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SHARE BUYBAK – NOTICE OF EXTRAORDINARY GENERAL MEETING : News archive
25 January 2008
The Directors of the Company confirm today that they have dispatched a notice of EGM to convene a meeting of shareholders at 39-41 Shota Rustaveli Street, 14th floor, Kyiv 01033 Ukraine on Thursday 21 February 2008 at 5 pm. At the meeting, the following business is proposed:
Resolution. THAT the Company be and is hereby unconditionally and generally authorised for the purposes of article 57 of the Companies (Jersey) Law 1991, as amended, to make one or more purchases of ordinary shares of £0.10 each in the capital of the Company ('Ordinary Shares') which are trading on AIM, a market of the London Stock Exchange, provided that:
(a) the maximum aggregate number of Ordinary Shares hereby authorised to be purchased is 1,500,000 representing 3% of the Company’s authorised Ordinary Share capital;
(b) the minimum price (exclusive of expenses) which may be paid for each Ordinary Share is 53.5 pence;
(c) the maximum price (exclusive of expenses) which may be paid for an Ordinary Share is an amount equal to no more than 3% above the average of the closing price for an Ordinary Share as derived from AIM for the five business days immediately preceding the day on which the Ordinary Share is contracted to be purchased;
(d) unless previously revoked or varied, this authority shall expire at the conclusion of the next annual general meeting of the Company or on 1 July 2008, whichever is the earlier; and
(e) a contract to purchase Ordinary Shares under this authority may be made prior to the expiry of this authority, and concluded in whole or in part after the expiry of this authority.”
The share purchases will be conducted in line with the requirements of the Companies (Jersey) Law 1991 (as amended). |
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