19 Aug 2011 14:13
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
AFI Development PLC
Annual General Meeting held at 3 p.m. on 19 August 2011
At the Annual General Meeting of shareholders of AFI Development PLC (the "Company" or "AFI Development") held on 19 August 2011 at the offices of Emerald Secretarial Ltd. Olympion Street, Omiros & Araouzos Tower, 3035, Limassol Cyprus at 3 p.m. EEST, resolutions relating to the following matters were duly approved and passed by shareholders:
A shares:
Resolutions | For | Against | Abstain | Discretionary | Total |
1. To adopt the Consolidated Financial Statements of the Company for the year ending 31 December 2010 | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
2. To re-elect Mr. Lev Leviev as a Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
3. To re-elect Mr. Alexander Khaldey as a Non-Executive Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
4. To re-elect Mr. Izzy Cohen as a Non-Executive Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
5. To re-elect Mr. Christakis Klerides as a Non-Executive Senior Independent Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
6. To re-elect Mr. Moshe Amit as a Non-Executive Independent Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
7. To re-elect Mr. John Porter as a Non-Executive Independent Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
8. To re-elect Mr. Michalis Sarris as a Non-Executive Independent Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
9. To re-elect Mr. Panayiotis Demetriou as a Non-Executive Independent Director | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
10. To appoint chartered accountants Messrs. KPMG Limited (Cyprus) as the Company auditors and authorise the Directors to agree on their remuneration | 360 201 464 | 0 | 0 | 163 645 563 | 523 847 027 |
11. To generally and unconditionally authorise the Directors, in accordance with Articles 10-12 and the terms of any resolution creating new shares, to exercise any power of the Company to allot and grant options or rights to subscribe for or to convert securities into shares of the Company, pursuant to an employee share scheme, up to a maximum nominal amount of USD 20,953.89; such authority to expire on the earlier of the conclusion of the Company's next annual general meeting and 30 June 2012 but, in each case, so that the Company may make offers and enter into agreements during the relevant period which would, or might, require shares to be allotted or rights to subscribe for or convert securities into shares to be granted after the authority ends and the Directors may allot shares or grant rights to subscribe for or convert securities into share under any such offer or agreement as if the authority had not ended. | 337 797 833 | 22 403 631 | 0 | 163 645 563 | 523 847 027 |
B shares:
Resolutions | For | Against | Abstain | Discretionary | Total |
1. To adopt the Consolidated Financial Statements of the Company for the year ending 31 December 2010 | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
2. To re-elect Mr. Lev Leviev as a Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
3. To re-elect Mr. Alexander Khaldey as a Non-Executive Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
4. To re-elect Mr. Izzy Cohen as a Non-Executive Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
5. To re-elect Mr. Christakis Klerides as a Non-Executive Senior Independent Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
6. To re-elect Mr. Moshe Amit as a Non-Executive Independent Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
7. To re-elect Mr. John Porter as a Non-Executive Independent Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
8. To re-elect Mr. Michalis Sarris as a Non-Executive Independent Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
9. To re-elect Mr. Panayiotis Demetriou as a Non-Executive Independent Director | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
10. To appoint chartered accountants Messrs. KPMG Limited (Cyprus) as the Company auditors and authorise the Directors to agree on their remuneration | 354 527 652 | 0 | 0 | 169 319 375 | 523 847 027 |
11. To generally and unconditionally authorise the Directors, in accordance with Articles 10-12 and the terms of any resolution creating new shares, to exercise any power of the Company to allot and grant options or rights to subscribe for or to convert securities into shares of the Company, pursuant to an employee share scheme, up to a maximum nominal amount of USD 20,953.89; such authority to expire on the earlier of the conclusion of the Company's next annual general meeting and 30 June 2012 but, in each case, so that the Company may make offers and enter into agreements during the relevant period which would, or might, require shares to be allotted or rights to subscribe for or convert securities into shares to be granted after the authority ends and the Directors may allot shares or grant rights to subscribe for or convert securities into share under any such offer or agreement as if the authority had not ended. | 333 752 157 | 20 775 495 | 0 | 169 319 375 | 523 847 027 |
- ENDS -
For further information, please contact:
AFI Development
Alexander Adadurov +7 495 796 9988
Citigate Dewe Rogerson, London +44 20 7638 9571
David Westover
Sean Bride
About AFI Development
AFI Development is one of the leading real estate development companies operating in Russia. Established in 2001, AFI Development is a publicly traded subsidiary of Africa Israel Investments Ltd.
AFI Development is listed on the Main Market of the London Stock Exchange and aims to deliver shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction, and quality and customer service.
AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets in Moscow, the Moscow Region, and other major cities in Russia and the CIS. The Company's existing portfolio of 30 development projects comprises commercial projects focused on offices, shopping centers, hotels and mixed-use properties, and residential projects. AFI Development's strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favorable return.
AFI Development is a leading force in urban regeneration, breathing new life into city squares and neighborhoods and transforming congested and underdeveloped areas into thriving new communities. The Company's long-term, large-scale regeneration and city infrastructure projects establish the necessary groundwork for the successful launch of commercial and residential properties, providing a strong base for future.
AFRB.L (AFRB)