Caramondani: EGM approved redenomination of capital in euros
18/1/2008 9:00
The Extraordinary General Meeting held on January 17, 2008 approved unanimously the following special resolutions:
Special Resolution 1
a) That the Company’s Articles of Association and Memorandum be amended so that the nominal value of the shares and the nominal share capital of the Company be redenominated into euros and that the redenomination be carried out pursuant to the provisions of Law 33(I)/2007, Article 18(1).
b) The redenomination into euros be converted and rounded based on Article 5 of the European Directive.
c) The Company use the exchange rate of €1.00 = £0.585274.
Special Resolution 2
That pursuant to the above Law and Articles of Special Resolution 1:
a) The current nominal value of the share be redenominated from £0.25 to €0.43 after the rounding.
b) The nominal capital of the Company be converted from £5,000,000 divided into 20,000,000 ordinary shares of nominal value £0.25 to €8,600,000.00 divided into 20,000,000 ordinary shares of nominal value €0.43.
c) The issued share capita of the Company be increased from €4,281,531.81 (£2,505,869.25) divided into 10,023,477 shares to €4,310,095.11 after the rounding divided into 10,023,477 shares of nominal value €0.43.
d) The increase by €28,563.30 be registered in the share premium.
Special Resolution 1
a) That the Company’s Articles of Association and Memorandum be amended so that the nominal value of the shares and the nominal share capital of the Company be redenominated into euros and that the redenomination be carried out pursuant to the provisions of Law 33(I)/2007, Article 18(1).
b) The redenomination into euros be converted and rounded based on Article 5 of the European Directive.
c) The Company use the exchange rate of €1.00 = £0.585274.
Special Resolution 2
That pursuant to the above Law and Articles of Special Resolution 1:
a) The current nominal value of the share be redenominated from £0.25 to €0.43 after the rounding.
b) The nominal capital of the Company be converted from £5,000,000 divided into 20,000,000 ordinary shares of nominal value £0.25 to €8,600,000.00 divided into 20,000,000 ordinary shares of nominal value €0.43.
c) The issued share capita of the Company be increased from €4,281,531.81 (£2,505,869.25) divided into 10,023,477 shares to €4,310,095.11 after the rounding divided into 10,023,477 shares of nominal value €0.43.
d) The increase by €28,563.30 be registered in the share premium.
