We wish to announce that CYTRUSTEES INVESTMENT PUBLIC COMPANY LTD will possibly adopt the resolution for the buyback of own shares, which had been approved at the Extraordinary General Meeting held on Wednesday, June 15, 2005:
“That the Board of Directors be authorized to proceed to buyback of own shares, pursuant to the provisions of the Companies’ Law No 2 of 2000. The minimum and maximum acquisition price of shares will not exceed 5% of the average market value of shares over the last five trading sessions prior to such a purchase. The Company will be able to acquire the maximum number of shares provided by the Law over the period of 12 months following endorsement of the said resolution. Shares can be acquired either by private agreement or by the purchase. Shares acquired to be held for a maximum of two years”.
“That the Board of Directors be authorized to proceed to buyback of own shares, pursuant to the provisions of the Companies’ Law No 2 of 2000. The minimum and maximum acquisition price of shares will not exceed 5% of the average market value of shares over the last five trading sessions prior to such a purchase. The Company will be able to acquire the maximum number of shares provided by the Law over the period of 12 months following endorsement of the said resolution. Shares can be acquired either by private agreement or by the purchase. Shares acquired to be held for a maximum of two years”.
Friday, 18 November, 2005 - 10:31