Published: June 23, 2014
The shareholders present at the Annual General Meeting of 6PM Holdings Ltd held on Thursday June 19 approved the payment of a net dividend of GBP0.02 per Ordinary Share as well as a bonus share issue of 1 share for every 25 ordinary shares held on May 20, 2014.
The Chairman Nazzareno Vassallo said that the 6PM shares together with those of another company listed in the Malta Stock Exchange were the only ones that registered an increase in their value so far this year. As on Thursday June 19 the price of the 6PM shares traded at the Malta Stock Exchange was GBP0.75.
During the meeting Ivan Bartolo, 6PM’s Chief Executive Officer, gave an overview of the 2013 financial results and the achievements made to date during this year. He said that the performance of the Group so far is better than that last year. 6PM is continuing to invest in the development of its product iFIT and has just entered into an agreement with Javali LLC to enter the US market. He also announced that 6PM will be increasing its shareholding in emCare to 50%. The Return on Investment for the shareholders who had bought 6PM shares when the IPO was made in 2007 was 27%. For the shareholders who bought additional shares in the rights issue in 2011 the ROI was 101%. For those investors who only bought 6PM shares when the rights issue was carried out in 2011 their ROI was 240%.
At the end of the meeting the shareholders voted for the members of the Board of Directors for the coming year. The directors elected were Nazzareno Vassallo, Ivan Bartolo, Steve Wightman, Brian Zarb Adami, Hector Spiteri and Robert Borg.