TECHNICAL OLYMPIC S.A.
Notification of the Cancellation of the Postponed Ordinary General Shareholders' Meeting of TECHNICAL OLYMPIC S.A.
Technical Olympic would like to inform its investors that the postponed Company Ordinary General Shareholders' Meeting was held on Wednesday, 30 July 2008 at 12:00 pm.
From a total of 165,625,000 common registered shares with voting rights, only 7,351,388 duly deposited shares i.e. 4.438% of the paid share capital, were present or represented.
Therefore, the General Meeting was cancelled, because the necessary lawful quorum of 1/5 of the company?s paid share capital was not established, in accordance with Article 29, paragraph 1 of Codified Law 2190/1920, as in force.
The Board of Directors will lawfully convene the 1st Repeat General Meeting, which will be held on Tuesday, 19 August 2008 at 12:00 pm, at the same place, to reach decisions on all items of the agenda.
From a total of 165,625,000 common registered shares with voting rights, only 7,351,388 duly deposited shares i.e. 4.438% of the paid share capital, were present or represented.
Therefore, the General Meeting was cancelled, because the necessary lawful quorum of 1/5 of the company?s paid share capital was not established, in accordance with Article 29, paragraph 1 of Codified Law 2190/1920, as in force.
The Board of Directors will lawfully convene the 1st Repeat General Meeting, which will be held on Tuesday, 19 August 2008 at 12:00 pm, at the same place, to reach decisions on all items of the agenda.