 |
|
| Listed Companies' Press Releases |
 |
|
Press Search |
Monthly Press
|
|
| 20/03/2008 |
EFG EUROBANK ERGASIAS SA.
GEK GROUP OF COMPANIES S.A.
GEK GROUP OF COMPANIES S.A.
PUBLIC POWER CORPORATION SA
HELLENIC TELECOM. ORG.
J. & P. - AVAX S.A.
DRUCKFARBEN HELLAS SA
TITAN CEMENT COMPANY S.A.
MARFIN EGNATIA BANK
A. KALPINIS - N. SIMOS Steel Service Center
COCA-COLA Å.Å.Å. S.A.
BABIS VOVOS INTERNATIONAL TECHNICAL S.A.
IASO S.A.
MYTILINEOS HOLDINGS S.A.
THESSALONIKI WATER AND SEWAGE COMPANY SA
S & B INDUSTRIAL MINERALS S.A.
AS COMPANY S.A.
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
LAMDA DEVELOPMENT S.A.
THESSALONIKI PORT AUTHORITY S.A.
C. CARDASSILARIS & SONS - CARDICO S.A.
MOTOR OIL (HELLAS) CORINTH REFINERIES SA
EUROBANK PROPERTIES REIC
ELLÉNIÊÉ TECHNODOMIKI TEB S.A.
SINGULARLOGIC S.A.
BLUE STAR MARITIME S.A.
PIRAEUS BANK S.A.
HELLENIC PETROLEUM S.A.
PIRAEUS BANK S.A.
PROTON BANK S.A.
M. J. MAILLIS S.A.
AGRICULTURAL BANK OF GREECE S.A.
ANEK LINES S.A.
BANÊ OF CYPRUS PUBLIC COMPANY LTD
BANÊ OF CYPRUS PUBLIC COMPANY LTD
ELLÉNIÊÉ TECHNODOMIKI TEB S.A.
TERNA S.A.
GEK GROUP OF COMPANIES S.A.
TERNA ENERGY S.A.
VIVARTIA S.A.
HELLENIC TELECOM. ORG.
TECHNICAL OLYMPIC S.A.
MICHANIKI S.A.
FOLLI - FOLLIE S.A.
ATTICA HOLDINGS S.A.
GR. SARANTIS S.A.
SPRIDER STORES S.A
ASPIS BANK S.A.
INTRALOT S.A.
|
|
EFG EUROBANK ERGASIAS SA. : ANNOUNCEMENT RELATING TO THE DRAFT AMENDMENT OF THE ARTICLES OF ASSOCIATION
|
EFG Eurobank Ergasias S.A. announces, in accordance with article 19 par. 2 of l. 3556/2007, that it proposes to amend article 5 of its Articles of Association by Resolution of the Bank?s Ordinary General Shareholders Meeting which will convene on Tuesday, 8 April, 2008, at 10 a.m., at Hotel Grande Bretagne, Constitution Square, Athens, or should the quorum required by law not be achieved, at the Repeat Ordinary General Meeting that will take place on Monday, 21 April 2008, at 10 a.m., at Bodossaki Foundation Building (conference room John S. Latsis), 20 Amalias Av., Athens, or any adjournment thereof. The amendment should be read in conjunction with the summary of issues for the General Meeting which has been posted on the Bank's website www.eurobank.gr.
The new articles of the Articles of Association are set out here.
|
|
GEK GROUP OF COMPANIES S.A. : Announcement of regulated information according to 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. George Peristeris, shareholder and Chairman of the Board of Directors of the Company (Obligated Person, according to article 13 of Law 3340), proceeded to the purchase of 2.000 common nominal shares on 19/3/2008, of total value of 13.760,00 euro.
|
|
GEK GROUP OF COMPANIES S.A. : Announcement according to 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 1.900 common nominal shares on 19/3/2008, of total value of 13.018,00 euro. |
|
PUBLIC POWER CORPORATION SA : Announcement
|
| Financial results for the year 2007 of Public Power Corporation S.A. will be released on March 27, 2008, before the opening of the Athens Stock Exchange trading session. |
|
HELLENIC TELECOM. ORG. : OTE GROUP REPORTS 2007 FOURTH QUARTER RESULTS
|
| OTE GROUP REPORTS 2007 FOURTH QUARTER RESULTS |
|
J. & P. - AVAX S.A. : Financial Schedule 2008
|
In accordance with article 292, of the Athens Stock Exchange Regulation, concerning companies with shares listed in the Large Capitalization Category, and as regards to the Corporate Actions Schedule, J&P-AVAX S.A. informs you the following:
a) the announcement of the 2007 Annual Financial Results, will take place on Monday, March 31st , 2008.
b) The annual briefing of Analysts with regard to the 2007 Annual Financial Results, will take place on Thursday April 03rd, 2008.
c) The company's Annual Shareholders Meeting will take place, on Thursday ,June 26th 2008.
d) Shares will trade ex-dividend on Monday, June 30 2008. The last cum-dividend date is on Friday, June 27th 2008.
