The ordinary shareholder meeting of TransOceans Tours approved last Saturday the financial statements, as well as the board and auditor’s reports for the fiscal year that ended on 31/12/2011.

Shareholders gave the go-ahead for distributing bonus shares at 1-for-9 for FY11, totaling EGP 6.5 million. Accordingly, the company’s capital will be lifted by 10 million shares at 10 cent par value each.

The board waived all attendance and travel allowances for FY11 and FY12.

Meanwhile, the extraordinary shareholder meeting was postponed due to lack of quorum. A second meeting will be held on Tuesday, July 10, 2012 at 3:00 p.m.