3rd Aug 2012 07:00
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 2 August 2012
At the Annual General Meeting of shareholders of AFI Development PLC held on 2 August 2012 at the offices of Emerald Secretarial Ltd. Olympion Street, Omiros & Araouzos Tower, 3035, 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 | Discretionary | Total |
1. To adopt the Consolidated Financial Statements of the Company for the year ended 31 December 2011, together with the reports of the Directors and auditors thereon | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
2. To re-elect Mr. Lev Leviev as Director and Chairman | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
3. To re-elect Mr. Mark Groysman as an Executive Director | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
4. To remove the issue 4 "Re-electing Mr Izzy Cohen as a Non-Executive Director" from the Agenda, to declare null all votes that were received with regard thereto, and to record them accordingly in the voting table. (Due to the resignation of Mr. Izzy Cohen from the position of the Non-executive Director of the Company that was confirmed by the resignation letter received by the Company on 17th day of July, 2012) | Null | Null | Null | Null | Null |
5. To re-elect Mr. Christakis Klerides as a Non-Executive Senior Independent Director | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
6. To re-elect Mr. Moshe Amit as a Non-Executive Independent Director | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
7. To re-elect Mr. John Porter as a Non-Executive Independent Director | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
8. To re-elect Mr. Michael Sarris as a Non-Executive Independent Director | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
9. To re-elect Mr. Panayiotis Demetriou as a Non-Executive Independent Director | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
10. To appoint chartered accountants Messrs. KPMG Limited (Cyprus) as the Company auditors and | 340,173,624 | 7,142,857 | 0 | 176,530,546 | 523 847 027 |
11. 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 78,577.05; such authority to expire on the earlier of the conclusion of the Company's next annual general meeting and 31 August 2013 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. | 340,022,786 | 7,293,695 | 0 | 176,530,546 | 523 847 027 |
B shares:
Resolutions | For | Against | Abstain | Discretionary | Total |
1. To adopt the Consolidated Financial Statements of the Company for the year ended 31 December 2011, together with the reports of the Directors and auditors thereon | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
2. To re-elect Mr. Lev Leviev as Director and Chairman | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
3. To re-elect Mr. Mark Groysman as an Executive Director | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
4. To remove the issue 4 "Re-electing Mr Izzy Cohen as a Non-Executive Director" from the Agenda, to declare null all votes that were received with regard thereto, and to record them accordingly in the voting table. (Due to the resignation of Mr. Izzy Cohen from the position of the Non-executive Director of the Company that was confirmed by the resignation letter received by the Company on 17th day of July, 2012) | Null | Null | Null | Null | Null |
5. To re-elect Mr. Christakis Klerides as a Non-Executive Senior Independent Director | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
6. To re-elect Mr. Moshe Amit as a Non-Executive Independent Director | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
7. To re-elect Mr. John Porter as a Non-Executive Independent Director | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
8. To re-elect Mr. Michael Sarris as a Non-Executive Independent Director | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
9. To re-elect Mr. Panayiotis Demetriou as a Non-Executive Independent Director | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
10. To appoint chartered accountants Messrs. KPMG Limited (Cyprus) as the Company auditors and | 345,192,424 | 7,142,857 | 0 | 171,511,746 | 523 847 027 |
11. 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 78,577.05; such authority to expire on the earlier of the conclusion of the Company's next annual general meeting and 31 August 2013 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. | 345,147,224 | 7,188,057 | 0 | 171,511,746 | 523 847 027 |
- ENDS -
For further information, please contact:
AFI Development +7 495 796 9988
Ilya Kutnov
Citigate Dewe Rogerson, London +44 20 7638 9571
David Westover
Reena Mavjee
Sandra Novakov
About AFI Development
AFI Development is one of the leading real estate development companies operating in Russia. Established in 2001, AFI Development is a publicly traded subsidiary of Africa Israel Investments Ltd.
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 and 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.
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