Medserv plc – Announces the outcome of the resolutions proposed to the annual general meeting

Medserv plc annouced that at the annual general meeting of the company held on  May 15, 2014, the shareholders considered and approved the following resolutions: 

Ordinary Business 

Resolutions 

1. that the Consolidated Financial Statements for the financial period ended 31 December 2013 and the Directors’ and Auditors’ report thereon be hereby received and approved; 

2. that the appointment of KPMG as auditors of the Company be hereby approved and that the Board of Directors be hereby authorized to fix their remuneration. 

3. that a net dividend of €0.024c per share equivalent to the sum of €600,000 as recommended by the Directors, be and is hereby approved for payment to all shareholders on the register of members as at the close of trading on the 15 April 2014; 

4. that the maximum directors’ aggregate emoluments in any one financial year be increased from Euro300,000 to Euro450,000 .

Special Business 

Resolution 

1. that the Memorandum and Articles of Association of the company be and are hereby amended so that clause 55.1.1 of the Memorandum of Association of the Company be amended in its entirety as follows:

 “55.1.1 Any Member or number of Members who in the aggregate hold not less than 0.5% of the total number of shares having voting rights in the Company shall be entitled to nominate a fit and proper person for appointment as a Director of the Company.” 

The Company had five vacancies for Directors. Five valid nominations have been received from each of Anthony J. Duncan, Anthony S. Diacono, Johannes Jacobus van Leeuwen, Joseph F.X. Zahra and Joseph Zammit Tabona. In view of the fact that there were as many nominations as there were vacancies on the board, the nominated persons were automatically appointed directors.

To view the official company announcement, click here.