During the AGM of F. W. Woolworth & Co. (Cyprus) Ltd., dividend payments of 10% were approved, payable to shareholders registered as at 6 July 2001. Shares of the company will therefore trade ex-dividend as of 27 June 2001.
Chairman of the company Mr. Nicos K. Shacolas stated that based on facts to date, the Board anticipates an increase of turnover of the Group for 2001 to over CYP 72 mln compared to CYP 62.2 mln in 2000, an increase of over 15%.
Further, the Chairman announced that an agreement has been reached for the transfer of shares held by the Cyprus Trading Corporation Ltd. of C.W. Artopolis (164.000 shares) to F.W. Woolworth & Co. (Cyprus) Ltd. against their nominal value of CYP 1.00 each. By the transfer, Woolworth’s participation in Artopolis will reach 52.3%. Lambousa Venture Capital Ltd. holds 14.4% and the Demetris Lordos family 33.3%.
During an EGM which preceded the AGM, shareholders approved a resolution authorising the Board to proceed with a buyback scheme in accordance with current legislation.
Chairman of the company Mr. Nicos K. Shacolas stated that based on facts to date, the Board anticipates an increase of turnover of the Group for 2001 to over CYP 72 mln compared to CYP 62.2 mln in 2000, an increase of over 15%.
Further, the Chairman announced that an agreement has been reached for the transfer of shares held by the Cyprus Trading Corporation Ltd. of C.W. Artopolis (164.000 shares) to F.W. Woolworth & Co. (Cyprus) Ltd. against their nominal value of CYP 1.00 each. By the transfer, Woolworth’s participation in Artopolis will reach 52.3%. Lambousa Venture Capital Ltd. holds 14.4% and the Demetris Lordos family 33.3%.
During an EGM which preceded the AGM, shareholders approved a resolution authorising the Board to proceed with a buyback scheme in accordance with current legislation.
Thursday, 21 June, 2001 - 14:06