Falkland Islands Holdings PLC
9 October 2001
Letter to Company Announcements Office
Notification of Proposal to Purchase Own Equity Shares
We write to inform you that at today's Annual General Meeting of the company the
attached resolution was approved by shareholders as a special resolution.
Letter from A M Knightley
Falkland Islands Holdings Plc
Company Secretary
Falkland Islands Holdings Plc
Resolution 9 passed at the Annual General Meeting held on 9th October 2001
at 11am.
THAT, the company be generally and unconditionally authorised to make one or
more market purchases (within the meaning of s163(3) or the Act) of ordinary
shares of 10 pence in the capital of the Company ('ordinary shares') provided
that:
(a) the maximum aggregate number of ordinary shares authorised to be purchased
is 306,001 (representing 5 per cent of the issued ordinary share capital);
(b) the maximum price which may be paid for an ordinary share is an amount equal
to 105 per cent of the average of the middle market quotations for an
ordinary share as derived from the London Stock Exchange Daily Official List
for the five business days immediately preceding the day on which the
ordinary share is purchased;
(c) this authority expires at the conclusion of the next Annual General Meeting
of the company to be held in 2002 or within twelve months from the date of
the passing of this resolution whichever is earlier; and
(d) the Company may make a contract to purchase ordinary shares under this
authority before the expiry of the authority which will or may be executed
wholly or partly after the expiry of the authority, and may make a purchase
of ordinary shares in pursuance of any such contract.