Ablon Group Limited Result of EGM (9743W)
01 Februar 2013 - 5:19PM
UK Regulatory
TIDMABL
RNS Number : 9743W
Ablon Group Limited
01 February 2013
FOR RELEASE AT 1 February 2013
Result of Extraordinary General Meetings
The Requisitioned Extraordinary General Meeting (the
"Requisitioned EGM") of ABLON Group Limited ("ABLON" or the
"Company"), to consider the resolutions put forward following the
receipt of the requisition notice on 3 January 2013 at the request
of Radovan Vitek (the requisitioning shareholder), was held at its
registered office in Guernsey at 10.00 a.m. today.
The resolutions were determined by a poll as follows:
Resolution 1: For - 45 338 681 Against - 74 684 598 Percentage - 62.2% Failed
Resolution 2: For - 75 782 619 Against - 44 240 660 Percentage - 63.1% Approved
Resolution 3: For - 120 023 279 Against - 0 Percentage - 100% Approved
Resolution 4: For - 120 023 279 Against - 0 Percentage - 100% Approved
Accordingly, the resolution to remove Wolfhard Fromwald has
failed while Marek Modecki has been removed as a director. Radovan
Vitek and Martin Nemecek have been appointed as directors of the
Company.
The CVs of Mr Vitek and Mr Nemecek were published within the
Notice of the Extraordinary General Meeting and can be found on the
ABLON website at www.ablon-group.com
The Board now comprises Alex Borrelli Chairman, Adrienn Lovro
Executive Director and Wolfhard Fromwald, Martin Nemecek and
Radovan Vitek as Non-Executive Directors.
-------------------------------
The Extraordinary General Meeting convened by the Company on 10
January 2013 ("Company EGM") was held at its registered office in
Guernsey at 10.15 a.m. today.
The resolutions were determined by a poll as follows:
Resolution 1: For - 79 030 981 Against - 40 860 965 Percentage - 65.9% Approved
Resolution 2: For - 40 853 019 Against - 79 142 757 Percentage - 66.0% Failed
Accordingly the shareholders approved the termination of the
consultancy agreement with Senior Management Services Inc. under
which the services of Mr Heller were provided as CEO. Furthermore
the resolution for the proposed rights issue was not passed.
Alex Borrelli, Chairman, commented as follows:
"The Board would like to express its sincere gratitude to Uri
Heller, who founded the business of the Company in 1993 and then
guided its development over the years including its successful
listing in 2007. We wish Uri the very best in his future
endeavours.
I would like to thank Mr Modecki on behalf of the Board for his
contribution as a Non-Executive Director.
The Board welcomes Mr Vitek and Mr Nemecek, whose significant
commercial and real estate expertise will add a further fresh
perspective to ABLON.
As announced prior to the current EGM, following the termination
of the CEO Consultancy Agreement, the Board intends to seek to
determine appropriate candidates for the role of CEO and in the
meantime to ask Ms Adrienn Lovro to act as interim CEO.
Following the changes to the Board and management of ABLON the
Board will meet to review and discuss the Company's strategy taking
into account the fresh contributions by the elected new Board
members."
For further information, please contact:
ABLON Group Limited
Adrienn Lovro Tel. +36 1 225 6600
Newgate Threadneedle (Financial PR)
Graham Herring Tel. +44 (0) 20 7653 9858
NOTES TO EDITORS
About ABLON Group Limited
Founded in 1993 in Budapest (Hungary), ABLON and its
subsidiaries (together the "ABLON Group") has properties at 33
locations, of which there are 15 completed projects and 23
development projects in Budapest, Prague, Bucharest and Warsaw. Its
portfolio comprises a diversified mix of office, residential,
retail, logistics and hotel developments valued at EUR385 million
as at 30 June 2012. The ABLON Group had, as at 30 June 2012,
202,000 square metres of existing and income generating office,
residential, hotel, retail and logistics assets (at 15 locations)
in Budapest and Prague, with a significant development land bank
comprising a further 1,159,600 square metres (at 23 locations) in
Budapest, Prague, Bucharest and Warsaw. ABLON's shares are traded
on the Main Market of the London Stock Exchange under the ticker
'ABL'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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