Global Auto-Trade Group PLC
Global Auto-Trade Group PLC: Results of Minutes of a Directors Meeting
Global Auto-Trade Group PLC / Key word(s): Corporate Action/Corporate Action Announcement Global Auto-Trade Group Plс Results of Minutes of a Directors Meeting “GATG” or “the Company” June 17, 2015 Meeting of directors held on June 11, 2015 regarding cancellation of treasury shares. With a purpose to establish full compliance again with the GXG Market’s rules Board of Directors held a meeting on June 11 2015, to approve the cancellation of treasury shares that were included in the share capital. The decision to cancel has been made pursuant to Rule 2.2b of Market Rules of GXG Markets’ Main Quote, as amended, to which Company’s shares are currently quoted and admitted to trading, all those shares are required to be fully paid up. Presently, Company share capital includes 642,542 treasury shares, being ordinary shares of EUR0.10 par value each and not fully paid up, issued and held in escrow on the GATG’s account. After careful consideration, it was resolved: THAT 642,542 ordinary shares of EUR0.10 par value each, in the Company’s share capital, issued and outstanding and not fully paid up shall be cancelled. The Board further informs that in order to fully meet GXG Market’s requirements to the Paid-Up Capital, GATG currently finalizes initiated procedures to reduce the number of shares and restructure the paid-in capital according to the applicable accounting regime, mainly 1) Reverse-split all of the shares at factor 12; 2) Re-denominate all classes from no-par-value to EUR0.10 par value; 3) Cancel all treasury shares. These corporate actions have been completed on an extraordinary GM on April 29th & board level decisions and are currently being implemented with company’s registrar ComputerShare. Enquiries: Global Auto-trade Group PLC The Directors of the Company accept responsibility for this announcement. About Global Auto-Trade Group Plc 2015-06-17 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Global Auto-Trade Group PLC | |
12 Mount Havelock | ||
IM1 2QG Douglas | ||
Isle of Man | ||
Phone: | +44 (0)1624 618444 | |
Fax: | +44 (0)1624 618555 | |
E-mail: | ir@globalautotg.com | |
Internet: | www.globalautotg.com | |
ISIN: | IM00B6R6T382 | |
Listed: | Foreign Exchange(s) GXG | |
End of News | EquityStory.RS, LLC News-Service |
369403 2015-06-17 |