You are here

Triena to Acquire Own Shares

During the Board meeting of Triena Investments Ltd. held on the 2 April 2001, it was decided to implement decisions of the EGM held on the 29 March 2001, which were as follows:

1. The Board was authorised to acquire either by private agreement or from the stockmarket, shares of the company within a period of 12 months from the approval of the resolution.

2. The maximum number of shares acquired including those already held by the company, not to exceed at any time 10% of the issued share capital of the company or 25% of the average value of transactions traded on the CSE during the 30 days preceding the purchase of such shares, whichever is less.

3. The price of such shares to be at the discretion of the Board but not to exceed 5% of the average market value of shares traded during the five trading sessions preceding such acquisition of shares, without a minimum price for their purchase.

4. The period which such shares are held to be determined by the Board from time to time, as long as it does not exceed two years from acquisition of such shares.
Tuesday, 3 April, 2001 - 00:00