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Listed Companies' Press Releases
Press Search | Monthly Press
09/11/2007
GEK GROUP OF COMPANIES S.A.
GEK GROUP OF COMPANIES S.A.
MICHANIKI S.A.
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
COSMOTE- MOBILE TELECOMMUNICATIONS S.A
PLAISIO COMPUTERS S.A.
J. & P. - AVAX S.A.
TITAN CEMENT COMPANY S.A.
INTRACOM S.A. HOLDINGS
INTRALOT S.A.
TECHNICAL OLYMPIC S.A.
COCA-COLA Å.Å.Å. S.A.
MARFIN INVESTMENT GROUP HOLDINGS SA
REGENCY ENTERTAINMENT S.A.
AGRICULTURAL BANK OF GREECE S.A.
EUROMEDICA S.A.
EMPORIKI BANK OF GREECE S.A.
J. & P. - AVAX S.A.
PUBLIC POWER CORPORATION SA
SIDENOR S.A. (FORMER ERLIKON)
TITAN CEMENT COMPANY S.A.
HELLENIC TELECOM. ORG.
MARFIN INVESTMENT GROUP HOLDINGS SA
HELLENIC TELECOM. ORG.
INTERINVEST S.A.
HELLENIC DUTY FREE SHOPS S.A.
MARFIN INVESTMENT GROUP HOLDINGS SA
EFG EUROBANK ERGASIAS SA.
ATTICA HOLDINGS S.A.
EUROBANK PROPERTIES REIC
ALAPIS S.A
HELLENIC TELECOM. ORG.
GEK GROUP OF COMPANIES S.A. : Announcement
GEK S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 par. 5 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 27.06.2007 and the Decision of the Board of Directors dated 28.06.2007, proceeded on November 8, 2007 through the member of the A.S.E. PRAXIS INTERNATIONAL S.A., with the purchase of 10.500 GEK's shares as at an average price of 12,6145 euros per share and at with a total transaction value of 132.451.80 euros.
GEK GROUP OF COMPANIES S.A. : Announcement according to the Law 3556/2007
The company "GEK S.A. Holdings, Real Estate, Constructions" announces that, according to the article 21 of Law 3556/2007 and the article 11 of the Decision No. 1/434/3.7.2007 of the Capital Market Committee, Mr. Nikolaos Kambas, shareholder and Vice-Chairman of the Board of Directors of the Company (Obligated Person, according to article 13 of Law 3340), proceeded to the purchase of 3.500 common nominal shares on 8/11/2007, of total value of 43.842.40 euro.
MICHANIKI S.A. : Announcement pursuant to Law 3556/2007
METKA S.A. announces pursuant to Law 3556/2007 in combination with article 11 of Decision 1/434/03.7.2007 of the Hellenic Capital Market Commission that MYTILINEOS HOLDINGS S.A. an associated legal person, bought, on November 08th, 2007, 14.000 common shares of the company of a total value of Euro 236,600.00. This transaction has been duly acknowledged to the Company pursuant to article 13 of Law 3340/2005 by MYTILINEOS HOLDINGS S.A.
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. : Announcement of substantial holdings L. 3556/2007
OPAP S.A. announces, pursuant to the provisions of article 27 par.3 of L.3556/2007, following the relevant notification which was submitted, that Capital Research and Management Company -an investment management company-, holds on 26/09/2007, the amount of 29.402.980 shares (direct: 0, indirect: 29.402.980), namely indirect percentage 9,2172% and the respective voting rights over the total 319.000.000 OPAP S.A.'s share capital. It must be emphasized that, according to the notification, the number of shares and the percentage of voting rights even before the above mentioned date, amounted to 29.402.980 and 9,2172% respectively.
Furthermore, OPAP S.A. announces that no other notification regarding substantial holdings of shares has been submitted to the company pursuant to the provisions of par. 2 of article 27 L.3556/2007 and, therefore, the percentages announced before the implementation of law continue to apply.
The present announcement is published pursuant to the provisions of article 21 of L.3556/2007 and has been posted on the Athens Stock Exchange website and on the company's website at the following web address www.opap.gr.
