The Board of Directors of ATLANTIC INSURANCE COMPANY PUBLIC LTD announces that at the meeting held on April 30, 2015 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 2014. According to the audited financial statements, the profit attributable to shareholders stood at 4.95 million compared to €4.97 million based on the indicative results announced on February 20, 2015 as explained in note 37 of the financial statements.
2. It was decided that the Annual General Meeting will take place on Wednesday, June 10, 2015 at 18.00 at the Company’s Head Office.
The AGM notice will not be posted to the shareholders pursuant to the provisions of Article 128 of the Companies’ Law Chapter 113. The notice and the proxy form will be available at the Company’s website (www.atlantic.com.cy) and the CSE website (www.cse.com.cy).
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 proceed to buyback of own shares pursuant to article 57A of the Company’s Law Chapter 113. The minimum and maximum acquisition price of shares will not exceed (5%) of the average market value of transactions carried out in the Cyprus Stock Exchange over the last five trading sessions prior to the acquisition of the shares. The company can buy back the maximum number of shares allowed by the law within the period of twelve months from the approval of the current resolution. The shares can be acquired either by private agreement or by buying from the market”.
The EGM notice will not be posted to the shareholders pursuant to the provisions of Article 128 of the Companies’ Law Chapter 113. The notice and the proxy form will be available at the Company’s website (www.atlantic.com.cy) and the CSE website (www.cse.com.cy).
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 and the CSE website, www.cse.com.cy. The Annual Report will be available in printed form during the AGM.
