COMPLETION OF THE SHARE CAPITAL INCREASE AND DISPATCH OF LETTERS REGARDING THE GRANTING OF SHARES

Following its previous announcement of 30 May 2018, Cosmos Insurance Public Company Limited (the "Company") announces that the increase of its share capital was completed on 7 June 2018 with the completion of the procedure of disposal of the shares corresponding to Preemption Rights not exercised by the Preemption Rights Beneficiaries during the Exercise Period ("Undisposed Shares").

Out of the 21.21 million Undisposed Shares, it has been decided to dispose 15.26 million shares to investors who have expressed an interest in acquiring Undisposed Shares.

It is noted that the coverage ratio from the disposal of Undisposed Shares rose to 71.9%.

It is also noted that the letters regarding the granting of the new shares were mailed to the beneficiary shareholders on 7 June 2018.

The date of listing and commencement of trading of the new shares on the Cyprus Stock Exchange ("CSE") will be announced in due time and once all the relevant approvals have been obtained by the CSE in accordance with the legislation, the regulations and the regulatory decisions in force at the time.


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For the full announcement click here 

For the Supplementary Prospectus click here

 


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Notice is given that the Annual General Meeting of Cosmos Insurance Public Company Ltd will be held on Wednesday, 27 June 2018 at 4:00 p.m. at the Company's Head Office, 4th Floor, 46, Griva Digeni Avenue, 1080 Nicosia.

Agenda

1. Examination of the Directors' Report and the Auditors' Report and approval of the audited consolidated financial statements of the group and of the audited financial statements of the parent company for the year ended 31 December 2017.

2. Election of members of the Board of Directors in replacement of the members resigning by rotation.

3. Fixing of the remuneration of the members of the Board of Directors and approval of the Company's remuneration policy.

4. Appointment of Auditors and authorisation of the Board of Directors to fix their remuneration.

The Annual Report will not be sent to the Company's Shareholders but copies of the full text are available free of charge to all interested parties in printed or electronic form at the Company's registered office, 46, Griva Digeni Avenue, 1080 Nicosia. In addition, its full text is posted on the Company's website (www.cosmosinsurance.com.cy). A satisfactory number of copies of the Annual Report will be available on the day of the Annual General Meeting at the place of the meeting for those who will attend the meeting.

By order of the Board of Directors,

Adamos Konias

Secretary

The full Invitation and Proxy form can be found by clicking here

 


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You can access the Company's prospectus for the upcoming Rights Issuing by clicking HERE


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