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Muskita: AGM decisions – Dividend of €0.06 – Non re-election of G. Mouskis in BoD

We wish to inform you that the Annual General Meeting of Muskita Aluminium Industries Plc held on Wednesday, July 16, 2010 at 6.30 pm at the Company’s office, Limassol Industrial Area, decided the following:

1. Approved the audited financial statements for the year ended December 31, 2009 and the Auditors’ Report.

2. Approved the proposal of the Board of Directors for the payment of a final dividend of €0.06 per share or 35% of the nominal value of the share that stands at €4,950,000. The dividend above stems by €2,850,000 from the profits of 2008 and €2,100,000 from the profits of 2009. The dividend will be paid to the shareholders on July 23, 2010.

The ex-dividend date will be June 24, 2010.

3. Of the outgoing Board members, Messrs. Christos Mouskis and Glafkos Mouskis, Mr. Christos Mouskis was re-elected, while Mr. Glafkos Mouskis did not put himself forward for re-election due to Corporate Governance Code purposes.

4. Approved the remuneration of the Board members from €2050 to €2500 and that of the Chief Executive Officer.

5. Approved the Remunerations Policy.

6. Approved the reappointment of KPMG as auditors and authorized the Board of Directors to set their remuneration.


Thursday, 17 June, 2010 - 09:37