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Panayides proceeds to the purchase of Pharmakas shares

The Board of Directors of Pharmakas Quarries Ltd would like to announce that A. Panayides Contracting Limited has proceeded to the acquisition of 1,075,000 shares from our Company of nominal value 10 cents each. These shares have not been listed on the floor yet, as the CSE Council has required the submission of a Prospectus.

With the aforementioned buyback the number of shares possessed by Panayides Contracting Limited to our Company reached 5,760,679 shares of nominal value 10 cents each and represents 19.24% of Company’s total issued capital.
Friday, 29 November, 2002 - 10:14