Santumas Shareholdings plc – Approval of Financial Statements

Santumas Shareholdings plc issued the following Company Announcement, pursuant to the Malta Financial Services Authority Listing Rules 

The Board of Directors of Santumas Shareholdings plc has today, the 24th August 2015, approved the audited financial statements for the financial year ended 30th August 2015. The Board resolved that these audited financial statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting which is scheduled for Friday, 11th December 2015. 

The Company registered a profit before tax of EUR515,545, compared to EUR714,569 registered in 2014. Revenue for the period amounted to EUR 689,228, a decline of 16 % from the previous year. EPS decreased to EUR 0.2523.

The Board of Directors further resolved to recommend for the approval of the Annual General Meeting:

A bonus share issue of one share for every ten shares held which will be allotted to shareholders on the company's share register as at close of business on Friday, 8th January 2016. The bonus issue will be funded by a capitalisation of reserves amounting to EUR100,744.

Application will be made for the necessary authorisations concerning the listing of the bonus share issue on the Malta Stock Exchange.

To view the official Company Announcement, click here.