Orphanides: Final results 2006 – AGM on 22/6 - CGC
2/5/2007 8:11
Pursuant to the CSE and SEC Regulations and in order to fully inform the shareholders and the investing public in general, Orphanides Public Company Ltd announces that:
At the meeting held on Monday, April 30, 2007 at the Company’s Head Office, the Board of Directors decided the following:
1. Final results 2006
The Board of Directors examined and approved the final results for the year ended December 31, 2006. The net profit for 2006 stands at £2,335,673. The results are attached. Copies will be available at the Company’s Head Office, 20-22 Kranidioti Avenue, Larnaca.
2. Dividend
The Board of Directors will not propose the payment of a dividend due to its development projects.
3. Annual General Meeting
The Annual General Meeting will take place on Friday, June 22, 2007 at 16.00 at the Orphanides Mall in Nicosia.
4. Corporate Governance Code
Further to the changes in the composition of the Board of Directors, the Board of Directors proceeded to the restructuring of the Audit, Remuneration and Nominations Committee, in line with the Corporate Governance Code.
Audit Committee: Giorgos Hadjimichael (Chairman), Marios Antoniades, Simos Kyriakides
Nominations Committee: Christos Orphanides (Chairman), Giorgos Hadjimichael, Simos Kyriakides
Remunerations Committee: Simos Kyriakides (Chairman), Marios Antoniades, Giorgos Hadjimichael
At the meeting held on Monday, April 30, 2007 at the Company’s Head Office, the Board of Directors decided the following:
1. Final results 2006
The Board of Directors examined and approved the final results for the year ended December 31, 2006. The net profit for 2006 stands at £2,335,673. The results are attached. Copies will be available at the Company’s Head Office, 20-22 Kranidioti Avenue, Larnaca.
2. Dividend
The Board of Directors will not propose the payment of a dividend due to its development projects.
3. Annual General Meeting
The Annual General Meeting will take place on Friday, June 22, 2007 at 16.00 at the Orphanides Mall in Nicosia.
4. Corporate Governance Code
Further to the changes in the composition of the Board of Directors, the Board of Directors proceeded to the restructuring of the Audit, Remuneration and Nominations Committee, in line with the Corporate Governance Code.
Audit Committee: Giorgos Hadjimichael (Chairman), Marios Antoniades, Simos Kyriakides
Nominations Committee: Christos Orphanides (Chairman), Giorgos Hadjimichael, Simos Kyriakides
Remunerations Committee: Simos Kyriakides (Chairman), Marios Antoniades, Giorgos Hadjimichael
