The tenth Annual General Meeting of GO plc details released
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Malta’s quad-play telecoms provider GO plc held its tenth Annual General Meeting (AGM) last week at the Hilton Conference Centre. The Meeting approved the company’s Annual Report and Financial Statements for the year ended 31st December 2007, as well as the payment of the shareholders’ dividend.
The results show that the group maintained both its turnover and profit levels in 2007. Last year’s turnover amounted to €131.8 million, compared to the €129.3 million of the previous year. The group’s profit before tax was €27.7 million (in 2006: €27.9 million). The AGM approved the payment of a net dividend of €0.11c65 equivalent to Lm0.05c0 (2006 – Lm0.05c0) net of taxation per share to all shareholders of GO plc registered in the shareholders’ register as at Friday 14 March 2008.
Total dividend distributions amount to €0.15c14 or Lm0.06c5 (2006: Lm0.06c5) net of taxation per share. The AGM approved also the reappointment of KPMG Certified Public Accountants as GO plc’s auditors, as well as the emoluments of the board directors.
Meanwhile Mr John Ellul Vincenti, the Noble Paul Testaferrata Moroni Viani and Mr Michael Warrington were re-appointed directors. The other directors are Mr Sonny Portelli (Chairman), Mr James Kinsella, Mr Ahmed Mahjoub, Mr Deepak Srinvas Padmanabham and Mr Osman Sultan.
The AGM was addressed by Chairman Sonny Portelli and Chief Executive Officer David Kay.
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