Restrictive measures of the Council of the European Union and other sanctions against Russia in response to the crisis in Ukraine / War in Ukraine – Economic consequences / risks and uncertainties
Toxotis Investments Public Ltd (the “Company”) would like to inform investors that, in the current circumstances, the Company does not anticipate any direct negative economic consequences from the war in Ukraine and the recent sanctions and restrictive measures against Russia.
It is noted that the Company’s assets consist of immovable property, loans receivable and an investment in another public company. As things currently stand, they are not expected to be affected by the above developments.
The Company’s Board of Directors is monitoring developments and will keep investors informed should any substantial changes arise.
Meeting of the Board of Directors of TOXOTIS INVESTMENTS PUBLIC LTD on 18 March 2022 to examine and approve the Annual Financial Report for the financial year 2020 and the HalfYearly Financial Report for the first half of 2021, and other related matters.
TOXOTIS INVESTMENTS PUBLIC LTD (the “Company”) wishes to announce that its Board of Directors will meet on Friday, 18 March 2022 to transact, inter alia, the following business: 1. Examine and approve the Annual Financial Report, which includes the Company’s final audited financial statements, as well as the final consolidated and audited financial statements of the Company’s Group for the financial year ended 31 December 2020, and 2. Examine and approve the Company’s Half-Yearly Financial Report, which includes the interim financial statements, as well as the half-yearly, consolidated, unaudited accounts of the Company’s Group for the half-yearly period ended 30 June 2021.
Lifting of the suspension of trading of the titles of Toxotis Investments Public Ltd (Regulated Market)
Following previous announcements concerning the company Toxotis Investments Public Ltd, the Cyprus Stock Exchange announces the lifting of the suspension of trading of the company’s titles as of today, Monday, 21 March 2022, as the reasons for the suspension no longer apply. More specifically, the company has submitted and published the pending financial information, i.e. its Annual Financial Report for the year ended 31/12/2020 as well as its Half-Yearly Financial Report for the period ended 30/6/2021.
Re: Upcoming change in the composition of the Company's Audit Committee
TOXOTIS INVESTMENTS PUBLIC COMPANY LTD (the "Company", the "Issuer") announces the upcoming change in the composition of the Audit Committee, established under the relevant provisions of the Auditors Law of 2017.
More specifically, the members of the Audit Committee Mr. Michael Tymvios and Mr. Charalambos Assiotis have notified the Company of their resignation from the Company's Audit Committee.
The reasons for the resignation of the two aforesaid members pertain to the recent development of important relations between them through their involvement in other companies. As a result, had they remained members of the Company's Audit Committee the criterion of independence of the members of the Audit Committee in accordance with the legislation in force would not have been satisfied.
The Company will take all necessary actions to fill these positions the soonest and investors will be informed in due course.
Re: Approval and publication of the Half-Yearly Financial Report of TOXOTIS Group concerning the first half of 2020 (unaudited results)
Further to the Company's announcement dated 29 September 2020, we would like to note that due to an error in the title of the text published on 30 September 2020 in Alithia newspaper relating to the Condensed interim consolidated statement of comprehensive income for the period from 1 January until 30 June 2020 and the Interim Management Report, it will be published again in the same newspaper on 1 October 2020.
The Company's Board of Directors will meet on 29 September 2020 to examine, inter alia, the Half-Yearly Financial Report of the Company, which includes the interim financial statements together with the half-yearly unaudited accounts of Toxotis Group for the half-year ended 30 June 2020.