We wish to inform you that at the meeting held on April 27, 2009 at 4.00 pm, the Board of Directors of Muskita Aluminium Industries Plc decided the following:
1. Approved the final results for the financial year ended December 31, 2008. The results are attached. The final results are not different from the indicative results.
Copies will be available at the Company’s registered office, Limassol Industrial Area, Limassol and the Company’s website, www.muskita.com.cy.
The final form of the Annual Report will be posted to the shareholders together with the notification for the Annual General Meeting. The date of dispatch will be announced at a later stage.
2. The Annual General Meeting will take place on Wednesday, July 22, 2009 at 6.30 pm at the Company’s premises, Limassol Industrial Area.
3. The Board of Directors decided to propose to the Annual General Meeting the payment of a dividend of €0.07 per share, that is, 41% on the nominal value of the share that stands at €5,775,000. The dividend derives by €234,800 from the profits of 2007, by €5,469,238 from the profits of 2008 and by €70,962 from the difference from the redenomination of the share capital in euros.
The record date, the ex-dividend date and the date of payment will be announced at a later stage.
After taking into account the Company’s course during the first months of 2009 and examining the prospects as these are affected by the global recession, which is expected to affect the domestic market in 2009, the Board of Directors believes that the Group’s profitability for the year will be lower.
1. Approved the final results for the financial year ended December 31, 2008. The results are attached. The final results are not different from the indicative results.
Copies will be available at the Company’s registered office, Limassol Industrial Area, Limassol and the Company’s website, www.muskita.com.cy.
The final form of the Annual Report will be posted to the shareholders together with the notification for the Annual General Meeting. The date of dispatch will be announced at a later stage.
2. The Annual General Meeting will take place on Wednesday, July 22, 2009 at 6.30 pm at the Company’s premises, Limassol Industrial Area.
3. The Board of Directors decided to propose to the Annual General Meeting the payment of a dividend of €0.07 per share, that is, 41% on the nominal value of the share that stands at €5,775,000. The dividend derives by €234,800 from the profits of 2007, by €5,469,238 from the profits of 2008 and by €70,962 from the difference from the redenomination of the share capital in euros.
The record date, the ex-dividend date and the date of payment will be announced at a later stage.
After taking into account the Company’s course during the first months of 2009 and examining the prospects as these are affected by the global recession, which is expected to affect the domestic market in 2009, the Board of Directors believes that the Group’s profitability for the year will be lower.
Tuesday, 28 April, 2009 - 08:36