Papantoniou dividend 2.9 cents

The Board of Directors of C.A.C. Papantoniou Public Company Ltd decided to propose to the AGM the payment of an additional dividend of 2.9 cents per share or 14.5% on the nominal value for 2006, excluding the interim dividend of 2.0 cents per share or 10% on the nominal value of the share that has already been paid.  The final dividend for 2006 will amount to 4.9 cents per share or 24.5% on the nominal value. 

The Annual General Meeting  will take place on June 27, 2007 at 5.00 pm at the Aloe Hotel in Paphos to be followed by an Extraordinary General Meeting after the AGM in order to approve the special resolutions authorising the Board of Directors to proceed with a buyback program in the next 12 months, and a rights issue plan to the Company’s employees with a maximum number of shares of 150,000, which will result either by the own shares that have been bought by the company or by the increase in the share capital, without those shares being offered to the shareholders.