CyVenture: Approval for Acquisition of Own Shares
19/4/2001 0:00
During the EGM of CyVenture Capital Ltd. held on the 18 April 2001, the following special resolution was endorsed.
Special Resolution
1. The board was authorised to acquire either through private agreement or from the stockmarket, shares of the company within a period of 12 months from the date of approval of this special resolution.
2. The maximum number of shares acquired in the aforementioned way (including shares of the company already held and shares held by persons acting on its behalf) to be determined at the discretion of the board, but not to exceed at any time 10% of the issued share capital of the company of 25% of the average value of shares traded on the CSE during the 30 days preceding such purchase, whichever is the less.
3. The price of shares acquired to be at the discretion of the board, but not to exceed 5% of the average market price of shares traded during the five trading sessions preceding such an acquisition, without a minimum set for their acquisition price.
4. The duration of the period that such shares are held to be determined at the discretion of the board from time to time, but not to exceed two years from acquisition of such shares.
Special Resolution
1. The board was authorised to acquire either through private agreement or from the stockmarket, shares of the company within a period of 12 months from the date of approval of this special resolution.
2. The maximum number of shares acquired in the aforementioned way (including shares of the company already held and shares held by persons acting on its behalf) to be determined at the discretion of the board, but not to exceed at any time 10% of the issued share capital of the company of 25% of the average value of shares traded on the CSE during the 30 days preceding such purchase, whichever is the less.
3. The price of shares acquired to be at the discretion of the board, but not to exceed 5% of the average market price of shares traded during the five trading sessions preceding such an acquisition, without a minimum set for their acquisition price.
4. The duration of the period that such shares are held to be determined at the discretion of the board from time to time, but not to exceed two years from acquisition of such shares.
