Tower Group A/S
Today, 25 May 2012, Tower Group A/S held an Extraordinary General Meeting.
Lawyer Zygmunt Auster was, in compliance with the Company Statutes § 6.1, appointed as chairman of the meeting.
The Extraordinary General Meeting considered the agenda item no. 2:
Approval of the transaction, where the Company sells, and FFIRE Investment GmbH and Value Development GmbH acquires, Tower 1 erste Immobilien GmbH, Tower 1 neunte Immobilien GmbH, Eranus Investment GmbH, Tower Pension 1 GmbH, Tower Pension 2 GmbH, and Molinia sp. z o.o. under the share purchase agreement between the Company and FFIRE Investment GmbH and Value Development GmbH of 3 April 2012.
Petr Skrla, member of the board of directors, informed the Extraordinary General Meeting that the Board continues its efforts to complete the sale according to the mentioned sales and purchase agreement of 3 April 2012, as described in Company release no. 5, 4 April 2012.
Petr Skrla also informed that there are certain important conditions, which have not been met yet. There is, however, an expectation that these conditions will be clarified and fulfilled during the next couple of hours. As a result, the board of directors suggested that the current Extraordinary General Meeting was suspended and subjected to continuation later today, 25 May 2012, at 4:00 p.m.
The chairman of the meeting consequently decided to postpone the Extraordinary General Meeting until 25 May 2012 at 4:00 p.m., where the meeting will be resumed. The participating shareholders had no objections in that respect.
Best regards
Tower Group A/S
Anton Aksic
Chairman of the Board of Directors
Questions regarding this release can be directed to CEO, Martin Coté, on tel.: +420 725 716 755.
