TIE today published its annual report over the financial year 2012. Over 2012, Total Income amounts to € 12,494k (2011: € 10,671k) up 17%, Operating Result amounts to € 622k (2011: €597) up 4% and Net Income amounts to € 562k (2011: € 383k) up 70%.
TIE also convenes its Annual General Meeting of Shareholders to be held Wednesday 13 March 2013. The proposals put to the shareholders include a share consolidation combined with a capital reduction by redenomination without repayment, which consolidates 100 shares with a nominal value of EUR 0.10 each to one new share with a nominal value of EUR 7.00. It is furthermore proposed that the company changes its name to TIE Kinetix N.V.
If approved by the shareholders meeting, the share consolidation and redenomination shall become effective by means of an amendment of the company's articles of association on Friday 15 March 2013 after trading on NYSE Euronext Amsterdam has closed.
The last trading day of TIE shares with the current nominal value of EUR 0.10 will be Friday 15 March 2013. Trading of the consolidated shares with a nominal value of EUR 7.00 each will start on Monday 18 March 2013. As of Monday 18 March 2013, the ISIN Code for TIE shares shall be NL0010389508. The Euronext symbol TIE remains unchanged.
Shareholders are not required to take any action in relation to the share consolidation. The share consolidation will be processed in the usual manner by the bank or broker where a shareholder has registered its shares. This means inter alia that were fractions of shares remain after the share consolidation, 50 fractions or more will be rounded upwards to one >>
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