Triena AGM approves dividend, EGM for dissolution

The AGM of Triena Investments approved the proposed dividend of CYP0.05 (EUR0.0857) per income share.  The cum-dividend date will be July 3, 2007, while the ex-dividend date will be July 4, 2007.  The dividend will be paid to the shareholdersby Friday, August 3, 2007. 

All shareholders are reminded that pursuant to the provisions of the Company’s Articles of Association, an Extraordinary General Meeting will take place on November 9, 2007 proposing an ordinary resolution for the Company’s dissolution. 

The Board of Directors must hold the EGM above within the period of 45 days from November 9, 2007.  If the EGM adopts the resolution on the dissolution, the Company will be subject to a dissolution and liquidation.

Pursuant to the provisions of the Articles of Association, if the Company settles its debts (if any), including the taxes, the International Investment shares will be paid fully in their nominal value and will be entitled to any amount credited in the “International Investments Account” and the “Capital Reserves of International Investments”.  The shareholders who hold income shares will be entitled to all distributed profits that were not distributed by the Company.  Any other balance that might emerge, it will be distributed to the shareholders who hold capital shares, either cash or in kind or any other way.

In case that the Company is subject to a liquidation, the liquidator may distribute to the members (cash or in kind) the whole or part of the Company’s assets and will be able to give value on the assets that will be distributed and will be able to arrange the way that the distribution will be carried out among the members or the different classes of the members. 

At the date of this announcement, the Company and other defendants claim the sum of CYP3,043,149 plus the interests and the expenses.  Irrespective of the success of the legal actions above, this amount is expected that it will be withheld by the liquidator to secure the payment of possible obligations in case that the actions are not successful.