COSMOTE- MOBILE TELECOMMUNICATIONS S.A : Press release of 9 month 2007 financial results
Press release of 9 month 2007 financial results
PLAISIO COMPUTERS S.A. : Announcement
PLAISIO COMPUTERS S.A. (the Issuer) informs the investment public that, after a relevant application of National Securities S.A., the Board of Directors of the Athens Stock Exchange, by its decision on the 8th of November 2007, approved as market maker for the Issuer's shares the company National Securities S.A. As starting date of the above market making was fixed the 13th of November 2007. A market making agreement has been signed between the Issuer and National Securities, under the following terms:
1.National Securities S.A. will transfer to the ATHEX Trading System market making orders (quotes) on its account, concerning the issuer's shares, in accordance with the specific provisions of the relevant legislation. For the market making services the Issuer will pay a fee to National Securities S.A.
2.The duration of the market making agreement is one (1) year.
J. & P. - AVAX S.A. : Announcement on important trade information (Law 3556/2007)
In accordance with Law 3556/2007, J&P-AVAX SA announces the purchase of 372,467 shares of ATHENA SA on 08.11.2007, raising its percentage of voting rights in ATHENA SA to 79.47% from 78.71% (cumulative change in voting rights in excess of 3% since the previous announcement, pursuant to Law 3556/2007).
TITAN CEMENT COMPANY S.A. : Announcement pursuant to Law 3556/2007
Titan Cement Co. S.A. announces pursuant to Law 3556/2007 in combination with article 11 of Decision 1/434/03.7.2007 of the Hellenic Capital Market Commission that Mr. NIKOLAOS KAMBANIS bought, on November 11th, 2007, 100 common shares of our company of a total value of Euro 3.330.
This transaction has been duly acknowledged to the Company pursuant to article 13 of Law 3340/2005 by Nikolaos Kambanis, under his capacity as Head Counsel Int'l Legal Affairs of the Titan Group.
INTRACOM S.A. HOLDINGS : Announcement
According to article 276 of the Athens Exchange Regulations, INTRACOM HOLDINGS S. A. announces that the regular tax audit for the fiscal years 2005 and 2006 has been completed. According to the audit outcome, the total amount the Company will pay in tax is euro 497.408,00, chargeable to the financial results of the fiscal year 2007.
INTRALOT S.A. : Announcement.
INTRALOT, in accordance with the decision of the BoD of the company, informs the investment public that the Extraordinary General Assembly of the Shareholders of the Company on 24.10.2007 decided:
a) the increase of 18,122,611.03 Euro of the Company's share capital through capitalization of part of the reserves with corresponding increase of the nominal value of each share from 0.37 Euro to 0.60 Euro.
b) the reduction of the nominal value of each share from 0.60 Euro to 0.30 Euro with corresponding increase of the share capital of 78,793,961 new common shares which will be issued and will be distributed, at no cost, to old shareholders, at the rate of one (1) new common share for each one old share.
After the previous corporate change the Company's share capital amounts to 47,276,376.60 Euro which is divided into 157,587,922 total shares with a nominal value of 0.30 Euro per share.
The decision No K2-15700 of the Ministry of Development approving the amendment of the relative modification of the Company's Articles of Association was registered in the Registar of Societes Anonymes on 31.10.2007.
The BoD of ATHEX in its meeting dated 8.11.2007, approved the admittance to trading of the new, at no cost, shares that results according to above.
By the decision of the INTRALOT's BoD, it fixed that beneficiaries of the new shares, at no cost, will be the shareholders at the end of the ATHEX's session on 13.11.2007.
From the next weekday, 14.11.2007, the shares will trade ex-rights with the new nominal value (0.30 Euro per share), in ATHEX. From the same date the price of departure of trading of the Company's shares, it will be shaped in accordance with the ATHEX's Regulation.
The commencement of trading of the 78,793,961 new, at no cost, common shares begins trading to the ATHEX at 21.11.2007. As from the same date the above shares, will be credited to the SAT accounts of the beneficiary shareholders.
For additional information the shareholders can be informed from the relative information memorandum that is available from 2.11.2007 at the Company's headquarters (64, Kifissias Ave. & 3, Premetis Str., Maroussi - Athens) or at the Company's website (www.intralot.com) and the ATHEX's website (www.ase.gr).
Also they can be contact with the Shareholder's Department of INTRALOT (tel: +030 210 6156000, Mr. Antonios Mandilas)
TECHNICAL OLYMPIC S.A. : TOUSA RETAINED KROLL ZOLFO COOPER
Group TECHNICAL OLYMPIC management informs the investment community that NYSE listed US affiliate TOUSA Inc. announced, that retained KROLL ZOLFO COOPER LLC, a leading financial advisory and interim management firm, to assist TOUSA's management in developing a long-term business plan and assist TOUSA in evaluating its restructuring options.
