Telia Aqua Marine Considers Buyback of Own Shares
6/4/2001 0:00
The Board of Telia Aqua Marine Ltd. during its meeting on the 5 April 2001, decided to call an Extraordinary General Meeting on 2 May 2001 to seek authorisation for the board to purchase own shares of the company according to relevant legislation.
The minimum and maximum price of acquisition of such shares not to exceed 5% of the average market price of shares of the company during the last five trading sessions preceding such purchase. The company to acquire up to the maximum number of shares permissible by law within 12 months from such decision by the EGM. Shares to be acquired either by private agreement or from the stockmarket and to beheld for a period not exceeding 2 years from their acquisition.
The Board believes that the current market price of shares of the company is lower than its real value according to its financial status.
The minimum and maximum price of acquisition of such shares not to exceed 5% of the average market price of shares of the company during the last five trading sessions preceding such purchase. The company to acquire up to the maximum number of shares permissible by law within 12 months from such decision by the EGM. Shares to be acquired either by private agreement or from the stockmarket and to beheld for a period not exceeding 2 years from their acquisition.
The Board believes that the current market price of shares of the company is lower than its real value according to its financial status.
