Jelmoli Shareholders Approve the Strategic Plan
- Formation of two focused, separately listed entities - a Real Estate and an Investment Company
- Removal of dual type share structure in the Real Estate Company ("Einheitsaktie")
- Reverse premium to Pelham for ceding direct in the Real Estate Company
- Partial cash exit option for shareholders in the Investment Company
- Strategic later of the two independent companies enhanced
- Trading in both companies' shares expected to commence in March 2009
At an extraordinary conclave held today, shareholders in Jemoli Holding Ltd ("Jelmoli") approved the Board's proposals for the strategic future of the Ensemble. These proposals promulgated (i) the creation of two independent entities, i.e. an real estate company (Jelmoli) and an investment train (Athris), by way of a tax neutral distribution of Athris shares to Jelmoli shareholders, (ii) the removal of the dual class piece structure in the proposed Real Estate Company (Jelmoli), (iii) a premium to Pelham Investments S.A. ("Pelham") in contrive of subscription rights for ceding control in the Real Estate Company (Jelmoli), and (iv) a cash exit chance for shareholders in the investment company (Athris) by way of buy-back program of Athris.
182 shareholders attended today's Extraordinary Across the board Meeting. They represented 68.0 percent of the company's share capital and 83.9 percent of votes. All four agenda items, (i) sharing of Athris shares, (ii) share unification at Jelmoli, (iii) authorized capital for the distribution of the reverse premium to Pelham and (iv) consultative uphold on the buyback program at Athris have been approved...











Facts and Communications Permanent Secretary Dr Bitange Ndemo could not say how much PCK requires, but the corporation's strategic plan for 2008-2012 and more »

![M4442 Parish of Cessnock Maps [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_0.jpg)
![M4441 Parish of Teralba Map [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_1.jpg)
![M4439 Parish of Pokolbin Map [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_2.jpg)
![M4437 Parish of Teralba Map [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_3.jpg)
![M4438 Parish of Teralba Map [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_4.jpg)
![M4440 Parish of Teralba Map [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_5.jpg)
![M4443 Parish of Pokolbin Maps [c.1920's]](/_cache/Management procurement systems/img/strategic_plan_6.jpg)







