At the meeting held on Wednesday, March 28, 2007, the Board of Directors of Cytrustees Investment Public Company Limited approved the final results for the financial year ended December 31, 2006 (attached) and decided the following:
1. The Annual General Meeting will take place on Wednesday, May 30, 2007 at 6.30 pm at Eurolife House, 4 Evrou, Nicosia.
2. The Board of Directors will propose to the AGM the payment of a dividend of 12 cents per share to all shareholders registered as at June 4, 2007 (cum-dividend). The ex-dividend date will be on June 5, 2007. The dividend will be paid to the shareholders on June 29, 2007 via Bank of Cyprus.
3. The Board of Directors has recommended the Dividend Reinvestment Plan in Company’s shares. The sale price will be 15% lower than the average closing price of the share in the CSE over the first 5 business days that the share will trade ex-dividend, that is, from June 5 to June 11, 2007 with 67 cents as a minimum price (nominal value). The sale price will be announced on June 12, 2007 and the beneficiaries will be able to register or withdraw their participation in the Scheme by June 15, 2007. The Terms and Conditions of the Scheme will be available at the Company’s registered office.
4. The Board of Directors will submit the following special resolution on the Buyback of Own Shares at the Extraordinary General Meeting to take place on Wednesday, May 30, 2007 at 7.00 pm at Eurolife House, 4 Evrou, Nicosia:
“That the Board of Directors be authorized to introduce a Buyback Program for the period of 12 months from the date of approval of the resolution, pursuant to the provisions of the Laws and Regulations of the Republic of Cyprus and the European Union. The Program or Programs may have a specific timetable or not, at the sole discretion of the Board of Directors. The Company will be able to proceed to buyback with the net asset value per share as a maximum price and €1 as a minimum price until a total number corresponding to 10% of its total shares”.
Copies will be available at Investment Manager’s Office, 4 Evrou, Eurolife House, Strovolos, Nicosia.
1. The Annual General Meeting will take place on Wednesday, May 30, 2007 at 6.30 pm at Eurolife House, 4 Evrou, Nicosia.
2. The Board of Directors will propose to the AGM the payment of a dividend of 12 cents per share to all shareholders registered as at June 4, 2007 (cum-dividend). The ex-dividend date will be on June 5, 2007. The dividend will be paid to the shareholders on June 29, 2007 via Bank of Cyprus.
3. The Board of Directors has recommended the Dividend Reinvestment Plan in Company’s shares. The sale price will be 15% lower than the average closing price of the share in the CSE over the first 5 business days that the share will trade ex-dividend, that is, from June 5 to June 11, 2007 with 67 cents as a minimum price (nominal value). The sale price will be announced on June 12, 2007 and the beneficiaries will be able to register or withdraw their participation in the Scheme by June 15, 2007. The Terms and Conditions of the Scheme will be available at the Company’s registered office.
4. The Board of Directors will submit the following special resolution on the Buyback of Own Shares at the Extraordinary General Meeting to take place on Wednesday, May 30, 2007 at 7.00 pm at Eurolife House, 4 Evrou, Nicosia:
“That the Board of Directors be authorized to introduce a Buyback Program for the period of 12 months from the date of approval of the resolution, pursuant to the provisions of the Laws and Regulations of the Republic of Cyprus and the European Union. The Program or Programs may have a specific timetable or not, at the sole discretion of the Board of Directors. The Company will be able to proceed to buyback with the net asset value per share as a maximum price and €1 as a minimum price until a total number corresponding to 10% of its total shares”.
Copies will be available at Investment Manager’s Office, 4 Evrou, Eurolife House, Strovolos, Nicosia.
Thursday, 29 March, 2007 - 11:53