TECHNICAL OLYMPIC S.A.
Notification of the Cancellation of the 1st Repeat Ordinary General Shareholders' Meeting of the Company "TECHNICAL OLYMPIC S.A."
Technical Olympic would like to inform its investors that the 1st Repeat Ordinary General Shareholders' Meeting of the Company was held on Tuesday, August 19 2008 at 12:00 pm.
From a total of 165,625,000 common registered shares with voting rights, only 7,704,104 duly deposited shares i.e. 4.69% 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 2nd Repeat General Meeting, which will be held on Monday, September 8 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 7,704,104 duly deposited shares i.e. 4.69% 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 2nd Repeat General Meeting, which will be held on Monday, September 8 2008 at 12:00 pm, at the same place, to reach decisions on all items of the agenda.