Santumas Shareholdings plc – Resolutions for Annual General Meeting

September 5, 2014
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

Santumas Shareholdings plc announced that the 51st Annual General Meeting of the company is scheduled to be held on Wednesday, 24th September 2014 for the purpose of considering and if deemed proper, approving the resolutions set out below:

ORDINARY BUSINESS

 

ORDINARY RESOLUTIONS

 

1. That the Profit and Loss Account and Balance Sheet of the financial year ended 31st March 2014, and the Directors and Auditors' Reports thereon, be hereby received and approved.

 

2. That the reappointment of Enrst & Young as Auditors be hereby approved, and the Board of Directors be hereby authorised to establish their remuneration.

 

3. That Anthony Demajo be and is hereby appointed as director until the next Annual General Meeting.

 

4. That Edward Firman be and is hereby appointed as director until the next Annual General Meeting.

 

SPECIAL BUSINESS -EXTRAORDINARY RESOLUTION

 

1. That, subject to the Malta Financial Services Authority's ("MFSA") consent, the Company: (i) surrenders its licence as a collective investment scheme;

 

(ii) applies to the Listing Authority in order to de-list the Company's shares on the Malta Stock Exchange ("MSE") as a collective investment scheme;

and (iii) subject to the Listing Authority accepting such de-listing application to, simultaneously, apply to list the Company's shares as a property holding company in terms of Chapter 7 of the Listing Rules.

 

2. (a) To re-denominate the nominal value of the share capital of the Company from €0.582343 to €0.55 per share and accordingly change the authorized share capital of the Company from two million three hundred and twenty-nine thousand and three hundred seventy-two Euro (€2,329,372) divided into four million ordinary shares (4,000,000) Ordinary Shares of zero point five eight two three fourthree Eurocents (€0.582343) each share to two million three hundred and twenty-nine thousand and three hundred seventy-two Euro (€2,329,372) divided into four million, two hundred thirty-five thousand and two hundred and twenty-two (4,235,222) shares of a nominal value of €0.55 each share;

 

(b) To increase the share capital from €969,703.59 to €1,007,443.80, through the capitalisation of revaluation reserves in the amount of €37,740.21, and to issue the equivalent number of fully paid up shares of a nominal value of €0.55 per share to shareholders of the Company who have last traded on the 3rd September 2014 and appear on the register of members of the Company as at 9th  September 2014 at the ratio of one (1) bonus share for every ten (10) ordinary shares held (subject to rounding).

 

3. That the memorandum and articles of association of the Company be and are hereby amended in toto and are hereby replaced by the new Memorandum and Articles of Association.

 

 

To view the official company announcement, click here.