Notice is hereby given that the annual General Meeting of the Members of the Company will be held on Thursday, 19th of June, 201 at 19.00 at the Hilton Lefkosia hotel in Lefkosia when the following ordinary business will be transacted:
Ordinary activity:
A. To receive and consider the Annual Report of the Directors, the Report as to the Corporate Governance, the Audited Financial Statements of the Mother Company for the year 2013, the Audited Consolidated Financial Statements of the Company for the year 2013 and the Auditors’ Report.
B. To declare a dividend.
C. To elect members of the Board of Directors.
D. To fix the remuneration of the members of the Board of Directors.
E. To re-appoint the auditors of the Company and authorise the Board of Directors to fix their remuneration.
Extraordinary activity:
That the Board of Directors be authorized to proceed to buyback of own shares within the period of twelve months from the date of this resolution on the following conditions”:
1. The buyback of own shares be carried out either by private agreement or from the stock market with the disposal of realized non-disbursed profits or pursuant to the legislation.
2. The total nominal value of shares acquired, including shares already held by the company or by third parties on its behalf, will not exceed 10% of the issued share capital or 25% of the average value of transactions carried out over the 30 days prior to such a purchase, whichever is the least.
3. Shares acquired to be held for a maximum of two years.
4. The maximum acquisition price of shares will not exceed 5% of the average market value of shares over the five trading sessions prior to such acquisition, without a minimum acquisition price.
5. The relevant provisions of the CSE Laws and Regulations will be applicable.
Ordinary activity:
A. To receive and consider the Annual Report of the Directors, the Report as to the Corporate Governance, the Audited Financial Statements of the Mother Company for the year 2013, the Audited Consolidated Financial Statements of the Company for the year 2013 and the Auditors’ Report.
B. To declare a dividend.
C. To elect members of the Board of Directors.
D. To fix the remuneration of the members of the Board of Directors.
E. To re-appoint the auditors of the Company and authorise the Board of Directors to fix their remuneration.
Extraordinary activity:
That the Board of Directors be authorized to proceed to buyback of own shares within the period of twelve months from the date of this resolution on the following conditions”:
1. The buyback of own shares be carried out either by private agreement or from the stock market with the disposal of realized non-disbursed profits or pursuant to the legislation.
2. The total nominal value of shares acquired, including shares already held by the company or by third parties on its behalf, will not exceed 10% of the issued share capital or 25% of the average value of transactions carried out over the 30 days prior to such a purchase, whichever is the least.
3. Shares acquired to be held for a maximum of two years.
4. The maximum acquisition price of shares will not exceed 5% of the average market value of shares over the five trading sessions prior to such acquisition, without a minimum acquisition price.
5. The relevant provisions of the CSE Laws and Regulations will be applicable.