C.T.O: AGM decisions
27/5/2011 13:23
The Board of Directors of C.T.O. Public Company Ltd announces that the Annual General Meeting held on Friday, May 17, 2011 at 9.00 am at the Company’s Registered Office in Larnaca examined the issues of the agenda as these were determined in the relevant notification.
The AGM decided the following:
1. Approved the Audited consolidated financial statements for the year ended December 31, 2010, the Directors’ Report and the Auditors’ Report
2. Re-elected unanimously the following Board members, who had withdrawn but put themselves forward for re-election:
Thanos Michael
Michael Charalambous
Harris Kokkinos
Alexis Mavromatis
Costas Markides
Iakovos Constantinidis
3. The remuneration of the Board remains the same.
4. Approved the reappointment of KPMG as auditors and authorized the Board of Directors to set their remuneration.
5. Decided to pay a dividend from the profits of 2010 of €0.005 per ordinary share of nominal value €0.09 each, that is, 5.56% on the nominal value of the ordinary share.
The record date will be on June 3, 2011. The cum-dividend date will be on June 7, 2011 while the ex-dividend date will be on June 8, 2011.
The dividend will be paid to the shareholders on July 6, 2011.
The AGM decided the following:
1. Approved the Audited consolidated financial statements for the year ended December 31, 2010, the Directors’ Report and the Auditors’ Report
2. Re-elected unanimously the following Board members, who had withdrawn but put themselves forward for re-election:
Thanos Michael
Michael Charalambous
Harris Kokkinos
Alexis Mavromatis
Costas Markides
Iakovos Constantinidis
3. The remuneration of the Board remains the same.
4. Approved the reappointment of KPMG as auditors and authorized the Board of Directors to set their remuneration.
5. Decided to pay a dividend from the profits of 2010 of €0.005 per ordinary share of nominal value €0.09 each, that is, 5.56% on the nominal value of the ordinary share.
The record date will be on June 3, 2011. The cum-dividend date will be on June 7, 2011 while the ex-dividend date will be on June 8, 2011.
The dividend will be paid to the shareholders on July 6, 2011.
