GMFA Global Mena

 

TIDMGMFA 
 
RNS Number : 3891Y 
Global MENA Financial Assets Ltd 
02 September 2009 
 
2 September 2009 
 
 
Global MENA Financial Assets Limited 
 
 
AGM Statement 
 
 
The following is the text of a statement which will be made by the Chairman at 
the commencement of the AGM today. 
 
 
"It is understood by certain Independent Directors of the Company (comprising 
Richard Bernays, John Hawkins and Terence Allen, together the "Outgoing 
Directors") that a significant majority of the Company's shareholders, including 
Global Investment House K.S.C.C., indicated by the return of their proxies that 
they wish to vote against the re-election of the Outgoing Directors at the 
Company's AGM to be held today. 
 
 
The Outgoing Directors have sought re-election at the AGM to continue to help 
the Company out of the difficult issues that the Company has faced as a listed 
company and the well publicised issues that it has had in the period up to the 
AGM to be held today. 
 
 
Shareholders will be aware that the Board have been reviewing the options to 
address the discount to the net asset value at which the shares have traded. 
 
 
The Outgoing Directors regret that they will not be able to complete the tasks 
ahead as detailed in the Company's annual report and audited consolidated 
financial statements for the year ended 31 March 2009. We have been assured that 
the new Independent Directors will continue with these important tasks." 
 
 
For information please contact: 
 
 
Alison Bilham     +44 (0)1481 707 213 
HSBC Security Services (Guernsey) Limited 
 
 
 
 
END 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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