TOUSA faces many challenges and is considering all available restructuring and reorganization alternatives. By retaining KROLL ZOLFO COOPER, TOUSA is enlisting additional expertise to join its management team and other advisors in examining its assets and capital structure for a longer-term solution to enhance TOUSA value for its stakeholders.
More information is available at the website of the US Securities and Exchange Commission, www.sec.gov, at the 8-K Form, 10-Ê Form êáé 10-Q Form as well as at the website of the subsidiary company, www.tousa.com.
This press release contains forward-looking statements. TOUSA wishes to caution readers that certain important factors may have affected and could in the future affect the Company's actual results and could cause the Company's actual results for subsequent periods to differ materially from those expressed in any forward looking statement made by or on behalf of the Company.
COCA-COLA Å.Å.Å. S.A. : Announcement of the Record Date of the bonus shares
Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC, Company) informs its shareholders that the Extraordinary General Meeting, which took place on 15 October 2007, decided the increase of the Company's share capital by Euro sixty million five hundred sixteen thousand nine hundred seventy nine (60,516,979) through the capitalisation of the "share premium account".
The capital increase is effected through the issuance of one hundred twenty one million thirty three thousand nine hundred fifty eight (121,033,958) new ordinary bearer shares, of a nominal value 0.50 Euro each, by way of a bonus distribution to the Company's shareholders of one (1) new common share for every two (2) existing shares.
Following the above share capital increase, the Company's share capital amounts to Euro one hundred eighty one million five hundred fifty thousand nine hundred thirty seven (181,550,937), divided into three hundred sixty three million one hundred one thousand eight hundred seventy four (363,101,874) shares of a nominal value 0.50 Euro each.
The decision No Ê2-15318 , of the Ministry of Development approving the amendment of the relevant Article 3 of the Company's Articles of Association was registered at the Companies' Registry on 24.10.2007.
The Board of Directors of the Athens Exchange ("ATHEX") in its meeting of Thursday November 8 approved the admission to trading of the new shares on the ATHEX.
Shareholders holding CCHBC shares at the end of the ATHEX trading session on Tuesday November 13 will have the right to receive the newly issued shares. The following trading day, the Company's shares will be trading on the ATHEX without the right and the share price will adjust according to the ATHEX's Regulation and decision 35/24.11.2005 of the Board of ATHEX.
The new shares of one hundred twenty one million thirty three thousand nine hundred fifty eight (121.033.958) will be credited to the SAT accounts of the beneficiary shareholders and will commence trading on the ATHEX on Tuesday November 20 2007.
Information concerning ADR holders (NYSE), CDI holders (ASX) and shareholders holding their shares through Lloyds TSB Registrars Corporate Nominee Ltd. will be distributed by the Bank of New York, Chess Depositary Nominees Pty Ltd. and Lloyds TSB Registrars Corporate Nominee Limited, respectively.
MARFIN INVESTMENT GROUP HOLDINGS SA : Announcement
On 08.11.2007, "MARFIN INVESTMENT GROUP HOLDINGS S.A." acquired 327,773 shares of "ÁÔÔÉCA HOLDINGS S.A.", corresponding to 0.315 % 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 54.398 %. Of the above percentage, the Company holds directly 4.466% which corresponds to 4,652,744 shares of the Issuer and indirectly, through its wholly owned subsidiary "MIG SHIPPING S.A.", 49.93 % which corresponds to 52,015,746 shares of the Issuer. The average acquisition price of the above shares came up to 5.398 euros per share.
REGENCY ENTERTAINMENT S.A. : Announcement
We notify you according to article 24, para.2(a), law 3461/2006, that JGD MANAGEMENT CORP., USA, managing and exercising the voting rights of the shares owned by five funds, namely of i) YORK EUROPEAN OPPORTUNITIES MASTER FUND, L.P., ii) LUXOR/YORK FUND LTD, iii) YORK CAPITAL MANAGEMENT, L.P., iv) YORK INVESTMENT LIMITED and v) HFR ED SELECT FUND IV MASTER TRUST, which, as from October 29, 2007, collectively exceed 5% of the shares of the company REGENCY ENTERTAINMENT AE (the Company): on November 7, 2007, it acquired for the first fund 3.201 additional shares of the Company for a price per share of 12,2244 euros, thus the total number of the commonly managed shares increased to 4.253.922, namely 5,06% of Company's share capital.
AGRICULTURAL BANK OF GREECE S.A. : Announcement
ATEbank will announce 9month 2007 results, according to I.F.R.S., for the Bank and the Group, on November 21, 2007, after the end of the ATHEX session, instead of November 28, 2007, as it has initially announced.
