Results of Shareholders meeting held on 30 April
A shareholders Meeting of Stodir was held on 30 April 2009. Shareholders representing 78,58% of the Company's share capital were present during the meeting. All the following proposals of the Board of Directors to the Company's Shareholders’ Meeting were accepted:
1. Restructure of the Company’s finances.
Proposal that the Shareholders Meeting resolves that the Management of Stodir will be authorized to continue with
the reorganization of the Company in accordance with a presented plan.
The proposal was approved.
2. Proposals to amend the Company’s Articles of Associations:
a. Proposal to change the name of the Company to Stoðir hf.
The proposal includes amendments to Article 1 of the Company‘s Articles of Association.
b. Proposal to change the address of the Company.
The proposal includes amendments to Article 2 of the Company‘s Articles of Association.
c. Proposal to fully reduce share capital and increasing again to the minimum of ISK 4,000,000,00.
The proposal includes amendments to Article 4 of the Company‘s Articles of Association.
d. Proposal to cancel the authority of the Board of Directors to issue new shares.
The proposal includes amendments Article 4 of the Company‘s Articles of Association.
e. Proposal to amend the method to call shareholder’s meetings.
The proposal includes amendments Article 8 of the Company‘s Articles of Associations,
subchapter “Calling a meeting”
f. Proposal that the Annual General Meeting shall be held before the end of August every year.
The proposal includes amendments Article 9 of the Company‘s Articles of Association
g. Proposal to amend the Articles of Associations so that chapters and subparagraphs will be numbered.
All the above proposals were approved.