You are here

Panayides: Final results 2003 – AGM and EGM on 11/6 for change of name

At the meeting held on Thursday, April 29, 2004, the Board of Directors decided the following:

1. Approved the audited financial statements for the year ended December 31, 2003.

2. The final audited results for 2003 have showed an increase of £78,077 compared to the preliminary results. The profit after taxation amounts to £1,313,938 against £1,235,861 in the preliminary results. This is mostly attributable to the accurate calculation of the Company’s taxation.

3. Set the date for the Annual General Meeting, which will take place on Friday, June 11, 2004.

4. To propose to the AGM the non payment of a dividend for the year 2003.

5. To hold an Extraordinary General Meeting on Friday, June 11, 2004 (following the AGM) for the change of the Company’s name to comply with the provisions of article 4 of the Companies’ Law.

6. Copies of the Annual Report and the Invitation for the AGM and the EGM will be posted to the shareholders on Friday, April 30, 2004. Copies will also be available free of charge at the Company’s office, 105 Ayion Omologiton Avenue, Nicosia, tel. 22 66 33 33.
Friday, 30 April, 2004 - 11:14