EUROMEDICA S.A. : Purchase of own share
Following its notice dated 27/9/2007 with respect to the decision of the Corporate Board of Directors on 25/9/2007 regarding the purchase of own shares, and under article 4 of Directive (EC) No 2273/2003, EUROMEDICA S.A. announces that from 30/10/2007 to 8/11/2007 it proceeded to the purchase of 76.933 own shares at a mean acquisition price of 10,1477 euros.
EMPORIKI BANK OF GREECE S.A. : Notification of information as per L. 3556/2007
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 the shareholder MATHIOYDAKI-PAPANIKOLAOU STYLIANI daughter of Markos (person obliged to notify pursuant to article 13 of L.3340/2005), sold on 01.11.2007 728 common registered shares of Emporiki Bank of Greece S.A. with a total value of Euro 15.288,00.
J. & P. - AVAX S.A. : Announcement on important trade information (Law 3556/2007)-New
In accordance with Law 3556/2007, J&P-AVAX SA announces the purchase of 372,467 shares of ATHENA SA on 08.11.2007, raising its percentage of voting rights in ATHENA SA to 79.61% from 78.71% (cumulative change in voting rights in excess of 3% since the previous announcement, pursuant to Law 3556/2007).
PUBLIC POWER CORPORATION SA : Announcement press comment
Referring to reports on the Mass Media covering discussions for cooperation between RWE and PPC, PPC clarifies the following:
In order to secure electrical supply in the immediate future as well as for the coming years, PPC has examined proposals for cooperation that were submitted by reputable and reliable firms.
Amongst these firms is RWE, with which PPC had fruitful cooperation in the past as well. Discussions with RWE are covering specific projects only. The obviously confidential discussions for the signing of a MoU between the firms, despite the progress made so far, are still in an early stage.
SIDENOR S.A. (FORMER ERLIKON) : Comments on Publications
In response to an article on the Internet website Euro2day titled: Corinth Pipeworks: 'All is open for a private placement',
SIDENOR clarifies that both the company as well as CORINTH PIPEWORKS SA maintain constant and frequent information session with the international investment community.
The Company fulfils without any restrictions all its disclosure obligations to the investment community, pursuant to the existing stock market legislation and proceeds, if this is mandatory, to all pertaining announcements.
TITAN CEMENT COMPANY S.A. : Purchase of own shares.
TITAN CEMENT COMPANY S.A. announces in accordance with article 4 par.4 of Commission Regulation no 2273/2003 of European Communities, that the Company has proceeded to the purchase of own shares, pursuant to decision of the Annual General Meeting of Shareholders dated 10th May 2007 and resolution of the Board of Directors dated 10th May 2007, as follows :
1) On 2.11.2007, the Company purchased 35,000 common shares, with average purchase price euro 31.95 per share and total purchase price euro 1,118,240.00.
2) On 5.11.2007, the Company purchased 43,000 common shares, with average purchase price euro 32,00 per share and total purchase price euro 1,375,880.00
3) On 6.11.2007, the Company purchased 3,559 common shares, with average purchase price euro 32.73 per share and total purchase price euro 116,487.00
4) On 7.11.2007, the Company purchased 12,650 common shares, with average purchase price euro 33.63 per share and total purchase price euro 425,372.74
5) On 8/11/2007, the Company purchased 38,024 common shares, with average purchase price euro 32.98 per share and total purchase price euro 1,254,148.34
The above 132,233 common shares in total, were purchased through the Athens Exchange member Alpha Finance, with average purchase price euro 32.44 per share.
HELLENIC TELECOM. ORG. : Announcement
Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, in response to press articles today announces that:
OTE S.A.'s Board of Directors convenes in line with the company's Articles of Association and the applicable law as always. The company has been informed of the articles of the press and will reserve its legal rights.
The company operates in full compliance with Hellenic Capital Market Commission's and Athens Stock Exchange's regulations at all times and, within this framework, proceeds with all necessary public announcements whenever and in case these are required.
Attached bellow is the agenda of OTE SA's Meeting of the Board of Directors on 9/11/2007.
MARFIN INVESTMENT GROUP HOLDINGS SA : Announcement
MARFIN INVESTMENT GROUP HOLDINGS SOCIETE ANONYME ("MIG") announces according to article 24 of Law N.3461/2006 and the provisions of Law 3556/2007, that, during the trading session of 08.11.2007, MIG acquired 200,000 shares of "BLUE STAR MARITIME S.A." at the price of Euro 3.76 per share and the total value of the transaction amounted to Euro 752,000.00. Subsequently, MIG's total holding in the share capital and voting rights of "BLUE STAR MARITIME S.A." amounts to 49.605 %, out of which 0.809 % corresponds to 849,765 shares held directly by MIG, and 48.795 % corresponds to 51,235,000 shares held indirectly by MIG through its participation in "ATTICA HOLDINGS S.A.".
