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Annual General Meeting of the shareholders of Alkis H.Hadjikyriacos (Frou Frou Biscuits) Public Ltd

2016-05-27

 

Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd.

ANNOUNCEMENT

Dear Sirs,

The Annual General Meeting of the shareholders of Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd was held on 27 May 2016. The Annual General Meeting:

1. Approved the Annual Directors’ Report and the Financial Statements of the Group for the year ended 31 December 2015.

2. Approved the proposal of the Board of Directors for the payment of a dividend for 2015 of €988.607 (2014: €958.949) which corresponds to €0.01 cent per share (2014: €0.0097 cent) or 3.85% (2014: 3.7%) on the nominal value of the Company’s share capital which corresponds to a 3.1% increase on the 2014 dividend. The proposed dividend corresponds to a dividend yield of 3.8% on the average closing price of the share of €0.266 as at 31 December 2015.

Beneficiaries of the dividend will be the shareholders who were registered in the records of the Cyprus Stock Exchange on 6 June 2016 (record date). The ex-dividend date will be 3 June 2016. The dividend will be paid and posted to the shareholders by 17 June 2016 (payment date) and the exact date will be announced.

3. Board Members, Messrs. Charis M. Hadjikyriacos, Alkis H. Hadjikyriacos, Charis M.A. Hadjikyriacos, Costas G. Eliades, Chrysis Christopoulos and Christodoulos Christodoulou retired and were re-elected.

4. Approved the remuneration of the Board Members, which will be the same as that of 2013.

5. Approved the reappointment of KPMG as auditors and authorized the Board of Directors to set their remuneration.

Yours,

For Alkis H. Hadjikyriacos

(Frou Frou Biscuits) Public Ltd.

Annual Report 2015

2016-05-31

Οικονομικά αποτελέσματα για το έτος 2015

Ετήσια Αποτελέσματα για το έτος 2015

Extraordinary Meeting of the Board of Directors of the Group to decide upon the calling of an Extraordinary General Meeting of Rolandos Enterprises Public Ltd

2016-05-25

ANNOUNCEMENT

We wish to announce that the Board of Directors of Alkis H. Hadjikyriakos (Frou Frou Biscuits) Public Ltd will hold an extraordinary meeting on Wednesday, 8 June 2016 at 08:00 a.m. to examine and decide upon the Company's actions against Rolandos Enterprises Public Ltd.

Alkis H. Hadjikyriakos (Frou Frou Biscuits) Public Ltd as well as its subsidiary Frou Frou Investments, as shareholders controlling and holding over 10% of the share capital in Rolandos Enterprises Public Ltd, has requested the submission to the forthcoming Annual General Meeting of the shareholders of Rolandos Enterprises Public Ltd of three resolutions regarding the amount of the remuneration and bonuses of the members of the Board of Directors (and family members of Rolandos Loizou). The majority shareholder as well as the members of the Board of Directors of Rolandos Enterprises Public Ltd, have not included in the AGM agenda the said resolutions, rejecting in this way the request submitted by the minority shareholders.

 

Interim Management Statement - first four months of 2016

2016-05-13

The Company presents the First Interim Management Statement of 2016 prepared in accordance with

Article 11 of the Transparency Requirements (Securities Admitted to Trading on a Regulated Market)

Law of 2007 (L. 190 (I) of 2007). The report is based on the financial results of the first four months of

2015 and the economic indications of the period until 13 May 2016. Neither the financial results nor the

indications have been audited by the Company’ auditors.

MAIN ACTIVITIES

Throughout the first four months of 2016, the Group pursued the same activities as in 2015.

GENERAL OVERVIEW OF THE GROUP’S FINANCIAL SITUATION

As announced on 19 February 2016, the Board of Directors will propose to the Annual General Meeting

of the shareholders the payment of dividend of €988,607 (2014: €958,949), which corresponds to €0.01

cent per share (2014: €0.0097 cent) or 3.85% (2014: 3.7%) of the nominal value of the Company’s share

capital, which corresponds to an increase in dividend of 3.1% compared to 2014. The proposed dividend

corresponds to a dividend yield of 3.8% on the average closing price of the share at €0.266 on 31

December 2015. This is the 14th consecutive year in which the Company pays increased dividend.

Compared to 2015, the Group is expected to record decreased results due to negative market

conditions. To date, the turnover is decreased by 4% with a corresponding decrease in profitability.

MAIN RISKS AND UNCERTAINTIES

The main risks and uncertainties faced by the Group have remained as described in the Company’s

Annual Report for 2015.

MATERIAL EVENTS AND TRANSACTIONS

Beyond the usual business of the Group, there have been no material events and transactions affecting

the financial situation of the company and its Subsidiaries.

TRANSACTIONS OF ASSOCIATED PERSONS

There have been no transactions of associated persons beyond the existing employment contracts of

the Executive Directors.

AIMS AND PROSPECTS

The Management will strengthen its efforts to reverse the negative results to date.

For ALKIS H. HADJIKKYRIAKOS

(FROU FROU BISCUITS) PUBLIC LTD

Andreas Theocarides

CFO

Invitation to General Meeting and Proxy form posted to the shareholders of Alkis H.Hadjikyriacos (Frou Frou Biscuits) Public Ltd

2016-05-05

We wish to inform you that on 5 May 2016, the Notice to the Annual General Meeting, to be held on Friday, 27 May 2016, at 5.30 p.m., at the registered office of the Company, 115 Gregori Afxentiou Ave., 2660 Kokkinotrimithia, Nicosia, together with the Proxy form, were posted to all the registered shareholders of ALKIS H. HADJIKYRIACOS (FROU FROU BISCUITS) PUBLIC LTD.

The Invitation and the Proxy form have also been posted on the Company's website www.froufrou.com.cy under Financial Information. The Post Office receipt is attached herewith.

Andreas Theocharides

CFO