e) The payment of the dividend for fiscal year 2007, will commence on Monday, July 7th 2008. Details will be provided in a future press release. |
|
DRUCKFARBEN HELLAS SA : Announcement according to the Law 3556/2007
|
| DRUCKFARBEN HELLAS SA, áccording to the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, announces that on Tuesday, March 18th 2008 Mr George Caravasilis, Chairman and CEO of DRUCKFARBEN, bought 1,000 common shares, with total value of euro 2,925.40 |
|
TITAN CEMENT COMPANY S.A. : Announcement pursuant to Law 3556/2007
|
| Titan Cement Co. S.A. announces pursuant to Law 3556/2007 and Decision 1/434/03.7.2007 of the Hellenic Capital Market Commission and after relevant notification pursuant to article 13 of Law 3340/2005, that Mr. Andreas L. Canellopoulos, Chairman of the Company's Board of Directors, purchased on 17 and 18 March 2008, 2,000 and 1,000 common shares of our Company of a total value of euro 50,980.00 and euro 25,500.00 respectively .
|
|
MARFIN EGNATIA BANK : Announcement pursuant to Law 3556/2007
|
| MARFIN EGNATIA BANK S.A. announces that according to the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission that on March 19, 2008, MARFIN POPULAR BANK PUBLIC CO LTD, which is closely associated to Mr. Andreas Vgenopoulos, an Executive Member of the Board of Directors of MARFIN EGNATIA BANK, bought 4,495 common shares of the Bank, with total net value of Euro 23,642.24.
|
|
A. KALPINIS - N. SIMOS Steel Service Center : IR RELEASE FY 2007
|
| IR RELEASE FY 2007 |
|
COCA-COLA Å.Å.Å. S.A. : Coca-Cola Hellenic announces increase in 2007 dividend
|
Coca-Cola Hellenic Bottling Company S.A. Announces increase in 2007 dividend
Athens, Greece - 20 March 2008 - Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic, Hellenic) announces that its Board of Directors will be proposing a dividend for 2007 of ?0.25 per share at the Annual General Meeting of its shareholders scheduled to be held on Monday 23 June 2008 in Athens, Greece.
Doros Constantinou, Managing Director of Coca-Cola Hellenic, commented:
"We are pleased to propose a significant increase of 17% to our dividend payment in 2007, reflecting management's ongoing confidence in the strength of our proven business model to deliver superior returns to our shareowners."
The record date for the dividend payment will be Tuesday 24 June 2008. Starting Wednesday 25 June 2008, shares will be trading on the Athens Stock Exchange ex-dividend. The payment of the dividend will commence on Thursday 3 July 2008.
INQUIRIES
Company contacts:
Coca-Cola Hellenic
Melina Androutsopoulou
Investor Relations Director Tel: +30 210 618 3229
email: melina.androutsopoulou@cchellenic.com
George Toulantas
Investor Relations Manager Tel: +30 210 618 3255
email : george.toulantas@cchellenic.com
European press contact:
Financial Dynamics London
Greg Quine
Tel: +44 20 7269 7206
email: greg.quine@fd.com
US press contact:
Financial Dynamics US
Jim Olecki Tel: +1 212 850 5600
email: jim.olecki@fd.com
Coca-Cola Hellenic's website is located at www.coca-colahellenic.com.
Coca-Cola Hellenic is one of the world's largest bottlers of products of The Coca-Cola Company and has operations in 28 countries serving a population of around 550 million people. Coca-Cola Hellenic's shares are listed on the Athens Exchange (ATHEX: EEEK), with secondary listings on the London (LSE: CCB) and Australian (ASX: CHB) Stock Exchanges. Coca-Cola Hellenic's American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH). |
|
BABIS VOVOS INTERNATIONAL TECHNICAL S.A. : Announcement according to law 3556/2007
|
| 'Babis Vovos International Construction S.A.' announces, under the rule of law 3556/2007 and the decision 1/434/03.07.2007 of the Capital Markets Commission of Greece, that Mr. Charalampos Vovos, Chairman of the Board of Directors of BVIC, purchased 11,000 BVIC shares at euro 19.73 per share or euro 217,065.74 in total on 18 March 2008. |
|
IASO S.A. : Press Release - Financial Results for the fiscal year of 2007 (Correct Announcement)
|
Group turnover increased by 18%.
Group Earnings After Taxes & Minorities Interests increased by 52.2%.
IASO General 2007 EBITDA posted an increase of 379.8%.
The positive growth of MedStem continues with an increase in, turnover of 43.7% and in earnings after taxes of 47.1%.
The IASO group turnover for the fiscal year 2007 reached the amount of euro 169.8 mil. showing an increase of 18%. The consolidated EBITDA reached the amount of euro 44.7 mil. presenting an increase of 32.1%, while the EBITDA margin increased by 281 basis points compared with the same period last year. Earnings Before Taxes amounted to euro33.5 mil. presenting an increase of 38.5%, while Earnings After Taxes & Minorities Interests reached the amount of euro20.4 mil. posting an increase of 52.2%.
