Amer Group Plc's Annual General Meeting approved on 20 March 2003 that the registered share capital of Amer Group be decreased by EUR 3,873,200 by cancelling without payment those 968,300 of its own shares the Company holds. The registration notification about the decrease was delivered to the Trade Register after the one month time appointed. Thus, according to the Companies Act, the AGM resolution to decrease the Group's share capital has lapsed.
Because the shares to be cancelled are held by the Company, the failed registration has no impact whatsoever on the operations of the Group or on its financial status. Therefore, the Group's Board of Directors has decided that the matter will be re-resolved in the AGM of 2004 and no extraordinary meeting will be arranged.
Amer Group's share capital totals EUR 96,906,080 and the total number of shares in issue is 24,226,520.
The AGM's resolutions to change the terms of the 2002 warrant scheme as well as to issue a new warrant scheme to the Group's key personnel will be registered in May.
Because the shares to be cancelled are held by the Company, the failed registration has no impact whatsoever on the operations of the Group or on its financial status. Therefore, the Group's Board of Directors has decided that the matter will be re-resolved in the AGM of 2004 and no extraordinary meeting will be arranged.
Amer Group's share capital totals EUR 96,906,080 and the total number of shares in issue is 24,226,520.
The AGM's resolutions to change the terms of the 2002 warrant scheme as well as to issue a new warrant scheme to the Group's key personnel will be registered in May.