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Triaina: AGM decisions – T. Pitsilides resigned – EGM approved amendment of articles of association and change of name

The Annual General Meeting held on May 19, 2004 at the Company’s office in Nicosia approved the financial statements for the year ended 31.12.2003. The AGM also:

1. Approved the proposed dividend of 0.8 cents per income share for the year 2003. It also decided that the last date that the share will be trading cum dividend will be May 27, 2004 and the record date will be June 2, 2004. The cheques relating to the dividend will be issued on June 10, 2004.

2. Messrs. Titos Pitsilides, Ioannis Petsas and Aristos Papadopoulos have withdrawn from the Board of Directors pursuant to the Company’s Memorandum. The AGM reelected Messrs. Ioannis Petsas and Aristos Papadopoulos. Mr. Titos Pitsilides did not put himself forward for reelection and was not reelected in the Board of Directors.

3. Decided that the remuneration of the Board members in 2004 remains the same as in 2003.

4. Reappointed Delloitte & Touche as auditors and authorized the Board of Directors to set their remuneration for 2003.

Extraordinary General Meeting

The Extraordinary General Meeting held on May 19, 2004 approved the following special resolutions:

1. Amendment of Articles of Association

“That the Company’s Articles of Association be amended with the addition of the following sub-paragraph at the end of paragraph 3”:

““The Company will not provide any “investment service” pursuant to the EPEY Law (No N. 148(I)/2002, as amended from time to time), unless the Securities and Exchange Commission has given the permission to the Company or the provision of the “investment service” is not prohibited by law”.

2. Change of name

“That the Company’s name change from TRIAINA INVESTMENTS LIMITED to TRIAINA INVESTMENTS PUBLIC COMPANY LIMITED”.
Thursday, 20 May, 2004 - 09:48