More specifically:
IASO S.A.: Constant increase of parent company Results.
The company revenues reached the amount of euro 101.0 mil. posting an increase of 13.8% compared with the same period last year. The revenue increase is attributed to the following: (i) the increase of inpatients and outpatients patients by 4.6% and 8.8% respectively and (ii) the increase of the average revenue per patient by 4.9%. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro36.9 mil. presenting an increase of 16.8%, while the EBITDA margin reached the level of 36.52% posting an increase of 94 basis points compared with the same period last year. Net profits after tax and minorities interests were recorded at euro21.9 mil. posting an increase of 8.5%. The lag between net profits and EBITDA is explained by (i) the increase in financial expenses by euro1.23 mil. (+177%) and (ii) the additional taxes and penalties of euro1.58 mil. that were imposed by the Tax Audit Authorities, on the company for the fiscal years 2003 through to 2005. The company's Bank Net Debt (Bank Debt minus Cash & Cash equivalents) at the end of fiscal year 2007 reached the amount of euro46.5 mil. vs euro 4.7 mil. at the end of f.y. 2006.
IASO General S.A.: Significant increase in Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) (+379,8%).
Iaso General revenues were recorded at euro 64.5 mil. presenting an increase of +23.5% vs. last year's figures. The increase in the revenues is attributed to the increase in, IN and Outpatients' by 23.5% and 29.8% respectively. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro6.92 mil. being 4.8 times higher compared with the same period of the previous year. Furthermore the EBITDA margin reached the level of 10.7% posting an increase of 797 basis points compared with the same period last year. Pre-tax profits reached euro0.11 mil. vs losses euro5.15 mil. in Fiscal Year 2006. As far as Loss After Taxes is concerned, the picture is also improved showing a decrease in Losses by euro 5.30 mil, showing Losses of euro 2,36 (due to deferred taxation and tax audit) vs Losses of euro7.66 mil. of the previous year.
MedStem Services S.A.: The positive growth continues.
MedStem revenues recorded an increase of 43.7%, compared with the same period last year, reaching the amount of euro4.6 mil. The revenue increase is mainly attributed to the increase of the stored stem cell units by 44.3% this is a fact showing the ever growing recognition of the need to store the stem cells and the acceptance of this method by the new couples. The Earnings before Interest, Taxes, Depreciation & Amortization reached the amount of euro1.37 mil. posting an increase of 29.6%. Earnings After Taxes reached the amount of euro0.98 mil. presenting an increase of 47.1%.
The annual financial statements of the fiscal year 2007 will be published on Friday March 28th 2008, in the daily press as well as at the sites of Athens Exchange (www.ase.gr) and IASO (www.iaso.gr).
|
|
MYTILINEOS HOLDINGS S.A. : Announcement of Acquisition of owned Shares
|
The company under the name "MYTILINEOS SA.-GROUP OF COMPANIES" hereby announces that, pursuant to law 2190/1920 nr. 16, as in force, and further to relevant decisions of the Extraordinary General Meeting of its shareholders of 07.12.2007 and its Board of Directors (meeting of 07.12.2007), and also in implementation of article 4, para. 4 of regulation nr. 2273/2003 of the EC Committee, it proceeded to the acquisition of owned shares through the stock exchange member ?NATIONAL P&K Securities SA..? as follows:
1. On 19.03.2008, the Company acquired 104.066 shares of a total value of euros 811,671.13 at an average acquisition price of euros 7.80 per share.
|
|
THESSALONIKI WATER AND SEWAGE COMPANY SA : Announcement of adjusted information L.3556/2007
|
| The WATER SUPPLY AND SEWERAGE COMPANY OF THESSALONIKI S.A., according to the provisions of L. 3556/2007 (articles 3 (xvi), (ââ) and article 21), in combination with the provision of article 11 of the 1/434/3.7.2007 decision of the Stock Market Committee, announces that Mr. Laskaridis Ioannis of Leonidas, General Manager, proceeded on the 19/3/2008 with the purchase of 500 common nominal stocks of the Company, of 2.460, 00 Euro total value.
|
|
S & B INDUSTRIAL MINERALS S.A. : Announcement pursuant to Law 3556/2007
|
| S&B Industrial Minerals 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 Mrs Kyriacopoulos Aikaterini purchased on 19/3/2008, 3.000 common shares of our company of a total value of Euro 28.141.
