Financial Results
Atlantic: Final results 2013 – AGM and EGM for buyback on 4/6
Atlantic: Final results 2013 – AGM and EGM for buyback on 4/6
The Board of Directors of ATLANTIC INSURANCE COMPANY PUBLIC LTD announces that at the meeting held on April 24, 2014 at the Company’s Head Office, it decided the following:
1. Examined and approved the Annual Report, the audited consolidated financial statements, the audited financial statements of the parent company and the Corporate Governance Report for 2013. According to the audited financial statements, the profit attributable to shareholders stood at 2.91 million compared to €2.95 million based on the indicative results announced on February 28, 2014. This divergence is attributable to the readjustment of taxation of €37 thousand as seen in note 37 of the financial statements.
2. It was decided that the Annual General Meeting will take place on Wednesday, June 4, 2014 at 17.00 at the Company’s Head Office.
3. The AGM will be followed by an Extraordinary General Meeting for the approval of the following resolutions:
Special resolution 1
“That the Board of Directors be authorized to adopt a buyback program, pursuant to the provisions of the Companies’ Law 2000 and the provisions of Regulation 2273/2003 of the European Commission. The shares will be acquired either by private agreement or from the market”.
Copies of the results will be available free of charge at the Company’s Head Office, 15 Esperidon, 2001 Strovolos and the Company’s website, www.atlantic.com.cy. The Annual Report will be available in printed form during the AGM.