HELLENIC TELECOM. ORG. : Announcement

Áthens, Íovember 9, 2007 ? The Hellenic Telecommunications Organization SA (OTE SA), today announces that:
Following a written authorization, which was submitted to OTE SA at 17:44 on 7th November 2007, the Marfin Investment Group authorizes Mr. Panagis Vourloumis, to exercise on behalf of Marfin Investment Group the corresponding voting rights of 50,867,727 shares that were reserved on time or of all of the shares directly owned by the Marfin Investment Group, during the OTE SA Extraordinary General Assembly of Shareholders on 8/11/2007 and will be reserved overdue. 2,279,003 shares were reserved overdue and based on the aforementioned written authorization, Mr. Panagis Vourloumis exercised the corresponding voting rights for the total of the abovementioned shares (53,146,730). Subsequent to the closure of the General Assembly Mr. Panagis Vourloumis ceased to hold the total of the voting rights corresponding to the aforementioned shares.
INTERINVEST S.A. : Announcement of regulated information according to l.3556/07
Following the NOTIFICATION of MARFIN POPULAR BANK PUBLIC CO.LTD. dated 09/11/2007 to the issuer and the Capital Market Committee
regarding: "notification of significant change in the number of voting rights according to L.3556/07", the issuer announces the following:
Identity of issuer of underlying shares to which voting rights are attached: INTERINVEST S.A. INTERNATIONAL INVESTMENTS
Reason for the notification: Event changing the breakdown of voting rights Full name/corporate name of person(s) subject to the notification obligation: MARFIN POPULAR BANK PUBLIC CO. LTD.
Date of the transaction and date on which the percentage of voting rights crosses or reaches a threshold, or a change equal or greater than 3% occurs: 20 /07/2007Threshold(s) that the person subject to the notification crosses or reaches: 5%.
Situation before specific transaction:
No. of shares: 0 (directly and indirectly).
No. of voting rights: 0 (directly and indirectly). % of voting rights: 0% (directly and indirectly).
Situation after specific transaction: No. of shares: 0 (directly and indirectly).
No. of voting rights: directly: 0, indirectly: 646.096. % of voting rights: directly 0%, indirectly: 5.79%
Chain of controlled undertakings through which the voting rights are effectively held :
Corporate name of controlled undertakings: MARFIN G.A.M. MUTUAL FUND MANAGEMENT COMPANY S.A.
Situation after specific transaction: No. of voting rights: 646.096. % of voting rights: 5.79%.
Additional information: MARFIN G.A.M. MUTUAL FUND MANAGEMENT COMPANY S.A. is a controlled undertaking of MARFIN EGNATIA BANK S.A., which is a controlled undertaking of MARFIN POPULAR BANK PUBLIC CO. LTD. (in which case, control constitutes the majority (>50%) of the total number of voting rights of the entity).
The present announcement has been published pursuant to article 21 of Law 3556/2007 and is available on the issuer's website (www.interinvest.gr).
HELLENIC DUTY FREE SHOPS S.A. : Purchase of ELMEC shares
The Company HELLENIC DUTY FREE SHOPS S.A. in accordance with the provisions of the article 24 par. 2 of the Law 3461/2006, announces that on 09.11.2007 purchased 385,000 shares of ELMEC SPORT SA, or 0.6949% of the share capital and voting rights of ELMEC. Ôhe price ranged between euro 3.94 and euro 3.96 per share. As a result the total participation in the share capital and voting rights of ELMEC reached 57.823%.
MARFIN INVESTMENT GROUP HOLDINGS SA : Share Buy-Back
In accordance with article 4, par. 4 of Regulation 2273/2003 of the Committee of European Union, "MARFIN INVESTMENT GROUP HOLDINGS S.A." announces that following the resolution of the Extraordinary Annual General Meeting of the Shareholders dated July 25, 2007 and the Board of Directors' resolution dated July 31, 2007, and in accordance with article 16 par. 5 of L.2190/1920, during the trading session of 09.11.2007, MIG acquired 439,805 own shares through "INVESTMENT BANK OF GREECE S.A." at the average price of Euro 6.1759 per share and the total value of the transaction amounted to Euro 2,716,191.70 .
