It is announced that the Annual Report and financial statements for the year 2003 together with the invitation for the Annual General Meeting have been posted to the shareholders on 23/04/2004. The AGM, which will take place on Thursday, June 3, 2004 at 7.00 pm at the Hilton Hotel in Nicosia, will also deal with the following special resolutions:
1. Examination and approval of the following special resolution:
SPECIAL RESOLUTION
“That the Company change its name to ‘Logicom Public Limited’.
2. Examination and approval of the following special resolution:
SPECIAL RESOLUTION
“That the Board of Directors be authorized to proceed to buyback of own shares within the period of twelve months from the date of this resolution on the following conditions”:
1. The buyback of own shares be carried out either by private agreement or from the stock market with the disposal of realized non-disbursed profits or pursuant to the legislation.
2. The total nominal value of shares acquired, including shares already held by the company or by third parties on its behalf, will not exceed 10% of the issued share capital or 25% of the average value of transactions carried out over the 30 days prior to such a purchase, whichever is the least.
3. Shares acquired to be held for a maximum of two years.
4. The maximum acquisition price of shares will not exceed 5% of the average market value of shares over the five trading sessions prior to such acquisition, without a minimum acquisition price.
5. The relevant provisions of the CSE Laws and Regulations will be applicable.
1. Examination and approval of the following special resolution:
SPECIAL RESOLUTION
“That the Company change its name to ‘Logicom Public Limited’.
2. Examination and approval of the following special resolution:
SPECIAL RESOLUTION
“That the Board of Directors be authorized to proceed to buyback of own shares within the period of twelve months from the date of this resolution on the following conditions”:
1. The buyback of own shares be carried out either by private agreement or from the stock market with the disposal of realized non-disbursed profits or pursuant to the legislation.
2. The total nominal value of shares acquired, including shares already held by the company or by third parties on its behalf, will not exceed 10% of the issued share capital or 25% of the average value of transactions carried out over the 30 days prior to such a purchase, whichever is the least.
3. Shares acquired to be held for a maximum of two years.
4. The maximum acquisition price of shares will not exceed 5% of the average market value of shares over the five trading sessions prior to such acquisition, without a minimum acquisition price.
5. The relevant provisions of the CSE Laws and Regulations will be applicable.