Telia: EGM approved redenomination of capital
15/5/2008 9:27
The Extraordinary General Meeting of Telia Aqua Marine Public Limited took place on May 14, 2008 at the Company’s registered office, Pindarou and Androcleous Corner, Alithia Court, 6th floor, Nicosia. The EGM was attended by shareholders who represented 69.84% of the Company’s share capital.
The EGM was in quorum and examined and approved:
Special Resolution 1
a) That the Company’s share capital be redenominated from Cyprus pounds in euros, pursuant to the provisions of the Law on the Adoption of the Euro 2007, Law 33(1)2007.
b) That any rounding during the redenomination from Cyprus pounds in euros be carried out pursuant to the provisions of the Law.
c) That for the redenomination of the share capital from Cyprus pounds in euros, the Company use the £1 = €0.585274 exchange rate.
Special Resolution 2
a) That the Company’s nominal capital, which stands at £10,000,000 divided into 50,000,000 ordinary shares of nominal value £0.20 each be redenominated to €17,000,000 divided into 50,000,000 ordinary shares of nominal value €0.34 each.
b) That each issued share of nominal value £0.20 each be redenominated to €0.34 each.
c) That the Company’s issued capital, which stands at £4,545,400 divided into 22,727,000 ordinary shares of nominal value £0.20 each be redenominated to €7,727,180 divided into 22,727,000 ordinary shares of nominal value €0.34 each.
d) Due to the fact that the nominal value of the share has been rounded in €0.34 and since the issued share capital has been reduced with the sum of €39,096.99, the reduction with the sum of €39,096.99 be registered in a special reserve under the name “Difference from the redenomination of the share capital in euros”, which will be capitalized at a future capital increase.
The EGM was in quorum and examined and approved:
Special Resolution 1
a) That the Company’s share capital be redenominated from Cyprus pounds in euros, pursuant to the provisions of the Law on the Adoption of the Euro 2007, Law 33(1)2007.
b) That any rounding during the redenomination from Cyprus pounds in euros be carried out pursuant to the provisions of the Law.
c) That for the redenomination of the share capital from Cyprus pounds in euros, the Company use the £1 = €0.585274 exchange rate.
Special Resolution 2
a) That the Company’s nominal capital, which stands at £10,000,000 divided into 50,000,000 ordinary shares of nominal value £0.20 each be redenominated to €17,000,000 divided into 50,000,000 ordinary shares of nominal value €0.34 each.
b) That each issued share of nominal value £0.20 each be redenominated to €0.34 each.
c) That the Company’s issued capital, which stands at £4,545,400 divided into 22,727,000 ordinary shares of nominal value £0.20 each be redenominated to €7,727,180 divided into 22,727,000 ordinary shares of nominal value €0.34 each.
d) Due to the fact that the nominal value of the share has been rounded in €0.34 and since the issued share capital has been reduced with the sum of €39,096.99, the reduction with the sum of €39,096.99 be registered in a special reserve under the name “Difference from the redenomination of the share capital in euros”, which will be capitalized at a future capital increase.
