RAI: EGM approved redenomination of capital
21/10/2008 9:13
We wish to inform you that the Extraordinary General Meeting of RAI Consultants Public Ltd held on October 20, 2008 at 16.00 at the Company’s office, 8 Skopa, 1075 Nicosia decided the following:
SPECIAL RESOLUTIONS
1. That the Company’s nominal capital, which stands at £4,000,000 divided into 40,000,000 shares of £0.10 each be redenominated into €6,800,000 divided into 40,000,000 shares of €0.17 each.
2. That each issued share of nominal value £0.10 each be redenominated in one share of nominal value €0.17.
3. That the issued share capital, which stands at £1,142,857.30 divided into 11,428,573 shares of £0.10 each be redenominated into €1,942,857.41 divided into 11,428,573 shares of €0.17 each.
4. Due to the fact that the nominal value of the share has been rounded in €0.17 and since the issued share capital has been reduced with the sum of €9,830.22, €9,830.22 will be credited in the “Difference from redenomination of share capital in euros”.
SPECIAL RESOLUTIONS
1. That the Company’s nominal capital, which stands at £4,000,000 divided into 40,000,000 shares of £0.10 each be redenominated into €6,800,000 divided into 40,000,000 shares of €0.17 each.
2. That each issued share of nominal value £0.10 each be redenominated in one share of nominal value €0.17.
3. That the issued share capital, which stands at £1,142,857.30 divided into 11,428,573 shares of £0.10 each be redenominated into €1,942,857.41 divided into 11,428,573 shares of €0.17 each.
4. Due to the fact that the nominal value of the share has been rounded in €0.17 and since the issued share capital has been reduced with the sum of €9,830.22, €9,830.22 will be credited in the “Difference from redenomination of share capital in euros”.
