Muskita: Nine-month results 2007 – EGM on 20/12 for conversion of capital into euros and capital increase
We wish to inform you that at the meeting held on November 28, 2007, the Board of Directors of Muskita Aluminium Industries Plc decided the following:
It examined and approved the unaudited consolidated results for the nine months ended September 30, 2007. The results are attached.
The results will not be posted to the shareholders but will be available at the Company’s registered office, A’ Limassol Industrial Area. The results will be published in newspapers “Phileleftheros” and “Simerini” on 30/11/07.
The Board of Directors also decided to hold an Extraordinary General Meeting on Thursday, December 20, 2007 at 1.00 pm at the Company’s office to approve the following resolutions:
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”.
It examined and approved the unaudited consolidated results for the nine months ended September 30, 2007. The results are attached.
The results will not be posted to the shareholders but will be available at the Company’s registered office, A’ Limassol Industrial Area. The results will be published in newspapers “Phileleftheros” and “Simerini” on 30/11/07.
The Board of Directors also decided to hold an Extraordinary General Meeting on Thursday, December 20, 2007 at 1.00 pm at the Company’s office to approve the following resolutions:
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”.
