Orphanides: AGM decisions
25/6/2007 10:03
Orphanides Public Company Limited announces that the Annual General Meeting held on Friday, June 22, 2007 at 16.00 at Orphanides Mall in Nicosia decided the following:
1. Financial statements
The AGM approved the final results for the year ended December 31, 2006 as audited by the external auditors of the Company, as well as the Directors’ Report and the Auditors’ Report.
2. Appointment of Board members
Pursuant to the Articles of Association and the provisions of the Corporate Governance Code, the AGM reelected Mr. Simos Kyriakides as Board member. Messrs. Christos Orphanides, Giorgos Hadjimichael and Marios Antoniades will continue to be Board members.
The AGM also ratified the appointment of Messrs. Christos Phylaktos and Polys Kourousides, who had been appointed by the Board of Directors on May 30, 2007 and the appointment of Messrs. Ntinos Lefkaritis and Michalis Petsas, who had been appointed by the Board of Directors on June 19, 2007.
3. Remuneration of the Board members
The remuneration of the Board members will be increased from £1,200 to £1,500 per annum and £40 per meeting attended by the Director.
4. Appointment of Auditors
The AGM reappointed KPMG as auditors and authorized the Board of Directors to set their remuneration.
1. Financial statements
The AGM approved the final results for the year ended December 31, 2006 as audited by the external auditors of the Company, as well as the Directors’ Report and the Auditors’ Report.
2. Appointment of Board members
Pursuant to the Articles of Association and the provisions of the Corporate Governance Code, the AGM reelected Mr. Simos Kyriakides as Board member. Messrs. Christos Orphanides, Giorgos Hadjimichael and Marios Antoniades will continue to be Board members.
The AGM also ratified the appointment of Messrs. Christos Phylaktos and Polys Kourousides, who had been appointed by the Board of Directors on May 30, 2007 and the appointment of Messrs. Ntinos Lefkaritis and Michalis Petsas, who had been appointed by the Board of Directors on June 19, 2007.
3. Remuneration of the Board members
The remuneration of the Board members will be increased from £1,200 to £1,500 per annum and £40 per meeting attended by the Director.
4. Appointment of Auditors
The AGM reappointed KPMG as auditors and authorized the Board of Directors to set their remuneration.
