Al Ezz Gds Regs Regulatory News (AEZD)

19 Feb 2007 07:00

Al EZZ Steel Rebars S.A.E.18 February 2007 Al Ezz Steel Rebars S.A.E Authorized capital: 8 Billion Egyptian Pounds Issued capital paid in full: 911,561,370 Egyptian Pounds Commercial Registry No. 472 Issued from Menouf Notice of Extraordinary General Meeting Held on 17 February 2007 Notice is hereby given that the following resolutions have been voted on andapproved by the shareholders of Al Ezz Steel Rebars S.A.E (the "Company") at anExtraordinary General Meeting held on 17 February 2007: RESOLUTION 1. After having noted certain considerations expressed by existing shareholders andtheir wish to join in the capital increase, the Extraordinary General Meetinghas determined not to proceed with the proposed increase of issued capitalthrough the issuance of shares offered in a private placement. The ExtraordinaryGeneral Meeting recommended that the Board of Directors evaluates thefeasibility of a capital increase reserved for the Company's existingshareholders, and to implement such a capital increase as the Board may deemappropriate in accordance with the Egyptian Companies Law and the EgyptianCapital Markets Law. RESOLUTION 2. In light of Resolution No. 1 above, the Extraordinary General Meeting decidednot to consider items Nos. 2, 3, 4 and 5 of the Agenda. RESOLUTION 3. After due consideration of item no. 6 of the Agenda, the Company's managementhas been authorized to progress the implementation of the change of theCompany's corporate name and to undertake or perform on behalf of the Companyany act or measure necessary or convenient in connection with such change. This information is provided by RNS The company news service from the London Stock Exchange