Christis: AGM decisions – EGM approved buyback & change of name
31/5/2005 10:06
ANNUAL GENERAL MEETING
The Annual General Meeting of Christis Dairies Ltd held on May 30, 2005 at the Hilton Hotel in Nicosia presented the financial statements and the Directors’ Report for 2004 and approved a) the reelection of Messrs. Demetris Demetriou, Marios Kambanelas, Christianos Loukides, Pavlos Economides, Giorgos Lytras, Marios Panayides and Neophytos Rodas as Board members, b) the remuneration of Board members and c) the reappointment of KPMG as auditors.
PROFITABILITY FOR 2005
Executive Chairman, Mr. Marios Kambanelas stated that the Company is expected to return to profitability in 2005, given the progress of operations from early 2005.
BUYBACK OF OWN SHARES
The Extraordinary General Meeting approved the special resolution, which extended the authorization of the Board of Directors for the next 12 months to buyback shares on behalf of the company, pursuant to the provisions of the relevant legislation.
NAME CHANGE
The Extraordinary General Meeting also approved the special resolution for the change of the Company’s name from Christis Dairies Limited to Christis Dairies Public Limited.
The Annual General Meeting of Christis Dairies Ltd held on May 30, 2005 at the Hilton Hotel in Nicosia presented the financial statements and the Directors’ Report for 2004 and approved a) the reelection of Messrs. Demetris Demetriou, Marios Kambanelas, Christianos Loukides, Pavlos Economides, Giorgos Lytras, Marios Panayides and Neophytos Rodas as Board members, b) the remuneration of Board members and c) the reappointment of KPMG as auditors.
PROFITABILITY FOR 2005
Executive Chairman, Mr. Marios Kambanelas stated that the Company is expected to return to profitability in 2005, given the progress of operations from early 2005.
BUYBACK OF OWN SHARES
The Extraordinary General Meeting approved the special resolution, which extended the authorization of the Board of Directors for the next 12 months to buyback shares on behalf of the company, pursuant to the provisions of the relevant legislation.
NAME CHANGE
The Extraordinary General Meeting also approved the special resolution for the change of the Company’s name from Christis Dairies Limited to Christis Dairies Public Limited.