This transaction has been duly acknowledged to the Company pursuant to article 13 of Law 3340/2005 by Mrs Aikaterini Kyriacopoulos, under her capacity as Honorary Chairman of the Board of Directors. |
|
AS COMPANY S.A. : 2007 Financial Statement Results
|
| AS Company S.A. announces that its 2007 Fiscal Year Results will be published on Friday March 21st 2008. The same day the financial statements will also be available on the Athens Stock Exchange website (www.ase.gr) and on our company website www.ascompany.gr. |
|
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Announcement of regulated information according to Law 3556/2007
|
| SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS S.A. announces that, pursuant to Law 3556/2007 (articles 3 and 21) combined with article 11 of decision 1/434/03.07.2007 of the Capital Market Commission, Mr John Rigas (President & Managing Director of the Board of Directors of the Company and person obliged to disclose such information based on article 13 of Law 3340/2005), notified the company that Z.MAN CYPRUS LIMITED, (a legal entity related to Mr John Rigas) bought on 18.03.2008 11.000 common registered shares of "SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS S.A" at a total value of ? 10.313,08.
|
|
LAMDA DEVELOPMENT S.A. : Announcement
|
In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. ("the Company") announces that according to Company Law 2190/1920, article 16, par. 5, and following the decision of the Annual General Meeting of the Shareholders of the Company dated May 24, 2007 and the Board of Directors' resolution dated August 2, 2007 purchased own shares through the Athens Exchange Member National Securities, as follows:
On March 13, 2008 the Company purchased 2.200 shares, with average cost price euro 10,11 per share and total purchase price euro 22.236,00
On March 14, 2008 the Company purchased 700 shares, with average cost price euro 10,12 per share and total purchase price euro 7.084,00
On March 17, 2008 the Company purchased 4.069 shares, with average cost price euro 10,00 per share and total purchase price euro 40.687,24
On March 18, 2008 the Company purchased 3.950 shares, with average cost price euro 9,89 per share and total purchase price euro 39.050,00
On March 19, 2008 the Company purchased 4.408 shares, with average cost price euro 9,76 per share and total purchase price euro 43.022,96
|
|
THESSALONIKI PORT AUTHORITY S.A. : Financial Calendar for the year 2008 - Updated Version
|
Thessaloniki Port Authority sa announces the financial calendar for the year 2008 :
1) The financial statements of Thpa sa, for the corporate use 2007, will be published on March 31, 2008.
2) Presentation of the company's financial results to analysts on May 23, 2008, at the Company's Board of Directors conference room at the Pier 1.
3) Convene the Shareholders General Annual Meeting on June 20, 2008.
4) Trade the share ex-dividend on July 18, 2008. Entitled to the dividend are company shareholders at the close of the stock exchange on July 17/7/2008.
5) Commence payment of the annual dividend for the year 2007, on July 28, 2008. Dividend payment will be carried out through credit institution. The company will issue a newer announcement on the dividend payment procedure.
|
|
C. CARDASSILARIS & SONS - CARDICO S.A. : Announcement of regulated information of L 3556/2007
|
| The Company "CON. CARDASSILARIS & SONS S.A CARDICO", in accordance with the provisions of Law 3556/2007 and in combination with 1/434/3.7.2007 Decision of the Hellenic Capital Market Committee announces that, Mr. Íikïò Cardassilaris , Chairman of Board of Directors of the Company , (obliged person according to article 13 of Law 3340/2005) proceeded on 19/03/2008, on the purchase of 5.000 company's common registered shares, of total value of 5.472,00 euro. |
|
MOTOR OIL (HELLAS) CORINTH REFINERIES SA : Year 2007 Information Bulletin.
|
| It is announced that the information bulletin which refers to the announcements made by the Company during the year 2007, and which was compiled in the context of article 10 of the Law 3401/2005, is available at its site www.moh.gr at the option Investor Relations / Annual Report. |
|
EUROBANK PROPERTIES REIC : Announcement
|
Following our announcement dated 18th March 2008 in the Daily Official List of ATHEX, we inform you that in its report dated 6th August 2007, which was published pursuant to articles 9 of L. 3016/02 and 289 of the Athens Exchange Regulation, the Board of Directors of EUROBANK PROPERTIES REAL ESTATE INVESTMENT COMPANY S.A. (the "Company") stated that the individual investments to which the Company will proceed by utilising the proceeds from the share capital increase as decided by the Extraordinary General Assembly of 3rd September 2007 and 15th October 2007 have not yet been fully determined in relation to specific properties. However, the Company's strategy regarding the use of proceeds remains as follows: "The Company intends to use the proceeds for the acquisition of high quality office, retail, logistics and industrial spaces, in prime or potentially prime locations both in Greece and in CEE, in order to lease them to corporate tenants in accordance with its investment strategy and in compliance with applicable laws". In the aforementioned report, the Company's Board of Directors committed itself to provide the information required (pursuant to article 289 of the ATHEX Regulation) upon the realisation of the relevant investments and to comply with all its regulatory obligations.
In this context, the Company announces a further step in the materialisation of its investment plan via the acquisition, on 15 March 2008, of a retail property of total surface area 543.10 sqm, for a consideration of approximately USD 8.6 million. The acquisition will be financed by the funds which were raised from the share capital increase which took place during December 2007.
The property is located at 66-68, Chevonoarmiyska str., Kiev, Ukraine, and will be leased to Universal Bank, member of the EFG Eurobank Ergasias S.A. Group. The market value of the property is approximately USD 9.0 million as valued by the Body of Charted Valuers (SOE).
