Sign In
21 Jul 2009 17:09
ο»Ώ
Β
Β CARPATHIANΒ PLC
Result ofΒ Annual GeneralΒ Meeting
The Board ofΒ CarpathianΒ PlcΒ ("the Company")Β areΒ pleased to announce that atΒ theΒ Annual General MeetingΒ heldΒ today,Β allΒ resolutions wereΒ passed. In addition to the usual business conducted at an Annual General Meeting, the following changes have been approved:
The Company will re-register as a Company governed by the Isle of Man Companies Act 2006 and adopt new Memorandum and Articles of Association;
Β£150,000,000 of the paid up share capital will be cancelled and re-classified as a distributable reserve;
The par value of the Ordinary Shares will be redenominated from Β£0.01 to β¬0.01.
As a consequence,Β it is expected thatΒ the share price of the Company will be quoted in EuroΒ takingΒ effect onΒ or around 24thΒ July 2009. Future dividends will be declared and paid in Euro, however, the Board intends to offer Shareholders the alternative of having dividends paid in sterling.
--ENDS--
Further information, please contact:Β
|
IOMA FundΒ andΒ Investment Management Limited Philip P Scales Β |
Tel: +44 (0) 1624 681250 |
|
Collins Stewart Europe LimitedΒ Bruce Garrow |
Tel: +44 (0)Β 20 7523 8350 |
Follow the stocks
