OREANDA-NEWS. United Development Company (UDC) announces the results of the Ordinary General Assembly Meetings held on 9 March, 2015, and has approved the following:

1) Hear and ratify the Board of Directors’ report of the Company’s performance and its financial position for the fiscal year ending December 31, 2014.

2) Hear and ratify the Auditor’s report for the fiscal year ending December 31, 2014.

3) Discuss and ratify the Company’s Balance Sheet and the Profit and Loss Accounts for the fiscal year ending December 31. 2014, as well as the recommendations of the Board of Directors regarding dividends.

4) Discharge members of the Board of Directors from liability for the fiscal year ending December 31, 2014, and approve their remuneration.

5) Governance report for the year 2014.