It is noted that the Company has also published a relevant press release, as required by law. |
|
ELLÉNIÊÉ TECHNODOMIKI TEB S.A. : Announcement of adjustable information based on Law 3556/2007
|
ELLINIKI TECHNODOMIKI TEB S.A. discloses the following:
1. Leonidas Bobolas, Managing Director of the company ELLINIKI TECHNODOMIKI TEB S.A. (bound person according to article 13 of Law 3340/2005), in accordance with the provisions of Law 3556/2007 (articles 3 (16), (bb) and 21), in combination with the provision of article 11 of Decision No. 1/434/3.7.2007 of the Hellenic Capital Market Commission, announces that he proceeded to the purchase of 10,010 common registered shares of the Company on 19.03.2008, with a total net value of Euro 76,476.20, a transaction that was disclosed on us in accordance with article 13 of Law 3340/2005.
2. Koutras Dimitrios, Member of the Board of Directors of the company ELLINIKI TECHNODOMIKI TEB S.A. (bound person according to article 13 of Law 3340/2005), in accordance with the provisions of Law 3556/2007 (articles 3 (16), (bb) and 21), in combination with the provision of article 11 of Decision No. 1/434/3.7.2007 of the Hellenic Capital Market Commission, announces that he proceeded to the purchase of 31,000 common registered shares of the Company on 19.03.2008, with a total net value of Euro 237,360.00, a transaction that was disclosed on us in accordance with article 13 of Law 3340/2005.
|
|
SINGULARLOGIC S.A. : Notification of transaction by persons under the obligation stipulated in article 13 of Law 3340/2005
|
SingularLogic S.A. announces in accordance to Law 3356/2007, Decision 1/434/03.07.2007 of CMC and Law 3340/2005 (article 13) that Marfin Investment Group (legal connected entity which is connected with person who exercises executive duties, Mr.Ioannis Karakadas Chairman and Managing Director, obliged to notify according to article 13 of Law 3340/2005), acquired on 19/03/2008, 14.669 common shares, with a total value of 32.259,33 euro.
Note: This announcement is regulated information in accordance to Law 3356/2007 and published in accordance to 1/434/3.7.2007 decision of the Hellenic Capital Market Commission. |
|
BLUE STAR MARITIME S.A. : Announcement of Regulated Information according to Law 3556/2007
|
| Blue Star Maritime S.A. (the Company), pursuant to the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, announces that "MARFIN INVESTMENT GROUP HOLDINGS S.A.", which is closely associated to the Director, Independent, Non-Executive member of the Board of Directors Mr. Alexander Edipidis, bought 6,200 ordinary shares of the Company of total value Euro 18,264.51 on 19th March, 2008. |
|
PIRAEUS BANK S.A. : NOTIFICATION OF IMPORTANT CHANGES CONCERNING THE VOTING RIGHTS DERIVING FROM SHARES UNDER L.3556/2007
|
Pursuant to the provisions of L. 3556/2007, with respect to the voting rights attached to shares, Piraeus Bank S.A. hereby informs investors on the following:
-The identity of the issuer of shares carrying voting rights is Piraeus Bank S.A.
-The reason for this notification is the acquisition of voting rights.
-Mr Georgios Liakopoulos is under the obligation to make this notification.
-The transaction date on which a change in voting rights occurred is the 17th of March 2008.
-The threshold crossed by the person subject to the notification obligation is 5%.
Notified details:
- The ISIN CODE is GRS014013007
- The voting rights attached to shares prior the triggering transaction are as following:
A. The total number of voting rights is less than the minimum limit.
B. The total percentage of the voting rights is less than the minimum limit.
- The voting rights attached to shares following the triggering transaction are as following:
Á. The total number of shares amounts to 121.767 (directly).
B. The total number of voting rights amounts to 15.312 (directly) and 28.785.476 (indirectly).
C. The total percentage of the voting rights amounts to 0,00451% (directly) and 8,48632% (indirectly).
Mr Georgios Liakopoulos will stop acquiring 28.785.476 voting rights on 04.04.2008.
The aforesaid 28.785.476 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting of 03/04/2008, are identical to the voting rights held by the obligor Mr. Konstantinos Liapis, given that they can be exercised separately by either of the two obligors.
|
|
HELLENIC PETROLEUM S.A. : Sale of the remaining common nominal shares in Hellenic Petroleum S.A..
|
SALE OF THE REMAINING COMMON NOMINAL SHARES IN HELLENIC PETROLEUM S.A.
(SHARES NOT DEPOSITED FOR DEMATERIALIZATION AND SHARES ORIGINATING FROM COMPANY ACTS).
HELLENIC PETROLEUM S.A., following its announcement dated 21/2/2008 and pursuant to Decision 116/18.3.2008 taken by the Capital Market Committee's Chairman, informs the investment community that the starting date of 26 March 2008 has been selected for the sale of the remaining common nominal shares not sold during the period from 20/12/2007 to 19/2/2008.
It is noted that the number of remaining common nominal shares (shares not deposited for dematerialization, as well as shares originating from company acts and issued in an intangible form in favour of the beneficiaries of tangible nominal shares), which were not sold during the above-mentioned period, amounts to 304,917 shares.
