TIDMAFRB TIDMAFID
RNS Number : 5526N
AFI Development PLC
27 October 2016
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN
AFI DEVELOPMENT PLC
("AFI DEVELOPMENT" OR "THE COMPANY")
Annual General Meeting held at 3 p.m. EEST on 26 October
2016
At the Annual General Meeting of shareholders of AFI Development
PLC held on 26 October 2016 at the offices of the Company
Secretary, Messrs Fuamari Secretarial Limited, at 6 Spyrou
Kyprianou Av., 3070 Limassol Cyprus at 3 p.m. EEST, resolutions
relating to the following matters were duly approved and passed by
shareholders:
A shares:
Resolutions For Against Abstain Withheld Total
------------------------------- ------------ -------- ------------ --------- ------------
1. To adopt the Consolidated
Financial Statements
of the Company for the
year ended 31 December
2015, together with
the reports of the Directors
and auditors thereon 337,831,768 0 186,015,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
2. To re-elect Mr. Lev
Leviev as Director and
Executive Chairman 337,831,768 0 186,015,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
3. To re-elect Mr. Moshe
Amit as a Non-Executive
Independent Director 337,796,768 0 186,050,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
4. To re-elect Mr. Panayiotis
Demetriou as a Non-Executive
Independent Director 337,796,768 35,000 186,015,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
5. To appoint chartered
accountants Messrs.
KPMG Limited (Cyprus)
as the Company auditors
and to authorise the
Directors to agree on
their remuneration 337,796,768 0 186,050,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
6. To approve that the
Directors to be generally
and unconditionally
authorised, in accordance
with Articles 10-12
and the terms of any
resolution creating
new shares, to exercise
any power of the Company
to allot and grant options
or rights to subscribe
for or to convert securities
into shares of the Company,
pursuant to an employee
share scheme, up to
a maximum nominal amount
of USD 104,769.41; such
authority to expire
on the earlier of the
conclusion of the Company's
next annual general
meeting and 30 November
2017 but, in each case,
so that the Company
may make offers and
enter into agreements
during the relevant
period which would,
or might, require shares
to be allotted or rights
to subscribe for or
convert securities into
shares to be granted
after the authority
ends and the Directors
may allot shares or
grant rights to subscribe
for or convert securities
into share under any
such offer or agreement
as if the authority
had not ended. 337,794,582 2,186 186,050,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
7. To approve the amendment
of the minimum number
of directors in article
107 of the Company's
Articles of Association
from five to three. 337,831,768 0 186,015,257 2 523,847,027
------------------------------- ------------ -------- ------------ --------- ------------
B shares General Meeting:
Resolutions For Against Abstain Withheld Total
------------------------------- ------------ -------- -------- ------------ ------------
1. To adopt the Consolidated
Financial Statements
of the Company for the
year ended 31 December
2015, together with
the reports of the Directors
and auditors thereon 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
2. To re-elect Mr. Lev
Leviev as Director and
Executive Chairman 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
3. To re-elect Mr. Moshe
Amit as a Non-Executive
Independent Director 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
4. To re-elect Mr. Panayiotis
Demetriou as a Non-Executive
Independent Director 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
5. To appoint chartered
accountants Messrs.
KPMG Limited (Cyprus)
as the Company auditors
and to authorise the
Directors to agree on
their remuneration 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
6. To approve that the
Directors to be generally
and unconditionally
authorised, in accordance
with Articles 10-12
and the terms of any
resolution creating
new shares, to exercise
any power of the Company
to allot and grant options
or rights to subscribe
for or to convert securities
into shares of the Company,
pursuant to an employee
share scheme, up to
a maximum nominal amount
of USD 104,769.41; such
authority to expire
on the earlier of the
conclusion of the Company's
next annual general
meeting and 30 November
2017 but, in each case,
so that the Company
may make offers and
enter into agreements
during the relevant
period which would,
or might, require shares
to be allotted or rights
to subscribe for or
convert securities into
shares to be granted
after the authority
ends and the Directors
may allot shares or
grant rights to subscribe
for or convert securities
into share under any
such offer or agreement
as if the authority
had not ended 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
7. To approve the amendment
of the minimum number
of directors in article
107 of the Company's
Articles of Association
from five to three. 342,799,663 0 0 181,047,364 523,847,027
------------------------------- ------------ -------- -------- ------------ ------------
B shares Meeting of Independent Members:
Resolutions For Against Abstain Withheld Total
--------------------------------- ---- -------- -------- ------------ ------------
3. To re-elect Mr.
Moshe Amit as a Non-Executive
Independent Director 5 0 0 181,047,362 181,047,367
--------------------------------- ---- -------- -------- ------------ ------------
4. To re-elect Mr. Panayiotis
Demetriou as a Non-Executive
Independent Director 5 0 0 181,047,362 181,047,367
--------------------------------- ---- -------- -------- ------------ ------------
- ENDS -
For further information, please contact:
AFI Development, Moscow +7 495 796 9988
Ilya Kutnov
Citigate Dewe Rogerson, London +44 20 7638 9571
David Westover
Sandra Novakov
Isabelle Andrews
About AFI Development
Established in 2001, AFI Development is one of the leading real
estate development companies operating in Russia.
AFI Development is listed on the Main Market of the London Stock
Exchange and aims to deliver shareholder value through a commitment
to innovation and continuous project development, coupled with the
highest standards of design, construction and quality of customer
service.
AFI Development focuses on developing and redeveloping high
quality commercial and residential real estate assets across
Russia, with Moscow being its main market. The Company's existing
portfolio comprises commercial projects focused on offices,
shopping centers, hotels and mixed-use properties, and residential
projects. AFI Development's strategy is to sell the residential
properties it develops and to either lease the commercial
properties or sell them for a favourable return.
AFI Development is a leading force in urban regeneration,
breathing new life into city squares and neighbourhoods and
transforming congested and underdeveloped areas into thriving new
communities. The Company's long-term, large-scale regeneration and
city infrastructure projects establish the necessary groundwork for
the successful launch of commercial and residential properties,
providing a strong base for future.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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