Lemeco: Board changes – Capital increase via issue of Rights – EGM on 2/11
5/10/2007 11:18
At the meeting held on 4/10/2007, the Board of Directors of Lemeco Silvex Industries Public Company Ltd decided the following:
1. In view of the successful completion of the Public Offer and the acquisition of the majority stake of the Company by Aspis Holdings, Messrs. Michalakis Ioannides, Costas Constantinides, Dimosthenis Severis and Yiannos Ioannides submitted their resignation from the Board of Directors. The resignations have been accepted. The new Board members are Messrs. Timis Efthimiou, Giorgos Constantinou, Antonis Antoniou and Kyriakos Kyriakou.
The Company’s Secretary, Antonis Kallis, submitted his resignation. Marketrends Secretarial Services Ltd has been appointed as new Secretary.
The Company would like to thank the Board members and the Secretary for their valuable contribution to the Company.
2. Under its new structure, the Board of Directors decided that the Company proceeds with a capital increase via the issue and allocation of Rights to the existing shareholders. The issue price and the ratio of Rights that will be offered will be determined at the next Board meeting to take place on 10/10/2007, after securing the opinion of the legal and stock markets consultants of the Company.
3. The Board of Directors decided to hold an Extraordinary General Meeting on 2/11/2007 for the capital increase.
The resolutions will be announced after the end of the Board meeting on 10/10/2007.
1. In view of the successful completion of the Public Offer and the acquisition of the majority stake of the Company by Aspis Holdings, Messrs. Michalakis Ioannides, Costas Constantinides, Dimosthenis Severis and Yiannos Ioannides submitted their resignation from the Board of Directors. The resignations have been accepted. The new Board members are Messrs. Timis Efthimiou, Giorgos Constantinou, Antonis Antoniou and Kyriakos Kyriakou.
The Company’s Secretary, Antonis Kallis, submitted his resignation. Marketrends Secretarial Services Ltd has been appointed as new Secretary.
The Company would like to thank the Board members and the Secretary for their valuable contribution to the Company.
2. Under its new structure, the Board of Directors decided that the Company proceeds with a capital increase via the issue and allocation of Rights to the existing shareholders. The issue price and the ratio of Rights that will be offered will be determined at the next Board meeting to take place on 10/10/2007, after securing the opinion of the legal and stock markets consultants of the Company.
3. The Board of Directors decided to hold an Extraordinary General Meeting on 2/11/2007 for the capital increase.
The resolutions will be announced after the end of the Board meeting on 10/10/2007.
