CWCO

Business Context and Reporting Period

Company: Consolidated Water Co. Ltd.
Filing Type: Form 8-K (Current Report)
Date of Event: January 8, 2009
Reporting Period: Single event date (January 8, 2009)

The Company convened a shareholders meeting to seek approval for an amendment to its Articles of Association. The proposed amendment aimed to grant the Board of Directors the authority to authorize a share buy-back program in the future without requiring further shareholder approval.

Key Financial Metrics

This filing is a Current Report regarding a corporate governance event. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.

Material Changes

Shareholder Vote Outcome: The proposal to amend the Articles of Association was not adopted.
Voting Results:

• For: 4,064,547 shares
• Against: 2,935,052 shares

Reason for Failure: Although the proposal received a majority of votes cast, it failed to meet the 75% supermajority threshold required by the Company's Articles for such amendments.

Guidance, Outlook, and Risks

Management Commentary: The filing notes that under the current Articles, the Company is prohibited from repurchasing previously issued shares without specific shareholder approval. The failure of this proposal means the Board retains no new authority to initiate buy-backs without future shareholder votes.
Risks and Contingencies: The filing does not disclose new financial risks or contingencies beyond the immediate result of the shareholder vote.

Key Facts for Investor Verification

• The Company's Articles of Association remain unchanged regarding share repurchases.
• Any future share buy-back program will still require explicit shareholder approval.
• The vote failed despite receiving more "For" votes than "Against" votes due to the 75% supermajority requirement.
• No financial performance data is provided in this specific filing.