of nominal value £0.10 each to €34,272,000 divided into 201,600,000 ordinary shares of nominal value €0.17 each after the rounding with the simultaneous increase in the share capital by €1,068,941 that will be carried out with the equal capitalization of the profits reserves”.
Ordinary activities
Annual Report and financial statements 2007
The AGM presented the Directors’ Report and the Auditors’ Report and approved the audited financial statements for the year ended December 31, 2007.
Reappointment of Auditors
The AGM approved the reappointment of PriceWaterHouseCoopers Ltd as auditors and authorized the Board of Directors to set their remuneration.
Reappointment of Board members
The AGM approved the reappointment of Mrs. Kalliopi Toumbouri as Board member, who withdrew pursuant to the rotation process and put themselves forward for reelection.
Special activities
The AGM approved the special resolution on the redenomination of the share capital from Cyprus pounds in euros.
Special Resolution 1
That:
a. The share capital of the Company be redenominated in euros pursuant to Law 33(I)/2007, article 18(I).
b. The redenomination in euros be rounded pursuant to article 5 of the European Directive.
c. The Company uses the £1.00 = €0.585274 exchange rate,
Special Resolution 2
That pursuant to the above Law and Articles:
a. The current nominal value of the share be redenominated from £0.10 to €0.17 after the rounding.
b. The nominal capital of the Company be redenominated from £100,000,000 divided into 1,000,000,000 ordinary shares of nominal value £0.10 each to €170,000,000 divided into 1,000,000,000 ordinary shares of nominal value €0.17 each.
c. The issued share capital of the Company be redenominated from £20,160,000 divided into 201,600,000 ordinary shares of nominal value £0.10 each to €34,272,000 divided into 201,600,000 ordinary shares of nominal value €0.17 each after the rounding with the simultaneous increase in the share capital by €1,068,941 that will be carried out with the equal capitalization of the profits reserves”.
Friday, 11 July, 2008 - 16:21