EFG EUROBANK ERGASIAS SA. : Press release
The Extraordinary General Meeting of EFG Eurobank Ergasias S.A. (the Bank) convened today approved the Board's proposal regarding payment of an interim dividend of euro 0.32 per share. The Board's proposal was based on the Group's significant profitability increase, its strong capital position and its proven capability of meeting Management's objectives for the period 2007-2010. The total interim dividend of euro 167 million is 23% higher that the total interim dividend paid in 2006. The ex-right date of the interim dividend and its payment date will be determined by decision of the Bank's Board of Directors in due course.
The Extraordinary General Meeting also agreed to issue 170,000 bonus shares to Group employees who contribute through their personal and team effort to the Bank's growth.
The proposal of the Bank's Board to give Shareholders the option to receive the interim dividend, at their discretion, either in cash or in shares will be discussed, in the absence of the required quorum at today' s meeting at the Repeat Extraordinary General Meeting convened for Wednesday, 21 November 2007.
ATTICA HOLDINGS S.A. : Announcement of regulated information according to law 3556/2007
Attica Holdings S.A. announces, that according to L. 3556/2007 (art. 3 and art. 21) in combination with the resolution of the Hellenic Capital Market Commission 1/434/3.7.2007 (Art.11), Mr. Yannis Criticos, Vice-Chairman of the company sold 300 ordinary shares of Attica Group of total value Euro 1,638 on November 8th,2007.
EUROBANK PROPERTIES REIC : Announcement for subscription price for the rights offering in cash set at 9 euro per share
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
On 9.11.2007, the Board of Directors of the Eurobank Properties R.E.I.C. (the ''Company'') resolved as follows:
Further to the relevant authorisation granted by the resolution of the Extraordinary General Meeting of shareholders dated 3.9.2007 to the Company's Board of Directors to determine the Subscription Price for the new shares in connection with the rights offering in cash by euro 77,958,000 through the issue of 36,600,000 new common registered shares of nominal value of euro 2.13 each (the ''New Shares'') to existing shareholders at a ratio of 3 New Shares for every 2 shares held, the Board of Directors resolved and announces the following:
(a) The Subscription Price for the New Shares (excluding the New Shares that may be placed in the Private Placement, which will be determined at a later stage and may be higher) will be euro 9.
(b) Following the rights offering in cash, and assuming the New Shares are fully subscribed, the Company's share capital will amount to 129,930,000 Euro, divided into 61,000,000 shares, of nominal value of euro 2.13 each. The total proceeds from the rights offering are expected to amount to 329,400,000 Euro. The total excess above par value proceeds from the New Shares will be credited to the ''Share Premium Account''.
(c) The Ex-Rights date, the period during which Rights may be exercised and the period during which the Rights will trade on the Athens Exchange will be determined by the Company's Board of Directors and will be notified to the shareholders through a subsequent announcement.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
ALAPIS S.A : Announcement
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO US PERSONS OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
Alapis Holding Industrial and Commercial S.A. (the "Company") announces that Mr. Lavrentis Lavrentiadis, Chairman of the Board of Directors of the Company, informed the Company of the sale of 32,099,052 ordinary shares owned by him and representing approximately 3.27% of the Company's share capital and voting rights (the "Shares") to "qualified investors" (as defined in the E.U. Directive 2003/71/EC and Greek Law 3401/2005) and other "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended) (together the "Investors") , in response to reverse enquiries from Investors . The Shares were sold at a price of Eurï 2.42 per Share through a placement by Deutsche Bank AG, London Branch ("Deutsche Bank") and Sal. Oppenheim jr. & Cie. KGaA ("Sal Oppenheim"), acting as Joint Bookrunners.
Deutsche Bank and Sal Oppenheim temporarily lifted the lock-up restrictions agreed with Mr. Lavrentiadis pursuant to the subscription agreement dated 28 June 2007 relating to the Company's rights issue (the "Subscription Agreement") in light of reverse enquiries from Investors for shares of the Company and the latter's positive results for the quarter ended 30 September 2007.
Mr. Lavrentiadis has informed the Company that his remaining shares in the Company representing 29,01 % will remain subject to lock-up restrictions until 22 January 2008, in accordance with the provisions of the Subscription Agreement.
This announcement is not an offer of securities for sale in the United States or in any other jurisdiction. The shares of the Company have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of shares in the United States.
The material set forth herein is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful and, in particular, is not for release, publication or distribution in or into the United States, Australia, Canada or Japan.
