Management Reports • Nov 19, 2012
Management Reports
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At the meeting held on November 19, 2012, the Board of Directors of Aiantas Investments Public Ltd, decided to change the address of its registered office. The new address is:
Larnaca
The Board of Directors examined and approved the Interim Management Statement pursuant to article 11 of the Transparency Requirements Law 190 (I) 2007.
The Company showed loss. Its assets as at October 31, 2012 stood at €17.096.103 while its portfolio in titles stood at €5.620.724.
The net asset value per share as at October 31, 2012 stood at €0,188 compared to €0,1767 as at June 30, 2012. According to its net asset value, there was a positive yield in the Company.
There were no other revenues, profits or losses from non-recurrent activities except for the main activities of the Company.
The condition of the Cyprus economy is characterized as underperformance. The recession in Cyprus deepens and all indices shrink. The condition of the Cyprus economy, due to the ongoing recession, is characterized by stagnation and lack of dynamic. The result is that almost all indices have shrunk. The prospects are not favorable and we expect low growth rates for the next years. This is expected to have negative impact on the Cyprus capital market and the Company's results.
There are no other significant developments or deals affecting the Company's financial condition.
Anteva Secretarial Services Ltd Secretary.
19/11/2012
Cc: Cyprus Securities and Exchange Commission.
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