Muskita: EGM approved conversion of capital into euros and capital increased
We wish to inform you that the Extraordinary General Meeting of Muskita Aluminium Industries Plc held on Thursday, December 20, 2007 at 1.00 pm at the Company’s office, Limassol Industrial Area, approved the following resolutions, which will be effective from January 1, 2008:
Ordinary Resolution 1
That:
1. “The share capital of the Company be expressed in euros pursuant to Law 33(I)/2007, Article 18(I)”
2. “The expression in euros be converted and rounded pursuant to Article 5 of the European Directive”.
3. “The exchange rate of £1 = €0.585274 is used”.
Ordinary Resolution 2
That pursuant to the above Law and Articles:
1. “The current nominal value of the share be converted and increased from £0.10 to €0.25 after the rounding”.
2. “The nominal capital of the Company be converted and increased from £100,000,000 divided into 1,000,000,000 ordinary shares of nominal value £0.10 each to €20,000,000 divided into 1,000,000,000 ordinary shares of nominal value €0.25 each”.
3. “The issued share capital be converted and increased after the rounding from €14,095,962 (£8,250,000) divided into 82,500,000 shares to €20,625,000 divided into 82,500,000 shares of nominal value €0.25 each.
4. “The increase by €6,529,038 be realized with the capitalization of part of the share premium”.
Ordinary Resolution 1
That:
1. “The share capital of the Company be expressed in euros pursuant to Law 33(I)/2007, Article 18(I)”
2. “The expression in euros be converted and rounded pursuant to Article 5 of the European Directive”.
3. “The exchange rate of £1 = €0.585274 is used”.
Ordinary Resolution 2
That pursuant to the above Law and Articles:
1. “The current nominal value of the share be converted and increased from £0.10 to €0.25 after the rounding”.
2. “The nominal capital of the Company be converted and increased from £100,000,000 divided into 1,000,000,000 ordinary shares of nominal value £0.10 each to €20,000,000 divided into 1,000,000,000 ordinary shares of nominal value €0.25 each”.
3. “The issued share capital be converted and increased after the rounding from €14,095,962 (£8,250,000) divided into 82,500,000 shares to €20,625,000 divided into 82,500,000 shares of nominal value €0.25 each.
4. “The increase by €6,529,038 be realized with the capitalization of part of the share premium”.
