CAP approves dividend

C.A. Papaellinas Pcl (CAP) shareholders approved a dividend payment of 1.2 cent per share to all shareholders registered at 1 June 2006. The ex-dividend date is set on 30 May 2005. Additionally, the AGM also approved a dividend reinvestment scheme.

According to the dividend reinvestment scheme, shareholders wishing to reinvest their dividend in CAP shares will be offered a 15% discount to the weighted average price of the stock traded during the first five trading days following the ex-dividend day (2 June – 8 June 2006). The deadline for participating in the dividend reinvestment scheme is 16 June 2006. The dividend will be paid on 30 June.