Kronos Press Distribution Agency Ltd. announced that during its Extraordinary General Meeting held on the 2 March 2001, the following resolutions were approved.
1. Increase of the nominal capital of the company from CYP 5 million divided into 20 million shares of 25 cents each to CYP 20 million divided into 80 million shares of 25 cents.
2. The Board was authorised to issue and offer at its discretion, shares of the company up to 10% of the issued capital at the time of such issuance, as exchange or part exchange for acquisition of shares of other companies and/or acquisition of business operations and/or assets and/or associations, without having to offer the new shares issued to shareholders of the company as at the date of such issuance by the Board.
1. Increase of the nominal capital of the company from CYP 5 million divided into 20 million shares of 25 cents each to CYP 20 million divided into 80 million shares of 25 cents.
2. The Board was authorised to issue and offer at its discretion, shares of the company up to 10% of the issued capital at the time of such issuance, as exchange or part exchange for acquisition of shares of other companies and/or acquisition of business operations and/or assets and/or associations, without having to offer the new shares issued to shareholders of the company as at the date of such issuance by the Board.
Monday, 5 March, 2001 - 00:00