SOURCE: EuroTrust A/S

May 02, 2006 03:03 ET

EuroTrust Announces Agenda for the 2005 Annual General Shareholders Meeting

COPENHAGEN, DENMARK -- (MARKET WIRE) -- May 2, 2006 -- EuroTrust A/S (NASDAQ: EUROD) today announced the agenda for its 2005 Annual General Meeting of Shareholders which is scheduled to be held on Wednesday, May 24, 2006, at 4:00 p.m. Denmark time, at The Front Hotel, Sankt Annae, Plads 21, DK 1250 Copenhagen, Denmark, for all shareholders of record on April 27, 2006.

The agenda for the meeting will be as follows:

--  Election of Chairman of the Meeting;
    
--  Presentation of the Board of Directors' verbal report on the
    activities of the Company during the preceding year;
    
--  Presentation of the financial statements, including the auditor's
    report, together with a resolution for their adoption;
    
--  Resolution regarding appropriation of profit or covering of any loss,
    as the case may be, in accordance with the approved accounts;
    
--  Election of board members for the ensuing year;
    
--  Election of accountants;
    
--  Proposal by the Board of directors to change the fiscal year of the
    Company from a calendar year to the period beginning on July 1 and ending
    on June 30, such change to be implemented as of January 1, 2006 so that the
    next accounting period of the Company shall begin on January 1, 2006 and
    end on June 30, 2006 and the subsequent accounting period of the Company
    shall begin on July 1, 2006 and end on June 30, 2007.
    
--  Proposal by the Board of Directors to amend the Company's Articles of
    Association to increase, from time to time until May 24, 2011, the number
    of the Company's Ordinary Shares, par value DKK 7.50 authorized for
    issuance by up to 10 million shares, without any pre-emptive rights for the
    Company's existing stockholders.
    
--  Proposal to reduce the capital stock of the Company from DKK
    214,445,693.75 by DKK 53.75 to DKK 214,445,640.00 pursuant to the Companies
    Act section 44a, sub-section 1, no. 2, thus the amount which shall be paid
    to the owners of the reduced capital corresponds to the current market
    value for the stock of the Company (as quoted on the Nasdaq National
    Market); and simultaneously to increase the capital stock of the Company
    from DKK 214,445,640.00 by DKK 60.00 to DKK 214,445,700.00 by an investor
    appointed by the Company, without any pre-emptive rights for the Company's
    existing stockholders, thus the amount of the increased capital corresponds
    to the current market value for the stock of the Company (as quoted on the
    Nasdaq National Market).
    
--  Proposal by the Board of Directors to renew its discretionary
    authority to buy back the Company's ordinary shares, from time to time, up
    to an aggregate of 10 percent of the outstanding ordinary shares as of the
    date of the Meeting, at a buyback price determined by the Board in the
    range of 10 percent below to 10 percent above the then-current fair market
    value of the Company's American Depositary Shares, such authorization to
    continue until the next annual shareholders meeting.
    
--  Proposal for adoption of a secondary name.
    
--  Other miscellaneous business.
    

The meeting agenda will be available for inspection by the shareholders at the company offices, or at www.eurotrust.dk, one week prior to the meeting.

More information about EuroTrust and its subsidiaries is available at www.eurotrust.dk.

Contact Information

  • EuroTrust Contact:
    Aldo Petersen
    EuroTrust
    +45 3954 0000
    Email Contact