Christis: Resolution for buyback
7/6/2004 10:52
We wish to inform you that Christis Dairies Ltd will proceed to buyback of own shares, which was approved by the Extraordinary General Meeting held on May 24, 2004:
“That the Board of Directors be authorized to proceed to buyback of own shares for the period of twelve months that will not to exceed 10% of its issued share capital against an exchange that will not exceed 5% of the average market value of shares over the last five trading sessions prior to such a purchase”.
That the maximum number of shares that may be acquired not to exceed 10% of the issued share capital of the Company or 25% of the average market value of transactions carried out in the titles of the Company in the Cyprus Stock Exchange over the last thirty trading sessions prior to the acquisition of the shares, which ever amount is the smallest and that it maintains the registration of the shares for a period that it will not exceed two years from their purchase”.
“That the Board of Directors be authorized to proceed to buyback of own shares for the period of twelve months that will not to exceed 10% of its issued share capital against an exchange that will not exceed 5% of the average market value of shares over the last five trading sessions prior to such a purchase”.
That the maximum number of shares that may be acquired not to exceed 10% of the issued share capital of the Company or 25% of the average market value of transactions carried out in the titles of the Company in the Cyprus Stock Exchange over the last thirty trading sessions prior to the acquisition of the shares, which ever amount is the smallest and that it maintains the registration of the shares for a period that it will not exceed two years from their purchase”.
