[2007-08-20]  Communiqué-Resolution of board meeting
The Board of directors of Mon Désert Alma Limited hereby informs the company’s shareholders and the public that at a Board meeting of the company, the following were resolved:
The company’s shares will be converted to no par value shares.
The constitution of the company will be repealed and a new constitution adopted subject to approval being obtained from the Stock Exchange of Mauritius.
All of the company’s 395,322 Preference Shares will be converted into 395,322 Ordinary shares. Following this conversion, the company will have a total of 2,194,500 Ordinary shares in issue.
Regulatory approval will be sought for the listing of the new 395,322 ordinary shares on the Official List of the Stock Exchange of Mauritius. The Preference shares’ conversion as well as the adoption of the new Constitution will only become effective upon such approval from the Stock Exchange of Mauritius being granted.
Thereafter the Board will recommend the approval of the above three proposals at shareholders’ meetings which will be held in due course.
By order of the Board
Julien Hoareau
For ESPITALIER NOEL LTD
Secretaries
20 August 2007
This Communiqué is issued pursuant to Listing Rule 11.3.
The Board of Directors of Mon Désert Alma Limited accepts full responsibility for the accuracy of the information contained in this communiqué
Source: © 2003 Associated Brokers Ltd.