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Listed Companies' Press Releases
Press Search | Monthly Press
07/09/2007
ELMEC SPORT S.A.
EMPORIKI BANK OF GREECE S.A.
DIEKAT S.A.
J. & P. - AVAX S.A.
MARFIN INVESTMENT GROUP HOLDINGS SA
SPRIDER STORES S.A
ALPHA GRISSIN INFOTECH S.A
FOURLIS S.A.
Info-Quest S.A.
ILEKTRONIKI ATHINON S.A.
EUROMEDICA S.A.
ELMEC SPORT S.A. : Press Release - Correct repeat

The management of Elmec Sport Group of companies publishes the financial statements of the 1st semester of 2007, which reflect the financial position of the companies prior to the transfer of the majority of the stocks to Laskarides Group of Companies.
The 1st semester of 2007 indicates the end of the transitory period of the Group's restructuring, after the termination of the distribution of Nike products in Greece and Cyprus in June 2006, which represented about 20 million euros of turnover, the value of which had been included in the results of last year's corresponding period.
In parallel, the new management of Elmec Sport, following the persistently conservative policy of the new owners, performed a substantial restatement of its last years' financial statements, adopting a more conservative application of the International Financial Reporting Standards, mainly on the issues of goodwill, inventory valuation and intra-group transactions. These changes affected negatively the results of the period 1/1 - 30/6/2007 by 800 thousand euros approximately, due to the change in the computation method of the intra-group earnings on the inventories of the Group, while this change had more intense negative effect on the consolidated results of the current period (1/1 - 30/6/2007), and thus by 1,7 million euros approximately.
The above restatement of course does not affect the substance of the figures of the Group. In detail:
- The parent company Elmec Sport saw a drop in its turnover by 20 million euros that corresponds to the wholesale turnover of Nike products in Greece and Cyprus. This turnover is expected to be replaced by the wholesale distribution of Converse products, which started in the 2nd semester of 2007 and also by the new activities planned by the Company. Also, the company pursuits an integrated reorganisation aiming towards the reduction of operating expenses and the rise of productivity, in order to improve considerably its profit margins.
- The activities and the profitability of the affiliates of the Group in Romania and Bulgaria have improved substantially. In detail, their turnover increased to 20,4 mn euros versus only 12,5 mn euros in previous year's corresponding period.
- The choice of the Company to invest in the sector of department stores has proved correct. In detail, the turnover of 'attica, the department store', Factory Outlet and Factory Outlet Airport rose by 40%, while their operating profits doubled.
- Finally, on a consolidated basis, Elmec Sport Group has managed to maintain the turnover of 90 mn euros of previous year's corresponding semester, while net earnings after taxes reached 2,5 mn euros.
The management of the Company considers the results of the 1st semester of 2007 as being quite satisfactory since they incorporate the transformation of the business orientations of the Group. The Company now pursuits the acquisition of the minorities in the Factory Outlets as well as in Ipirotiki, aiming towards increased operating profits, while in the meantime it speeds up the investments for the reopening of 'Minion', the development of a new department store in the new Mall in Kifisias Avenue, and the exploitation of the two important real estate properties in Romania.

EMPORIKI BANK OF GREECE S.A. : Notifications of information as per L.3556/2007

A. Emporiki Bank of Greece S.A., according to the provisions of L.3556/2007 (articles 3 (xvi), (bb) and 21), in conjunction with article 11 of Decision 1/434/3.7.2007 of Capital Market Commission, notifies that Credit Agricole S.A. (person obliged to notify pursuant to article 13 of L.3340/2005), acquired on 04.09.2007 52,531 common registered shares of Emporiki Bank of Greece S.A. with a total net value of Euro 1.077.972,89.
B. Emporiki Bank of Greece S.A., according to the provisions of L.3556/2007 (articles 3 (xvi), (bb) and 21), in conjunction with article 11 of Decision 1/434/3.7.2007 of Capital Market Commission, notifies that Credit Agricole S.A. (person obliged to notify pursuant to article 13 of L.3340/2005), acquired on 05.09.2007 6,686 common registered shares of Emporiki Bank of Greece S.A. with a total net value of Euro 137.063,00.