No shares of the Company will be offered or sold in any Member State of the European Economic Area other than to persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"). For the purpose of this provision, the expression "Prospectus Directive" means Directive 2003/71/EC and includes any relevant implementing measure in each Member State of the European Economic Area which has implemented the Prospectus Directive.
In addition, in the United Kingdom, this announcement is directed only at Qualified Investors (i) who have professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); or (ii) who are high net worth bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order (all such persons being referred to as "relevant persons").
This announcement must not be acted on or relied on (i) in the United Kingdom, by persons who are not relevant persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, by persons who are not Qualified Investors . Any investment or investment activity to which this announcement relates is only available to (i) in the United Kingdom, relevant persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, Qualified Investors, and in either case will be engaged in only with such persons.
Any investment decision to buy shares of Company must be made solely on the basis of publicly available information regarding the Company. Such information is not the responsibility of Deutsche Bank AG, London Branch, Sal. Oppenheim jr. & Cie. KG&A or Mr. Lavrentiadis and has not been independently verified by Deutsche Bank AG, London Branch or Sal. Oppenheim jr. & Cie. KG&A.
Forward Looking Statements
All statements contained in this announcement other than statements of historical fact are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein.
HELLENIC TELECOM. ORG. : Announcement for the submission of a voluntary tender offer to acquire all common shares of COSMOTE - MOBILE TELECOMMUNICATIONS S.A
1. The Greek sociaty anonyme under the corporate name "HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A." with Corporate Registration Number 347/06/Â/86/086 and registered seat at the Municipality of Maroussi having its registered office at 99, Kifissias Avenue (the "Offeror"), announces the submission of a voluntary tender offer (the "Tender Offer") to acquire all common shares of the sociaty anonyme under the name "COSMOTE - MOBILE TELECOMMUNICATIONS S.A.", with Corporate Registration Number 36.581/06/Â/96/102 and registered seat in Maroussi of Attica (99, Kifissias Avenue), (the "Target Company"), in accordance with the provisions of Law 3461/2006 (the "Law").
2. Merrill Lynch International, which is incorporated and operating under English Law (corporate registration number 2312079) and has its registered office at 2, King Edward Street, London EC1A1HQ London, United Kingdom, is acting as the Offeror's advisor (in accordance with article 12 of L. 3461/2006) (the "Advisor"). The Advisor is an investment services firm regulated by the Financial Services Authority in the United Kingdom and may provide in Greece the investment services set forth in article 2, para. 1(d) of Law 2396/1996.
3. As at the date of this announcement, the Target Company's share capital amounts to euro 157,347,634.00 divided into 334,782,200 common registered shares, with nominal value of euro 0.47 each (the "Shares"). The Target Company's share capital is fully paid-up and the Shares are listed on the Securities Market of the Athens Exchange (the "ATHEX") and currently traded on the Big Capitalisation category thereof. The Shares are also listed and traded on the London Stock Exchange ("LSE") in the form of Global Depositary Receipts ("GDRs").
4. As at the date of this announcement, the Offeror holds directly 225,310,294 and indirectly 1,776,647 Shares, namely in aggregate 227,086,941 Shares, which represent approximately 67.83% of the Target Company's total paid up share capital and voting rights.
5. As at the date of this announcement, the Tender Offer is for 107,695,259 Shares, representing approximately 32.17% of the aggregate paid up share capital and the voting rights of the Target Company (the "Tender Offer Shares").
6. The consideration that the Offeror offers per Tender Offer Share which will be validly tendered during the acceptance period of the Tender Offer (the "Acceptance Period"), is euro 26.25 in cash (the "Offer Price"). The Offer Price is higher by:
12.5% from the average stock market price of the last quarter,
13.8% from the average stock market price of the last semester,
14.4% from the average stock market price of the last nine-month period,
15.2% from the average stock market price of the last year.
The Offeror will also assume the 0.08% clearance duties in favor of the Hellenic Exchanges S.A., Holding, Clearing, Settlement and Registry ("HELEX"), which would otherwise be payable by the Target Company's shareholders who validly accept the Tender Offer (the "Accepting Shareholders") in connection with the registration of the off-exchange transfer of the tendered Shares to the Offeror, pursuant to Article 41 of the Dematerialized Securities Stock Exchange Transactions Clearing and Settlement Regulation and Article 7, paragraph 3 of the decision 153/18.12.2006 of the Board of Directors of HELEX. Therefore, Accepting Shareholders will receive the Offer Price free from such duties.
