September 10, 2012
Queenco Leisure International Ltd
("QLI" or the "Company")
Results of General Meeting of Shareholders
Queenco Leisure International Ltd., the emerging markets entertainment center and casino developer and operator, is pleased to announce that it held earlier today an annual and extraordinary general meeting of shareholders (the "Meeting"), and that all resolutions put to shareholders at the Meeting were duly passed, as follows:
1. The following persons were re-appointed to the Company's board of directors
to hold office until the next annual general meeting of shareholders of the
Company and until their successors are duly elected: Yigal Zilkha, Haim
Assayag, Effy Aboudy, Yitchak Shwartz and Ziv Reich.
2. Mr. Yoram Hessel was appointed as a statutory independent director of the
Company for a three-year term. Mr. Hessel retired from a public security
position at the Israeli Prime Minister's Office in February 2003. Mr.
Hessel now holds several managerial and directorate positions. Mr. Hessel's
academic record comprises of a Diploma in International Affairs from
University College, London (1970), a Bachelor of Science Degree in
economics (B.Sc. Econ.Hons) from The London School of Economics and
Political Science, University of London and a Master of Science Degree in
International Relations (M.Sc.) from the same institution.3. Mr. Yoram Hessel's annual and per-meeting remuneration were approved
pursuant to the Israeli Companies Regulations (Rules concerning
Remuneration and Expenses of an Independent Director), 2000.
4. Amendments to the Company's Articles of Association, in the form presented
to the shareholders, following certain amendments to the Israeli Securities
Law, 1968, to the Companies Law and to the Antitrust Law, were approved.
5. The Company's indemnification agreement to be entered into between the
Company and its office holders, in the form presented to the shareholders,
was approved.
6. Brightman, Almagor Zohar, a member of Deloitte Touche Tohmatsu, were
re-appointed as auditors of the Company until the next annual general
meeting of the Company, and the Company's audit committee has been
authorized to fix their remuneration.
For further information please visit www.queenco.com or contact:
Queenco Leisure International Ltd.
Haim Assayag, Executive Chairman of the Board. T: +972 3 7566 555
Tal Taragan, CEO