DIEKAT S.A. : Information required under law 3556/2007

The Company, with present, informs shareholders with regard to their obligations pertaining to the notification of important participation changes, as arising from articles 9, 10, 11 and 14 of Law 3556/2007 and decision 1/434/3.7.2007 by the Administrative Council of the Capital Market Commission.
Specifically, according to article 9 of law 3556/2007, shareholders who acquire or dispose of shares with rights of vote, whose percentage of rights of vote - because of this acquisition or disposal - reaches, exceeds or falls below the limits 5%, 10%, 15%, 20%, 25%, 1/3, 50% and 2/3 must inform the issuer as to the percentage of rights of vote possessed as result of this acquisition or disposal.
Shareholders who possess a percentage of rights of vote greater than 10%, must proceed to the relevant notification, even in cases where the change to the percentage of rights of vote held is equal or greater than 3%.
According to article of 10 above law, the obligation of notification is also effective for parties acquiring, disposing of or practicing rights of vote in the following cases:
a) rights of vote held by third parties with which the aforementioned party has entered agreements, based on which they must, through the coordinated exercise of rights of vote held, adopt a common policy as to the Company s administration,
b) rights of vote held by third parties by virtue of an agreement entered with the aforementioned party, which provides for the paid transfer of rights of vote,
c) rights of vote incorporated in shares provided to with the aforementioned party as material insurance, under the condition that said party controls the rights of vote and have declared their intention to practice this.
d) rights of vote incorporated in shares whose lifelong users are the aforementioned parties,
e) rights of vote incorporated in shares provided to the aforementioned party, which said party may use at will, provided no special shareholders instructions exist pertaining to these,
f) rights of vote held by third parties in their name but on behalf of the aforementioned party,
g) rights of vote which the aforementioned party may use under power of attorney, provided that they may practice the rights of vote at will without special shareholders instructions,
h) with regard to management companies, rights of vote held, acquired or disposed of, the mutual funds are managed by said company.
According to article 11 of Law 3556/2007, the obligation to amend article 9 also applies to parties acquiring or disposing of credit means directly, or indirectly via third parties.
With regard to the Company and according to articles 9, 10 and 11 of said law, provided that they acquire or dispose of Company rights of vote, they must proceed to the notification of the important change in their participation in Company rights of vote simultaneously the Company and the Capital Market Commission, as soon as possible and in any case at the latest within three (3) negotiation days from the date when the relevant obligation of notification was created.
The Company s notification is realized by the submission of the relevant form of notification, legally signed. This may be sent by fax: 210.66.84.701 (attention of Department of Shareholders), confirming receipt by phone at Tel. 210.66.83 900.
The notification form is submitted, legally signed, to the central protocol office of the Capital Market Commission, at the address Kolokotroni 1 and Stadiou, 105 62 Athens and is addressed to the Capital Market Commission's Department of Public Registrations and Monitoring of Listed Companies, to the Department of Monitoring and Follow-up of Listed Company Conduct, , with the indication notification of important changes in rights of vote according to Law 3556/2007.
Submission may also be realized by fax: 210.33.77 243. In this case, the form should be accompanied by a fax cover, which should definitely contain sender details, signature, telephone and the number of sent pages, confirming their receipt by the competent protocol service.
A legally signed notification is that bearing the signature of the liable parties themselves or another, legally authorized party. If the liable party is a legal entity, the statement is signed by its legal representative.
It is noted that the competent authority for the monitoring of information obligations is the Capital Market Commission and the relative form of notification has been posted on its website (www.hcmc.gr).
For more information or larifications, interested parties may contact the Company s Department of Shareholders (Mrs Ek. Dretaki, tel.210 66.83 900).

