GV Films Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 23, 2006, inter alia, to consider the following subjects:
1. To approve the FCCB issue of Euro 12 Million to Daewoo Securities (Europe) Ltd., in terms of the subscription agreement signed with the Lead Managers.
2. To approve all documents / agreements with regard to the issue of FCCB.