The sale shall be carried out according to the procedure laid down by Decision 1/380/4.5.2006 passed by the Capital Market Committee's Board of Directors and article 99a of the Athens Stock Exchange Regulations.
Eurobank EFG ASSET MANAGEMENT Á.Å.Ð.Å.Õ. has been appointed as the competent member of the Athens Stock Exchange to carry out the sale of these shares.
The results of the sale shall be announced to shareholders by the means provided for by article 18 of law 3371/2005.
The net revenue from the sale, following the deduction of any costs and taxes, shall be deposited in favour of the beneficiaries at the Deposits and Loans Fund.
For further information, shareholders may contact the Share Register Department of Hellenic Petroleum S.A., 199, Kifissias Avenue 151 24, Maroussi (tel. 210 876 7862 to 876 7865, fax 210 876 7993).
|
|
PIRAEUS BANK S.A. : NOTIFICATION OF IMPORTANT CHANGES CONCERNING THE VOTING RIGHTS DERIVING FROM SHARES UNDER L.3556/2007
|
Pursuant to the provisions of L. 3556/2007, with respect to the voting rights attached to shares, Piraeus Bank S.A. hereby informs investors on the following:
-The identity of the issuer of shares carrying voting rights is Piraeus Bank S.A.
-The reason for this notification is the acquisition of voting rights.
-Mr Konstantinos Liapis is under the obligation to make this notification.
-The transaction date on which a change in voting rights occurred is the 17th of March 2008.
-The threshold crossed by the person subject to the notification obligation is 5%.
Notified details:
- The ISIN CODE is GRS014013007
- The voting rights attached to shares prior the triggering transaction are as following:
A. The total number of voting rights is less than the minimum limit.
B. The total percentage of the voting rights is less than the minimum limit.
- The voting rights attached to shares following the triggering transaction are as following:
Á. The total number of shares amounts to 71.398 (directly).
B. The total number of voting rights amounts to 2.848 (directly) and 28.785.476 (indirectly).
C. The total percentage of the voting rights amounts to 0,00084% (directly) and 8,48632% (indirectly).
Mr Konstantinos Liapis will stop acquiring 28.785.476 voting rights on 04.04.2008.
The aforesaid 28.785.476 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting of 03/04/2008 are identical to the voting rights held by the obligor Mr. Georgios Liakopoulos, given that they can be exercised separately by either of the two obligors.
|
|
PROTON BANK S.A. : Notification of information as per L.3556/2007
|
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 the Capital Markets Commission, Proton Bank reports that Mr. Antonios Athanassoglou (person obliged to notify pursuant to article 13 of L.3340/2005):
On March 18th, 2008 acquired 10,920 common registered shares of Proton Bank S.A. of a total net value of Euro 82,638.60
On March 19th, 2008 acquired 32,087 common registered shares of Proton Bank S.A. of a total net value of Euro 241,030.70 |
|
M. J. MAILLIS S.A. : Financial Calendar 2008
|
31/03/2008: Full Year 2007 Financial Results Announcement and conference call
12/05/2008: Presentation to the Association of Greek Institutional Investors - Annual Reporting to Analysts
30/05/2008: 1st Quarter 2008 Financial Results Announcement and conference call
26/06/2008: Annual Ordinary General Shareholders' Meeting
29/08/2008: 1st Half 2008 Financial Results Announcement and conference call
28/11/2008: 9 Months 2008 Financial Results Announcement and conference call
It is forecasted that no dividend will be paid for the financial year 2007
|
|
AGRICULTURAL BANK OF GREECE S.A. : ANNOUNCEMENT
|
According to article 2 of the Capital Market Commission's Decision 3/347/12-7-2005, ATEbank announces that its B.o.D, during its session on 20-03-2008, elected Mr. Dimitrios Karnavos, as a new member, replacing the resigned member Mr. Nikolaos Balios.
Furthermore, the B.o.D. decided the Bank's Audit Committee to be composed as follows:
-Revithis Sotirios Chairman
-Karnavos Dimitrios Member
-Tsagarakis Ioannis Member
|
|
ANEK LINES S.A. : Financial Calendar 2008
|
As part of its responsibilities under the Athens Stock Exchange Regulation, the management of the company ANEK SA announces the Financial Calendar for the year 2008, which consists of the following:
Announcement of the Annual Financial Results FY 2007 :Thursday 27/03/08
Conference Call ( Analyst and Investors update ) for the FY 2007 Results: Monday 21/04/08.
Annual Ordinary Shareholders Meeting : Sunday 18/05/08.
Ex-Dividend Date ( eligible to the shareholders closing the ATHEX trading session on 01/07/08 ): Wednesday 02/07/08.
FY 2007 Dividend Payment Date: Thursday 10/07/08.
