Lysandros Ioannou announced that he has submitted a Public Offer for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the issued share capital of PHC Franchised Restaurants Public Limited at a consideration of CYP 0.24 or EUR 0.413 per share cash. The bid has been made pursuant to article
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The Board of Directors of Stario Portfolio Investments Public Company Ltd decided to propose to the AGM the payment of a dividend of 1 cent per share, that is, 10% on the nominal value of the share. It will also propose a dividend reinvestment plan. The acquisition price will be set on the basis of
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The Cyprus International Institute of Management (CIIM), the island’s leading business school, is launching an innovative summer school for young people aged 16 to 22 to impart at a young age much needed management skills for study, life, and career. This personal and professional development workshop from July 2 to 14 will include three fun-filled
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President of the House of Representatives Demetris Christofias said that Turkey continues to impose restrictive measures on Cypriot ships which have negative implications on the Cyprus flag and the economy in general. Addressing the 18th Annual General Meeting of the Cyprus Shipping Council in Limassol, Christofias said that Cyprus has all the experience and potential,
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The Board of Directors of Aspis Holdings (formerly MFS) clarifies that April 11, 2007 is the last date for shareholders of Aspis Holdings Plc to be eligible to receive the bonus rights in the ratio of 1 Right for every share held. For every three rights held, the shareholder will have the right to acquire
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The Cyprus Securities and Exchange Commission decided that Aspis Pronoia AEGA and Commercial Value SA acted in agreement with Georgios Stefanou in the purchase of titles of Universal Bank Public Ltd, offering higher price than that offered to the shareholders of Universal Bank Public Ltd in the document of the revised and Competitive Public Offer
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The Cyprus Securities and Exchange Commission decided to impose fines on Board members of Marfin Popular Bank Public Co Ltd, Messrs. Andreas Vgenopoulos, Eleftherios Hiliadakis and Kyriakos Mageiras for trading during the closed period. The trades violate articles 8 and 10 of Directive 5/2005 of the Securities and Exchange Commission. The SEC imposed an administrative
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Kikis Lazarides, the former Chairman of the Laiki Group who was ousted by the bank’s new shareholders last summer, is returning to another chair he held nearly two decades ago. Lazarides takes over the helm of Cyprus Airways in a last-ditch effort to save the troubled national carrier with a mission to prove two points:
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— MTN tops 40 mln subscribers  The MTN Group, that acquired the worldwide telecom interests and 8.4 mln subscribers of Investcom last July, continued to show strong growth in Group revenue and subscriber base in 2006. Announcing its annual results, MTN recorded a 73% increase in subscribers to 40.05 mln in 21 countries. South
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Blyk, funded by advertising, has chosen Nokia Siemens Networks to supply, build and host its core network as it embarks on a new approach to offering mobile telephony service. In its first-ever full mobile virtual network operator (MVNO) hosting arrangement, Nokia Siemens Networks will be hosting the entire operation of Blyk’s core network, allowing Blyk
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