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Triaina considers buying own shares

The Board of Triaina Investments Ltd. during its board meeting of the 22 February 2001 decided to call an Extraordinary General Meeting for the 29 March 2001 to seek authorisation for the Board of the company to acquire own shares in accordance with the Companies Law (Amendment) No.2 2000.

The minimum and maximum acquisition price of shares of the company not to exceed 5% of the average market price of shares of the company over the last five trading sessions of the CSE prior to such acquisition. The company to acquire up to the maximum number of shares in accordance with the law within a 12 month period from the date of such decision by the EGM. Shares can be acquired either by private agreement or from the stockmarket and the company to hold such shares for a period not exceeding two years from their acquisition.

The Board notes that the current trading price of shares of the company is lower than its net asset value.
Friday, 23 February, 2001 - 00:00