The following is a Company Announcement by Simonds Farsons Cisk plc pursuant to the Malta Financial Services Authority Listing Rule 8.7.
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Simonds Farsons Cisk plc wishes to announce that it has yesterday 24th June 2010 held its 63rd Annual General Meeting at the Hilton Malta, Portomaso.
The shareholders convened for this event, discussed and approved the following ordinary resolutions:
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that the Accounts for the year ended 31st January 2010 and the reports of the Directors and Auditors be hereby received and approved.
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that a net dividend of €1,500,000 paid out of tax exempt profits equivalent to a net dividend of €0.05 per ordinary share as recommended by the Directors, be hereby approved.
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that the appointment of PricewaterhouseCoopers as Auditors of the Company be hereby approved and that the Board of Directors be hereby authorized to fix their remuneration.
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that Directors be elected in accordance with Articles 20 to 22 both inclusive, of the Articles of Association of the Company.
Only two nominations were received within the stipulated time for election to the Board of Directors and consequently there was no need for an election to be held. Mr Bryan A. Gera and Dr Max Ganado LL.D., LL.M. were automatically elected as Directors of the Company with effect from the conclusion of this 63rd Annual General Meeting. The other Directors were confirmed in their posts.
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Arthur Muscat
Company Secretary