Infinity Bio-Energy Ltd. ('Infinity' or the 'Company') Announcement of the Results of the 2008 AGM
Posted on: Friday, 27 June 2008, 03:02 CDT
SAO PAULO, Brazil, June 27 /PRNewswire-FirstCall/ -- Infinity Bio-Energy Ltd. (AIM: IBI.L) announces that all resolutions proposed at the 2008 Annual General Meeting of the Company, held on Wednesday, June 25, 2008 were duly passed by an absolute majority of the votes cast.
Infinity Bio-Energy Ltd.'s higher standards of corporate governance and investor protection approved at this AGM by more than 79% of all shareholders demonstrate the Company's commitment and its shareholders' support towards the continuous development of our governance practices.
A number of the amendments to the Company's Bye-Laws will be effective upon and subject to consummation of the announced offer of the Brazilian Depositary Receipts (BDRs), which is currently under review by the Brazilian Securities Commission ("CVM").
About Infinity Bio-Energy
Infinity Bio-Energy Ltd. is a renewable energy company currently focused in the Brazilian market that aims to become a global leader in the production and distribution of ethanol and other renewable fuels. The Company's production is based on sugarcane, a competitive feedstock for ethanol, sugar and energy because of its low production cost and high energy efficiency ratio relative to other ethanol sources, such as corn and sugarbeets. In order to address the growing demand for clean and renewable fuels, Infinity is committed to producing the most technically and environmentally efficient ethanol. The Company is focused on the acquisition, construction and operation of sugar and ethanol production facilities primarily in Brazil. To learn more, visit the Infinity Bio-Energy website at http://www.infinitybio.com.br/ .
For further information, please contact: Infinity Bio-Energy Sergio Thompson-Flores, CEO +55 11 3525-9922 Rodrigo Aguiar, Investor Relations Officer +55 11 3525-9922 Collins Stewart Europe Limited Adrian Hadden / Adam Cowen +44 (0) 20 7523 8350
Infinity Bio-Energy Ltd.
CONTACT: Sergio Thompson-Flores, CEO, +011-55-11-3525-9922, or RodrigoAguiar, Investor Relations Officer, +011-55-11-3525-9922; or Adrian Hadden orAdam Cowen, +44-(0)-20-7523-8350, both of Collins Stewart Europe Limited forInfinity Bio-Energy
Web site: http://www.infinitybio.com.br/
Source: PRNewswire-FirstCall
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