Within the framework of organizing and staffing the company’s Software and Services Department, the Board of Directors, following an authorization issued to it with the Special Resolution dated 26.6.2002, has decided the issue and distribution of the following ordinary company shares of nominal value 20 (twenty) cents each, based on the related terms of similar agreements:
1. To company CLR Investment Fund Ltd, 100.000 shares as part of payment for the acquisition of all issued capital of DAP Noesis Business Solutions Ltd (there is a related company announcement dated 23.4.2002).
2. Concerning the employment of Mr. Kyriakos Fiakkas, Department Director, 1.000.000 shares as part of his emolument for the agreed five-year service to the company, starting 1.2.2002.
3. Concerning the employment of eight more persons, 195.000 shares as part of their emolument for their agreed service to the company.
The company will make an additional announcement during the introduction of the aforementioned shares or any part thereof to the Cyprus Stock Exchange.
1. To company CLR Investment Fund Ltd, 100.000 shares as part of payment for the acquisition of all issued capital of DAP Noesis Business Solutions Ltd (there is a related company announcement dated 23.4.2002).
2. Concerning the employment of Mr. Kyriakos Fiakkas, Department Director, 1.000.000 shares as part of his emolument for the agreed five-year service to the company, starting 1.2.2002.
3. Concerning the employment of eight more persons, 195.000 shares as part of their emolument for their agreed service to the company.
The company will make an additional announcement during the introduction of the aforementioned shares or any part thereof to the Cyprus Stock Exchange.