We wish to inform you that at the meeting held on February 18, 2009, the Board of Directors of Muskita Aluminium Industries Plc examined and approved the indicative results for the year ended December 31, 2008. The results are attached.
The indicative results will not be posted to the shareholders but will be published in newspapers “Phileleftheros” and “Haravgi” on February 20, 2009. Copies will be available at the Company’s registered office, A’ Limassol Industrial Area, Limassol.
It is also announced that Muskita Aluminium Industries Plc acquired an additional 62.58% of the share capital of M.E.B.A Limassol Ltd, while it already held 4.42%. The main activity of M.E.B.A Limassol Ltd is the possession, operation and administration of the central chemical and biological unit of the industrial sewage of A’ Limassol Industrial Area.
The acquisition price of the additional 62.58%, which will increase the Company’s stake to 67%, stands at €24,653.40 and was paid cash. The Company was acquired at its fair value and no significant goodwill has resulted.
The aforementioned acquisition was deemed necessary since according to the Articles of Association of M.E.B.A, its shares must be held by the industries that use its services.
The indicative results will not be posted to the shareholders but will be published in newspapers “Phileleftheros” and “Haravgi” on February 20, 2009. Copies will be available at the Company’s registered office, A’ Limassol Industrial Area, Limassol.
It is also announced that Muskita Aluminium Industries Plc acquired an additional 62.58% of the share capital of M.E.B.A Limassol Ltd, while it already held 4.42%. The main activity of M.E.B.A Limassol Ltd is the possession, operation and administration of the central chemical and biological unit of the industrial sewage of A’ Limassol Industrial Area.
The acquisition price of the additional 62.58%, which will increase the Company’s stake to 67%, stands at €24,653.40 and was paid cash. The Company was acquired at its fair value and no significant goodwill has resulted.
The aforementioned acquisition was deemed necessary since according to the Articles of Association of M.E.B.A, its shares must be held by the industries that use its services.
Thursday, 19 February, 2009 - 08:39