Stademos Considers Issuance of Warrants
24/4/2001 0:00
The Board of Stademos Hotels Ltd announced that it will be convening on the 9 May 2001 in order to examine and approve the audited final results of the company for the year ending 31 December 2000 and to determine the date of the AGM and the EGM.
Further, it will examine and decide on proposals put forward concerning the capital base of the company including a proposal for the issuance of warrants to shareholders of the company.
A special resolution will be put to the EGM which will allow the Board to proceed with the issuance of 3.500.000 shares of 40 cents nominal value each in exchange for acquisition of 100% of the share capital of the company Glyki Nero Estate Company Ltd. without having to offer these shares to existing shareholders. A relevant announcement was made by the company on the 21 March 2001.
Finally, a special resolution will be put to the EGM allowing the Board to buy back shares of the company in line with current legislaiton.
Further, it will examine and decide on proposals put forward concerning the capital base of the company including a proposal for the issuance of warrants to shareholders of the company.
A special resolution will be put to the EGM which will allow the Board to proceed with the issuance of 3.500.000 shares of 40 cents nominal value each in exchange for acquisition of 100% of the share capital of the company Glyki Nero Estate Company Ltd. without having to offer these shares to existing shareholders. A relevant announcement was made by the company on the 21 March 2001.
Finally, a special resolution will be put to the EGM allowing the Board to buy back shares of the company in line with current legislaiton.