Details on the payment of dividend? under article 329 of the Athens Stock Exchange Regulation will be given through an updated announcement of the Company which will be published on the Daily Official List and on the Athens Stock Exchange website. |
|
BANÊ OF CYPRUS PUBLIC COMPANY LTD : Change in the proposed dates of the final dividend
|
Further to the announcement dated 27 February 2008 concerning to the proposed final dividend, Bank of Cyprus has decided to change the proposed dates of the relevant dividend which will be submitted for approval at the Shareholders' Annual General Meeting to be held on Wednesday, 14 May 2008.
The new recommended ex-dividend date is Monday, 26 May 2008, i.e. buy transactions that take place before market close of the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) on 23 May 2008 will be eligible to the dividend. Furthermore, eligible investors will be shareholders following off the exchange transfers completed on 23 May 2008. It is noted that any transfers of securities between the Central Depository/Registry of the CSE and the Dematerialised Securities System of the Hellenic Exchanges between 23 to 28 May 2008, will be considered and the dividend will be paid according to the register on which the shares are registered on 28 May 2008.
The dividend, subject to the approval of the Annual General Meeting, will be paid to the eligible shareholders on Tuesday, 10 June 2008.
As a result of the above changes, investors are informed that, the company must receive their Application Form for Enrollment or Termination of participation in the Dividend Reinvestment Plan at least 10 days prior to the ex-dividend date, i.e. by 16 May 2008 in order for their instructions to be valid for the proposed dividend and for all future dividends. If their Application Form is not timely received, their instructions will only be effective for future dividend payments.
Founded in 1899, the Bank of Cyprus Group is the leading Cypriot banking and financial services group. In 1991, the Group established its first branch in Greece where it has been expanding rapidly since 1999. It has an established banking presence in the United Kingdom and in 2001 it expanded to Australia through a wholly owned subsidiary bank. In addition to retail and commercial banking, the Group's activities include finance, factoring, investment banking, brokerage, fund management, life and general insurance. The Group currently operates through a total of 300 branches, of which 143 operate in Cyprus, 135 in Greece, 5 in the United Kingdom, 11 in Australia, 4 in Romania, 1 in Russia and 1 in the Channel Islands. Bank of Cyprus also has representative offices in Russia, Canada and South Africa. The Bank of Cyprus Group employs 6.909 staff worldwide.
At 31 December 2007, the Group's Total Assets reached euro 31,76 bn (C£18,59 bn) and the Shareholders' Funds were
euro 1,97 bn (C£1,15 bn). The Bank of Cyprus shares are listed on the Cyprus and Athens Stock Exchanges. Additional information can be found at the Group's website www.bankofcyprus.com.
|
|
BANÊ OF CYPRUS PUBLIC COMPANY LTD : Notice of Annual General Meeting
|
Notice is hereby given that the Annual General Meeting of Bank of Cyprus Public Company Ltd ("the Company") will be held at the Bank of Cyprus Group Headquarters (51 Stassinos Street, Ayia Paraskevi, Strovolos, Nicosia, Cyprus), on Wednesday, 14 May 2008 at 4.30pm, to transact the following business:
1. To receive and consider the Directors' report and the financial statements of the Company for the year 2007 and approve the proposed dividend.
2. To elect members of the Board of Directors.
3. To fix the remuneration of the members of the Board of Directors.
4. To re-appoint the auditors and authorise the Board of Directors to fix their remuneration.
Notes:
(a) The record date for determining the right to vote at the Annual General Meeting is 2nd May 2008. Transactions which will be taking place on 5th May 2008 and thereafter will not be considered in determining the right to vote at the Annual General Meeting. Shareholders who have their shares registered on the Dematerialised Securities System of the Hellenic Exchanges, do not need to block their shares in order to vote and/or be represented at the Annual General Meeting.
(b) A member entitled to attend and vote at the Annual General Meeting, is entitled to appoint a proxy to attend and vote on his behalf. Such proxy need not be a member of the Company. The instrument appointing a proxy which has been posted on the Group's website www.bankofcyprus.com (under Inv. Relations/Press Releases), must be deposited at the registered office of the Company, 51 Stassinos Street, Ayia Paraskevi, Strovolos, 2002 Nicosia,Cyprus, fax +357 22 336258) at least 48 hours before the time of the Meeting.
(c) Shareholders and/or their proxies who are going to attend the Meeting are requested to carry with them their identity card or other proof of identification.
(d) The Board of Directors of the Company decided to propose Monday, 26 May 2008 as the ex-dividend date. The dividend, subject to the approval of the Annual General Meeting, will be paid to the eligible shareholders on Tuesday, 10 June 2008.
|
|
ELLÉNIÊÉ TECHNODOMIKI TEB S.A. : Announcement
|
ELLINIKI TECHNODOMIKI TEB S.A. informs its shareholders that after its share capital increase, due to the absorption of PANTECHNIKI S.A. according to the decisions of the Extraordinary General Meetings dated 10.12.2007, fractional balances have derived. According to article 53 of L. 3371/2005 and the decision No. 13/375/17.3.2006 of the BoD of Hellenic Capital Market Commission and in conjunction with article 99 of the new ATHEX regulation, the said fractional balances will be liquidated after the end of the six month period that law states, more specifically after 20.6.2008, and after the permission by the HCMC and the set of a member of Athens Exchange that will proceed with the liquidation. The result of the liquidation, shall be deposited to the Deposits and Loans Fund, where the shareholders (eligible persons) will collect the corresponding amount.
