Aqua Sol: Agenda of AGM and EGM on 19/6
26/5/2008 9:15
The Board of Directors of AQUA SOL HOTELS PUBLIC COMPANY LTD announces that, on 23/5/2008, it has mailed to all entitled registered Shareholders of the Company the Notice for the Extraordinary and the Annual General Meetings of the Company which shall take place on Thursday, 19/6/2008 at 14:45 p.m. and at 15:00 p.m. respectively at SUN HALL HOTEL, Larnaca with the following agenda:
AGENDA OF THE EXTRAORDINARY GENERAL MEETING
Examination and approval of the following special resolution:
SPECIAL RESOLUTION
«That pursuant to Law 33(Ι)/2007, Article 18(Ι) relating to the Adoption of the Euro: The nominal value of each share is converted from £0,20 to €0,34 with effect from 1st January 2008 after the rounding.
ii. The authorised share capital of the Company is converted from £100.000.000 divided into 500.000.000 ordinary shares of a nominal value of £0,20 each to €170.000.000 divided into 500.000.000 ordinary shares of a nominal value of €0,34 each.
iii. The issued share capital is converted from £51.600.000 divided into
258.000.000 ordinary shares of a nominal value of £0,20 each to €87.720.000 divided
into 258.000.000 ordinary shares of a nominal value of €0,34 each.
iv. The decrease arising from this conversion, i.e. €443.834,38 (£259.764,72), to be accounted in a special reserve called «Difference arising from the conversion of share capital into Euro».
The conversion is carried out on the nominal value of each share and not on the total amount of the share capital. The conversion of the nominal value from Cyprus Pounds into Euro is carried out with the split of the amount (value of share) in Cyprus Pounds with the irrevocable conversion price fixed on 10 July 2007 which is 0,585274 using all six decimal digits. The resulted amount in Euro is rounded down in 2 decimal digits to the closest cent.»
AGENDA OF THE ANNUAL GENERAL MEETING
1. Declaration of the Managing Director and the Annual Report of the Board of Directors of the Company for the year 2007.
2. Submission of the Auditors' Report for the year 2007.
3. Election of members of the Board of Directors to replace the resigning Directors.
4. Examination and approval of the following special resolution:
SPECIAL RESOLUTION
«That Messrs KPMG to be appointed and are hereby appointed as the auditors of the company for the year 2008 replacing Messrs PricewaterhouseCoopers Limited. The Board of Directors is authorised to fix their remuneration.»
5. Miscellaneous.
AGENDA OF THE EXTRAORDINARY GENERAL MEETING
Examination and approval of the following special resolution:
SPECIAL RESOLUTION
«That pursuant to Law 33(Ι)/2007, Article 18(Ι) relating to the Adoption of the Euro: The nominal value of each share is converted from £0,20 to €0,34 with effect from 1st January 2008 after the rounding.
ii. The authorised share capital of the Company is converted from £100.000.000 divided into 500.000.000 ordinary shares of a nominal value of £0,20 each to €170.000.000 divided into 500.000.000 ordinary shares of a nominal value of €0,34 each.
iii. The issued share capital is converted from £51.600.000 divided into
258.000.000 ordinary shares of a nominal value of £0,20 each to €87.720.000 divided
into 258.000.000 ordinary shares of a nominal value of €0,34 each.
iv. The decrease arising from this conversion, i.e. €443.834,38 (£259.764,72), to be accounted in a special reserve called «Difference arising from the conversion of share capital into Euro».
The conversion is carried out on the nominal value of each share and not on the total amount of the share capital. The conversion of the nominal value from Cyprus Pounds into Euro is carried out with the split of the amount (value of share) in Cyprus Pounds with the irrevocable conversion price fixed on 10 July 2007 which is 0,585274 using all six decimal digits. The resulted amount in Euro is rounded down in 2 decimal digits to the closest cent.»
AGENDA OF THE ANNUAL GENERAL MEETING
1. Declaration of the Managing Director and the Annual Report of the Board of Directors of the Company for the year 2007.
2. Submission of the Auditors' Report for the year 2007.
3. Election of members of the Board of Directors to replace the resigning Directors.
4. Examination and approval of the following special resolution:
SPECIAL RESOLUTION
«That Messrs KPMG to be appointed and are hereby appointed as the auditors of the company for the year 2008 replacing Messrs PricewaterhouseCoopers Limited. The Board of Directors is authorised to fix their remuneration.»
5. Miscellaneous.
