Euroinvestment: EGM decisions for share capital
13/12/2004 9:56
We wish to inform you that the Extraordinary General Meeting of Euroinvestment & Finance Ltd approved the following resolutions:
SPECIAL RESOLUTION 1
That the authorized share capital of the Company, which amounts to £12,500,000 divided into 24,999,999 ordinary shares of £0.50 each and the issued share capital of the Company, which amounts to £9,009,447 divided into 18,018,894 ordinary fully paid shares of £0.50 each be reduced to £500,000 divided into 24,999,999 ordinary shares of £0.02 each (authorized) and £360,378 divided into 18,018,894 ordinary fully paid shares of £0.02 each (issued) and that this reduction be carried out with the reduction of the nominal value of each share from £0.50 each to £0.02 each as the amount of £0.48 per issued and fully paid ordinary shares, that is £8,649,069 due to losses is not represented by the current assets of the company.
SPECIAL RESOLUTION 2
That, subject to the approval of the special resolution 1 and the approval of reduction by the Court, the account from the goodwill of shares which amounts to £3,305,550 be reduced to £43,293 and that this reduction be carried out with the reduction of the accumulated losses by £3,262,257, which is not represented by the current assets of the company due to losses.
ORDINARY RESOLUTION 3
That with the adoption of resolutions 1 and 2, the authorized share capital which amounts to £500,000 divided into 24,999,999 ordinary shares of £0.02 each and the issued share capital which amounts to £360,378 divided into 18,018,894 ordinary fully paid shares of nominal value £0.02 each consolidate to £500,000 divided into 5,000,000 ordinary shares of £0.10 each (authorized) and £360,378 divided into 3,603,779 ordinary fully paid shares of nominal value £0.10 each (issued) and that this consolidation be carried out with the consolidation of the nominal value of every 5 shares of £0.02 each to 1 share of £0.10.
ORDINARY RESOLUTION 4
That with the adoption of resolutions 1, 2 and 3 the authorized share capital which amounts to £500,000 divided into 5,000,000 ordinary shares of £0.10 each be increased to £1,500,000 divided into 15,000,000 ordinary shares of £0.10 each.
SPECIAL RESOLUTION 1
That the authorized share capital of the Company, which amounts to £12,500,000 divided into 24,999,999 ordinary shares of £0.50 each and the issued share capital of the Company, which amounts to £9,009,447 divided into 18,018,894 ordinary fully paid shares of £0.50 each be reduced to £500,000 divided into 24,999,999 ordinary shares of £0.02 each (authorized) and £360,378 divided into 18,018,894 ordinary fully paid shares of £0.02 each (issued) and that this reduction be carried out with the reduction of the nominal value of each share from £0.50 each to £0.02 each as the amount of £0.48 per issued and fully paid ordinary shares, that is £8,649,069 due to losses is not represented by the current assets of the company.
SPECIAL RESOLUTION 2
That, subject to the approval of the special resolution 1 and the approval of reduction by the Court, the account from the goodwill of shares which amounts to £3,305,550 be reduced to £43,293 and that this reduction be carried out with the reduction of the accumulated losses by £3,262,257, which is not represented by the current assets of the company due to losses.
ORDINARY RESOLUTION 3
That with the adoption of resolutions 1 and 2, the authorized share capital which amounts to £500,000 divided into 24,999,999 ordinary shares of £0.02 each and the issued share capital which amounts to £360,378 divided into 18,018,894 ordinary fully paid shares of nominal value £0.02 each consolidate to £500,000 divided into 5,000,000 ordinary shares of £0.10 each (authorized) and £360,378 divided into 3,603,779 ordinary fully paid shares of nominal value £0.10 each (issued) and that this consolidation be carried out with the consolidation of the nominal value of every 5 shares of £0.02 each to 1 share of £0.10.
ORDINARY RESOLUTION 4
That with the adoption of resolutions 1, 2 and 3 the authorized share capital which amounts to £500,000 divided into 5,000,000 ordinary shares of £0.10 each be increased to £1,500,000 divided into 15,000,000 ordinary shares of £0.10 each.
