Universal Bank: EGM on 21/1 for name change, split and BoD
12/12/2008 9:41
We wish to announce that at the meeting held yesterday at 11.00 am, the Board of Directors of Universal Bank Public Ltd decided the following:
1. It will hold an Extraordinary General Meeting on 21.1.2009 at 4.00 pm at 83 Digeni Akrita Avenue, 6th floor, to examine and approve the following:
a) Special Resolution for the change of the Company’s name from Universal Bank Public Ltd to “USB Bank Plc”.
b) Ordinary resolution for the split of the nominal value of the shares from €1.71 to €0.57.
“That the nominal share capital of the Company, which comprises of €85,500,000 divided into 50,000,000 ordinary shares of nominal value €1.71 each be split to 150,000,000 ordinary shares of €0.57 each.
That the issued share capital of the Company, which comprises of €25,869,138.21 divided into 15,128,151 ordinary shares of €1.71 each be split to 45,384,453 ordinary shares of €0.57 each.
That the 45,384,453 new ordinary shares of €0.57 each that will result from the split above will be granted to the shareholders to the ratio of 3 new ordinary shares for every 1 old ordinary share”.
c) Remuneration of the Board members.
2. Appointment of Mr. Giorgos Stylianou as Higher Independent Board member with immediate effect.
1. It will hold an Extraordinary General Meeting on 21.1.2009 at 4.00 pm at 83 Digeni Akrita Avenue, 6th floor, to examine and approve the following:
a) Special Resolution for the change of the Company’s name from Universal Bank Public Ltd to “USB Bank Plc”.
b) Ordinary resolution for the split of the nominal value of the shares from €1.71 to €0.57.
“That the nominal share capital of the Company, which comprises of €85,500,000 divided into 50,000,000 ordinary shares of nominal value €1.71 each be split to 150,000,000 ordinary shares of €0.57 each.
That the issued share capital of the Company, which comprises of €25,869,138.21 divided into 15,128,151 ordinary shares of €1.71 each be split to 45,384,453 ordinary shares of €0.57 each.
That the 45,384,453 new ordinary shares of €0.57 each that will result from the split above will be granted to the shareholders to the ratio of 3 new ordinary shares for every 1 old ordinary share”.
c) Remuneration of the Board members.
2. Appointment of Mr. Giorgos Stylianou as Higher Independent Board member with immediate effect.
