Woolworth rolls out dividend, buyback

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The Board of Directors of F.W. Woolworth (Cyprus) Ltd. has proposed the payment of 1.5 cent per share dividend for 2004, the same as in 2003 for a total yield of 7.25% based on the most recent prices prevailing on the CSE.

The Board also approved a share buyback programme and decided to propose to the Annual General Meeting to change the name of the company to Woolworth (Cyprus) Properties Public Ltd.