Merrill Lynch International Bank Limited London Branch has certified that the Offeror has the necessary wherewithal to pay the Offer Price and the above duties. However, Merrill Lynch International Bank Limited London Branch provides no guarantee, within the meaning of article 847 of the Greek Civil Code, for the performance of the payment and other obligations undertaken by the Offeror under the Tender Offer.
7. If, following the end of the acceptance period of the Tender Offer (the "Acceptance Period"), the Offeror holds, directly and indirectly, less than 90% of the total voting rights in the Target Company, the Offeror intends to merge with the Target Company by absorbing the latter.
8. If, after the end of the Acceptance Period, the Offeror holds, directly and indirectly, Shares that represent at least 90% of the total voting rights of the Target Company: the Offeror:
(a) will exercise the right to require the transfer to it of all remaining Shares at a price per Share equal to the Offer Price, in accordance to article 27 of the Law (Squeeze Out Right), and
(b) has the obligation to acquire through transactions on the ATHEX all the Shares which will be offered to it within a period of three (3) months from the publication of the results of the Tender Offer, against payment in cash of the Offer Price, in accordance with article 28 of the Law (Sell-out Right). Subsequently, the Offeror intends to convene a general meeting of the Target Company's shareholders with the item of the agenda being the delisting of the Shares from ATHEX. Similarly, the Offeror shall seek the delisting of the GDRs from the LSE.
9. As of the date of this announcement and until the last day of the Acceptance Period, the Offeror intends to acquire itself Shares through the market or otherwise at a price per Share not exceeding the Offer Price. Such purchases, which will be made outside the United States of America, will be notified to the CMC and published in the Daily Official List of ATHEX within three trading days from the relevant trades, in accordance with article 24, para. 2 of the Law, in conjunction with Law 3556/2007. Moreover, the Advisor, which does not "act in concert" (as defined in Article 2
(e) of the Law) with the Offeror, does not intend to act on behalf of, for the benefit of or otherwise in co-operation with the Offeror in the purchase of Shares from the date of this announcement until the end of the Acceptance Period. The Advisor may, however, purchase or sell Shares as a direct or indirect result of normal course of conduct third party client facilitation activities, from the date of this announcement until the end of the Acceptance Period. The Advisor has not entered into an agreement or other arrangement with the Offeror to tender or sell to the Offeror any Shares so purchased or in connection with the exercise of the voting rights attached thereto. 10. As required by the Law, the Offeror has commenced the process of the Tender Offer by informing the Hellenic Capital Market Commission and the Board of Directors of the Target Company and submitting to them a draft of the Information Circular, in accordance to article 10, par. 1 of the Law. 11. The Tender Offer is subject to the approval of the Information Circular from the Hellenic Capital Market Commission (which will include all the terms of the Tender Offer) and the Tender Offer's completion is not subject to any conditions, in accordance with article 22 of the Law.
Important Notice
1. The Tender Offer is only being addressed to the persons to whom it may lawfully be addressed. Accordingly, the Tender Offer is not addressed and no copy of the current announcement, including any kind of relevant documents or materials, is allowed to be posted, forwarded, distributed or sent from anyone (including nominees, custodians or trustees) within, from or towards any country, excluding Greece, where the submission or the acceptance of the Tender Offer or the distribution of information about the Tender Offer is prohibited or is subject to restrictions (each such country an "Excluded Territory") nor towards citizens of the Excluded Territories, nor towards any person which is subject to the laws or jurisdiction of an Excluded Territory.
2. The Tender Offer does not take place nor will take place, directly or indirectly, within or towards, by post or by any other mean or way (including facsimile, email, phone and the internet) of the interstate or foreign trade or through national, state or other exchanges of all Excluded Territories, and the Tender Offer may not be validly accepted through the aforementioned means or ways or through any other way or mean from or within all Excluded Territories. Accordingly, copies of the current announcement and/or any other relevant document or material will not and must not be posted, forwarded, distributed or sent by any mean or way, directly or indirectly, towards, within or from any Excluded Territory and any person that might receive that kind of documents or materials (including nominees, custodians or trustees) is obliged not to forward, distribute, send or post towards, within or from any Excluded Territory and not to use any of the aforementioned means or ways in connection to the Tender Offer.
3. The Tender Offer is not addressed to any Shareholder who is subject to the laws or jurisdiction of any Excluded Territory. Through the acceptance of the Tended Offer any Accepting Shareholder declares and warrants that he is not subject to, for any reason, to the laws or jurisdiction of any Excluded Territory.