J. & P. - AVAX S.A. : Increase of participation in Athena SA to 72.05%.
Pursuant to Article 282 of the Athens Stock Exchange Regulation and Article 24 of Law 3461/2006, J&P-AVAX S.A. announces the purchase of 151,885 shares of Athena SA at euro 1.67 / share, for a total consideration of euro 253,647.95 on September 06 2007. Following the transaction, J&P-AVAX S.A. controls 72.36% of Athena SA's share capital.
MARFIN INVESTMENT GROUP HOLDINGS SA : Notification
On 6.9.2007, "MARFIN INVESTMENT GROUP HOLDINGS S.A." acquired 830 shares of "VIVARTIA INDUSTRIAL AND COMMERCIAL COMPANY OF FOOD PRODUCTS AND CATERING SERVICES", corresponding to 0.0011% of the Issuer's share capital and voting rights, as a result of which its participation in the share capital and voting rights of the Issuer amounted in total to 77.5693%. The acquisition price of the above shares came up to 24.68 euros per share.
SPRIDER STORES S.A : Announcements according to Law 3556/2007
SPRIDER STORES S.A. announces based on Law 3556/2007 (articles 3 and 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on September 6, 2007, the President and Executive Member of the Board of Directors (bound person according to article 13 of Law 3340/2005), Mr. Athanasios Dorotheos Hatzioannou bought 4.000 common shares, with a total net value of Euro 42,074.00.
ALPHA GRISSIN INFOTECH S.A : Announcement of Regulated Information of Alpha Grissin Infotech SA according to L3556/30.04.2007 of the Board of Directors of the Hellenic Capital Market Commission about trade acknowledgements (according to L.3340/2005)
According to L3556/30.04.2007 (ar.3 & ar.21) in combination with the ar.11 of the Decision 1/434/03.07.2007 of the Board of Directors of the of the Hellenic Capital Market Commission and after informed, in 07/09/2007, from Mr Vasilios A. Grissin/ person in managerial position (according to ar.13 of L3340/2005), Alpha Grissin Infotech SA informs today, 07/09/2007 the public, that Mr Vasilios Grissin , father's name Alexios Grissin, President of Administrative Council at Alpha Grissin Infotech SA, has acquired on 06/09/2007, 5.000 common shares of Alpha Grissin Infotech SA, total worth 15.697,27 euro.
FOURLIS S.A. : Announcement

Fourlis Group announces that on Thursday, 6th September 2007, the opening ceremony of IKEA store in Cyprus took place. The store is the third store of the Group in Greece and Cyprus, with a surface of 22,000 sq. m. and 1,500 parking places.
The opening ceremony was held by Mr Antonis Vasileiou Labor and Social Security Minister of Cyprus and Mr Ingemar Lindahl Ambassador of Sweden.
The opening ceremony day, was very successful since almost 15,000 customers visited IKEA store.

Info-Quest S.A. : Notification

According to article 24 par. 2(a) of Law 3461/2006, Info-Quest S.A. announces that on September 6, 2007 acquired through the Athens Stock Exchange 22.790 common registered voting shares of UNISYSTEMS S.A. at a price equal to Euro 2,10 per share.
Pursuant to the above, Info-Quest holds 79,69% of the share capital and voting rights of UNISYSTEMS S.A.

ILEKTRONIKI ATHINON S.A. : Comments on Recent Press Article(s)

In reply to the publication from the financial newspaper "IMERISIA" dated 5/09/2007 we would like to make the following announcement:
1. Concerning the reference to an increase by 20% to the company?s figures from the company?s estimates we relegate to our announcements dated 9/2/2007 and 6/6/2007.
2. We have already launched our company's first store in Serbia. We estimate that we will obtain a 3% share of the domestic market operating one store according to the financial data we have today.
3. In our announcement dated 9/2/2007 we were informing the investor public for our intension to expand in Serbia by launching a second store and also for the potential of a further expansion in Balkans without being able to define the exact place and time that our plans will take place.

EUROMEDICA S.A. : Significant changes in voting rights under Law 3556/2007
By its letter dated 07/9/2007, SONAK A.E.V.E. informed us that on 28/8/2007, due to the listing for trading of the new shares of EUROMEDICA S.A., which resulted from the share capital increase performed, the percentage of the voting rights of our corporation was changed from 18.490% to 14.832%.