We would like to inform you that the Board of Directors of the Company met on Thursday 29 April 2010, examined and approved among other things the final results and financial statements of the year ended 31 December, 2009. In particular, the Board of Directors:
1. Examined and approved the Directors’ Report and the financial statements of the Group and the company for the year 2009. The financial statements of the Group and the Company for the year are attached. A satisfactory number of copies of the financial statements of the Company for the year 2009 as they have been approved and signed and as they will be included in the Annual Report for the year 2009 will be available at the Company’s main offices, Iapetou 5, Ag. Athanasios Industrial Area, Limassol and will be published on the web site of the Company, www.phil-andreou.com. The Annual Report of the Company will be posted to shareholders with the Invitation for the Annual General Meeting at a date to be announced later.
2. The Loss increase of Euro 9.349 compared to the preliminary results is considered immaterial compare to the Group size and results and therefore no reconciling statement is prepared.
3. Examined and approved the Corporate Governance Report for the year 2009.
4. Assigned Mr. Michalis Petrakis as chairman of the Audit committee and Mr. Andreas Laos as member of the Remuneration and Audit Committee.
5. Decided the date, time and venue of the Annual General Meeting of the Company, to take place on 1st July 2010 on 18:30 p.m. at the Company’s main offices, Iapetou 5, Ag. Athanasios Industrial Area, Limassol.
6. Decided to propose for approval by the forthcoming Annual General Meeting the non-payment of a final dividend for the year 2008.
1. Examined and approved the Directors’ Report and the financial statements of the Group and the company for the year 2009. The financial statements of the Group and the Company for the year are attached. A satisfactory number of copies of the financial statements of the Company for the year 2009 as they have been approved and signed and as they will be included in the Annual Report for the year 2009 will be available at the Company’s main offices, Iapetou 5, Ag. Athanasios Industrial Area, Limassol and will be published on the web site of the Company, www.phil-andreou.com. The Annual Report of the Company will be posted to shareholders with the Invitation for the Annual General Meeting at a date to be announced later.
2. The Loss increase of Euro 9.349 compared to the preliminary results is considered immaterial compare to the Group size and results and therefore no reconciling statement is prepared.
3. Examined and approved the Corporate Governance Report for the year 2009.
4. Assigned Mr. Michalis Petrakis as chairman of the Audit committee and Mr. Andreas Laos as member of the Remuneration and Audit Committee.
5. Decided the date, time and venue of the Annual General Meeting of the Company, to take place on 1st July 2010 on 18:30 p.m. at the Company’s main offices, Iapetou 5, Ag. Athanasios Industrial Area, Limassol.
6. Decided to propose for approval by the forthcoming Annual General Meeting the non-payment of a final dividend for the year 2008.
Friday, 30 April, 2010 - 10:14