Woolworth dividend at 1.6 cent, AGM to approve name change, buyback

The Board of Directors of Woolworth (Cyprus) Properties Public Ltd confirmed that the final results for 2006 show that profit before taxation stood at CYP5,274,874 compared to CYP 2,733,241 in 2005, while the profit after taxation stood at CYP 4,292,431 against CYP 2,257,834 in 2006 for a 90.1% increase.
The Board of Directors approved unanimously the final results for 2006, which will be posted to the shareholders in early May.
The Board of Directors decided to propose to the AGM the payment of a dividend of 8% on the nominal value of the share (20 cents), that is, 1.6 cents per share.The Annual General Meeting will take place on June 7, 2007 at 6.30 pm at the International Conference Centre in Nicosia.
The Board of Directors decided unanimously to hold an Extraordinary General Meeting on June 7, 2007 at 6.15 pm at the Conference Centre in Nicosia (before the AGM) to approve the resolutions changing the name of the company to Woolworth (Cyprus) Properties Plc., and proceed with a buyback of own shares for the 12-month period from June 8, 2007, pursuant to the provisions of the Companies’ Law 2000.