Safs Holdings Public Limited
SAFS HOLDINGS PUBLIC LIMITED
Annual Bulletin 2010-2011
Pursuant to the provisions of Article 17 of the Public Offering and Prospectus Law 2005, we submit all announcements released from May 27, 2010 to February 28, 2011. The announcements are available at the Secretary’s office, 22B Evanthous, 1st floor, Ayios Andreas, Nicosia.
May 27, 2010
SAFS Holdings Public Limited presents the Interim Management Statement 2010, pursuant to Article 11 of Law 190 (I) 2007.
The Interim Management Statement contains information for part of the first half and specifically for period from January 1 to May 25, 2010. The statements of the period above have not been audited by the external auditors of the Company. We believe that this announcement should be read in connection with the rest of this year’s announcements of the Group.
Main activities
The main activities of the Group, which focus on the investment, finance and advisory services, are the same as last year.
Events
The impacts of the global economic crisis and the recent crisis that affected the Greek economy affected inevitably the Cypriot economy too and the CSE, which showed significant price instability with a drop in the investors’ interest for investments in movable securities. As a result, the revenues from financial services declined.
It must be taken into account that it is impossible to predict the whether this trend will continue in 2010 as soon as the results are affected by the CSE, the investors’ interest and price level. The company tries to differentiate is revenue sources with the provision of advisory services in the sector of exports and mergers.
June 2, 2010
SAFS Holdings Public Limited announces that the notification for the Annual General Meeting to take place on June 23, 2010 was posted to the shareholders.
June 4, 2010
We attach the Annual Bulletin for 2008-2009, which has been prepared pursuant to the provisions of Article 17 of the Public Offer and Prospectus Law 2005, N.114 (I)/2005.
June 29, 2010
During the Annual General Meeting held on June 23, 2010 the following decisions were taken:
a) The audited consolidated financial statements of the company for the year ended December 31, 2009 were approved.
b) Mr. Ioannis Athienitis withdrew and was re-elected as Board member.
c) PKF / ATCO Limited were reappointed as auditors of the company and the Board of Directors was authorized to set their remuneration.
June 30, 2010
Pursuant to the CSE and SEC Regulations and in order to fully inform the shareholders and the investing public in general, SAFS HOLDINGS PUBLIC LIMITED announces that the results for the six months ending June 30, 2010 are expected to show losses and will be lower than those of the corresponding period of 2009, when the Company generated profit of €9546.
As it was announced in the interim management statement dated 17/5/2010, the recent crisis that affected the Greek economy affected inevitably the Cypriot economy and the CSE too, which showed significant price instability and a lower investors’ interest. As a result of this decline, the revenues stemming from the provision of financial services and the transfer of stock exchange orders fell compared to the corresponding period of 2009.
July 28, 2010
The Board of Directors announces that it will meet on Tuesday, August 31, 2010 to examine the preliminary results for the six months ended June 30, 2010.
August 31, 2010
At the meeting held on August 31, 2010, the Board of Directors examined and approved the consolidated financial statements for the six months ended June 30, 2010.
The results are attached. The results will not be posted to the shareholders but together with the interim management statement will be published in newspaper “Alithia” on Tuesday, September 3, 2010.
Copies will be available free of charge at the Secretary’s office, 22B Evanthous, Nicosia (tel. 22 775 000).
September 3, 2010
The Board of Directors announces that due to a wrong newspaper planning, the consolidated profit and loss account and the interim management statement for the six months ended June 30, 2010 will be published in newspaper “Alithia” on Saturday, September 4, 2010.
November 24, 2010
SAFS Holdings Public Limited presents the Interim Management Statement 2010, pursuant to Article 11 of Law 190 (I) 2007. The Interim Management Statement contains information for part of the second half and specifically for period from July 1 to November 22, 2010. The statements of the period above have not been audited by the external auditors of the Company. We believe that this announcement should be read in connection with the rest of this year’s announcements of the Group.
Main activities
The main activities of the Group, which focus on the investment, finance and advisory services, are the same as last year. The Management is examining possible cooperation with strategic investors in order to secure capital that will be used for the increase in the working capital and will provide significant margin from th current level of the index.
Events
The instability in the global markets as a result of the crisis in the government bonds of the euro area member states (in Greece mostly) affected inevitably the course of the stock markets in Cyprus and Greece, which are the main source of our income. As a result, our revenues will be significantly lower than those of 2009.
It must be taken into account that it is impossible to predict the whether this trend will continue in 2010 as soon as the results are affected by the CSE, the investors’ interest and price level.
February 14, 2011
The Board of Directors announces that it will meet on Wednesday, February 25, 2011 to examine and approve the indicative results for 2010.
February 28, 2011
At the meeting held on Friday, February 25, 2011, the Board of Directors of SAFS Holdings Public Limited approved the indicative results for the financial year ended December 31, 2010.
The results together with the explanatory report will not be posted to the shareholders but will be published in newspaper “Alithia” on Tuesday, March 1, 2011.
Copies will be available at the Company’s registered office, 21 Demostheni Severi Avenue, Anna Court, 3rd floor, Nicosia (tel. 22552100).
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