Serbia’s largest dairy, Imlek, has scheduled an extraordinary general meeting for 12 October 2009. Shareholders will approve the firm’s annual consolidated financial statements for 2008 and an external audit report for 2008. According to the invitation published in yesterday's press, the record date for the assembly was set at 21 September 2009. Participation at the shareholders’ meeting requires a minimum of 25,000 shares.
We expect the news to have a neutral trading impact. The company has made consolidated financial statements available to the National Bank of Serbia although consolidated figures have not been disclosed to the Belgrade Stock Exchange. Imlek is not very transparent and is not open to broad investor participation.