[2007-06-26]  COMMUNIQUE-Resolution of special meetimg
Notice is hereby given that at the Special Meeting of the Shareholders of Mauritian Eagle Insurance Company Ltd held on Tuesday 26 June 2007, the Shareholders have considered and approved the following resolution:
To capitalise the sum of FIFTY THREE MILLION THREE HUNDRED AND THIRTY THREE THOUSAND THREE HUNDRED AND TWENTY RUPEES (Rs53,333,320) representing share premium of TWENTY ONE MILLION FOUR HUNDRED AND FOUR THOUSAND FOUR HUNDRED AND FIFTY THREE RUPEES (Rs21,404,453), revaluation reserve of TWENTY MILLION TWO HUNDRED AND FIFTEEN THOUSAND SIX HUNDRED AND FORTY RUPEES (Rs20,215,640) and retained profits of ELEVEN MILLION SEVEN HUNDRED AND THIRTEEN THOUSAND TWO HUNDRED AND TWENTY SEVEN RUPEES (Rs11,713,227) and that such sum capitalised be appropriated as a Special Bonus Issue to all shareholders registered at the close of business on 13 July 2007 and to apply such sum in paying in full FIVE MILLION THREE HUNDRED AND THIRTY THREE THOUSAND THREE HUNDRED AND THIRTY TWO (5,333,332) ordinary shares to be allotted amongst shareholders in the proportion of two (2) ordinary shares for every one (1) held on the above date. Such shares are to be issued on the same terms and shall rank pari passu with the existing ordinary shares of the company.
The established calendar for the Bonus Issue is as follows:
First Cum-bonus trading session : 27 June 2007
Last Cum-bonus trading session : 10 July 2007
Ex Bonus : 11 July 2007
Close of books : 13 July 2007
First day for trading of bonus shares : 13 August 2007
Shareholders who have not yet deposited their shares in the Central Depository & Settlement Co Ltd (CDS) and who wish to trade in bonus shares on 13 August 2007, are advised to deposit their share certificates with the CDS by 6 July 2007 at latest.
By Order of the Board
Simon Pierre Rey Secretary
26 June 2007
Source: © 2003 Associated Brokers Ltd.