The Board of Directors of Renos Hadjiioannou Farm Public Company Ltd approved the unaudited consolidated financial statements for the period 1/1/2012-30/6/2012 and the Interim Management Statement for the six months ended 30/6/2012. The results will be published in a daily newspaper while copies of the financial statements and the Interim Management Statement will be available free of charge at the Company’s office.
It also decided to negotiate with the convertible bondholders so as to proceed with their partial exchange with shares at 3 cents and with non-convertible bonds on terms to be agreed. The aim is to avoid expenses of €100,000 in a period that the Company faces liquidity problems and the conversion price is 15 times higher than the CSE price. The Company will issue the relevant announcement and will submit any agreement to the Extraordinary General Meeting for approval.
It also decided to negotiate with the convertible bondholders so as to proceed with their partial exchange with shares at 3 cents and with non-convertible bonds on terms to be agreed. The aim is to avoid expenses of €100,000 in a period that the Company faces liquidity problems and the conversion price is 15 times higher than the CSE price. The Company will issue the relevant announcement and will submit any agreement to the Extraordinary General Meeting for approval.
Thursday, 26 July, 2012 - 09:46