Telia Aqua Approves Buy Back of Shares
3/5/2001 0:00
Telia Aqua Marine Ltd. announced that during the EGM of the 2 May 2001, the following were unanimously endorsed.
1. To authorise the Board to acquire either by private agreement or from the stockmarket, shares of the company within a period of 12 months from the date of approval of the resolution.
2. That the maximum number of shares acquired as aforementioned (including shares of the company already held in its portfolio and shares acquired by an entity acting on the company’s behalf) be determined at the discretion of the Board, but not exceeding 10% at any time of the issued share capital of the company or 25% of the average value of transactions during the 30 days preceding such a purchase, whichever is the least.
3. That the acquisition price of such shares to be determined at the discretion of the Board, but not exceeding 5% of the average closing price of shares of the company traded during the 5 trading sessions preceding such a purchase, without however setting a minimum purchase price.
4. The period which shares acquired as aforementioned are held to be determined by the Board from time to time, but not to exceed two years from their acquisition.
1. To authorise the Board to acquire either by private agreement or from the stockmarket, shares of the company within a period of 12 months from the date of approval of the resolution.
2. That the maximum number of shares acquired as aforementioned (including shares of the company already held in its portfolio and shares acquired by an entity acting on the company’s behalf) be determined at the discretion of the Board, but not exceeding 10% at any time of the issued share capital of the company or 25% of the average value of transactions during the 30 days preceding such a purchase, whichever is the least.
3. That the acquisition price of such shares to be determined at the discretion of the Board, but not exceeding 5% of the average closing price of shares of the company traded during the 5 trading sessions preceding such a purchase, without however setting a minimum purchase price.
4. The period which shares acquired as aforementioned are held to be determined by the Board from time to time, but not to exceed two years from their acquisition.
