CTO: AGM decisions - Resignation of Board member
22/6/2012 16:16
The Board of Directors of C.T.O. Public Company Ltd announces that the Annual General Meeting held on Friday, June 22, 2012 at 10.00 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, 2011, 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 Re-elected unanimously the following Board members, who had withdrawn but put themselves forward for re-election: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
Mr. Iacovos Constantinides resigned due to other professional commitments and Mrs. Maria Panayiotou was appointed as new Board member.
3. The remuneration of the Board remains the same.
4. KPMG resigned and were reappointed by the Company. The Company followed the procedure of articles 153 and 154 of the Companies’ Law on the possible replacement of the Auditors due to its effort to reduce its expenses via a tender procedure.
The AGM decided the following:
1. Approved the Audited consolidated financial statements for the year ended December 31, 2011, 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 Re-elected unanimously the following Board members, who had withdrawn but put themselves forward for re-election: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
Mr. Iacovos Constantinides resigned due to other professional commitments and Mrs. Maria Panayiotou was appointed as new Board member.
3. The remuneration of the Board remains the same.
4. KPMG resigned and were reappointed by the Company. The Company followed the procedure of articles 153 and 154 of the Companies’ Law on the possible replacement of the Auditors due to its effort to reduce its expenses via a tender procedure.