New announcement from the Company with the details on the date of liquidation and the completion of the whole process will follow |
|
TERNA S.A. : Financial Calendar 2008 .
|
According to the par. 1d of art. 275 and par. 2 of art. 292 of the ASE Regulation, the Company announces the corporate events calendar of the year 2008.
Announcement of Full Year 2007 Results: March 28, 2008 after market's close.
Results will be published in the Press on March 29, 2008
Annual briefing on Tuesday May 6, 2008
Annual Meeting of the Shareholders: Wednesday, June 25, 2008
Ex-Dividend date: Friday June 27, 2008
Dividend Payment date: Monday July 7, 2008
|
|
GEK GROUP OF COMPANIES S.A. : Financial Calendar 2008
|
According to the par. 1d of art. 275 and par. 2 of art. 292 of the ASE Regulation, the Company announces the corporate events calendar of the year 2008.
Announcement of Full Year 2007 Results: March 28, 2008 after market's close.
Results will be published in the Press on March 29, 2008
Annual briefing on Tuesday May 6, 2008
Annual Meeting of the Shareholders: Wednesday, June 25, 2008
Ex-Dividend date: Friday June 27, 2008
Dividend Payment date: Monday July 7, 2008
|
|
TERNA ENERGY S.A. : Financial Calendar 2008
|
According to the par. 1d of art. 275 and par. 2 of art. 292 of the ASE Regulation, the Company announces the corporate events calendar of the year 2008.
Announcement of Full Year 2007 Results: March 28, 2008 after market's close. Results will be published in the Press on March 29, 2008
Annual briefing on Tuesday May 6, 2008
Annual Meeting of the Shareholders: Monday, June 23, 2008
Ex-Dividend date: Wednesday June 25, 2008
Dividend Payment date: Thursday July 3, 2008 |
|
VIVARTIA S.A. : VIVARTIA EXPANDS INTO THE U.S. MARKET - Acquisition of the US specialty snack producer, Nonni's
|
VIVARTIA S.A. is pleased to announce the entry of its Bakery and Confectionery Division into the U.S. market with the signing of an agreement to acquire 100% of Nonni's Food Company, Inc. (Nonni's), a US-based producer of baked specialty snacks from Wind Point Partners, a private equity firm, and Nonni's management.
The total enterprise value of the acquisition, expected to be completed by April 1, 2008, is 320 million U.S. dollars.
Nonni's has a long tradition in the production of baked specialty snacks and enjoys a strong presence in the U.S. market. The company has in total six production facilities: three in New Jersey, one in Oklahoma, one in Bronx (New York) and one in Tennessee. Furthermore, the Company has a particularly strong and well developed distribution network covering a substantial part of the U.S. market
Nonni's generated turnover in 2007 of approximately $187 million and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of $32 million.
Commenting on the acquisition, the CEO of the Vivartia Group, Mr. Spyros Theodoropoulos, stated the following: ''The agreement to acquire Nonni's is, in essence, a move of strategic importance for Vivartia Group as it marks our entry into the bakery and confectionery sector of the U.S. market. The considerable experience and know-how that the company has in the sector combined with its extensive distribution network and commercial capabilities render Nonni?s the ideal platform for the expansion of Vivartia into the U.S. market. At the same time, the reorganization of operational procedures within the company will result in a considerable increase in profitability. This acquisition secures, on the one hand, the immediate entry of croissant type baked goods to be followed by other Vivartia products in the U.S. market and, on the other hand, the introduction of the broad portfolio of Nonni's quality products to markets where Vivartia is already active. This move constitutes the first in a series of steps of a strategic nature included in the Group's five year expansion and growth business plan.''
|
|
HELLENIC TELECOM. ORG. : SQUEEZE OUT PROCEDURE AND CESSATION OF TRADING
|
By virtue of its decision No. 7/466/7.3.2008, the Board of Directors of the Hellenic Capital Market Commission, approved the application of OTE S.A. for the sqeeze out of the shares of COSMOTE S.A. according to art. 27 of law 3461/2006.
The 1st of April 2008 has been determined as the day of cessation of trading of the shares of COSMOTE S.A. |
|
TECHNICAL OLYMPIC S.A. : Annoucement
|
The management of TECHNICAL OLYMPIC Group of Companies informs the investors that its subsidiary Technical Olympic USA Inc. ("TOUSA"), informed the U.S. Securities and Exchange Commission (SEC) on March 18, 2008 submitting 12b-25 Form, that TOUSA is not able to publish its FY 2007 financial results until April 1, 2008, due to the filing of voluntary petitions in the United States Bankruptcy Court seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") and the time consuming re-organization procedure. Additionally, TOUSA informed that it will release its FY 2007 financial statements after the 1st of April 2008, as soon as possible.
More information is available at the website of the US Securities and Exchange Commission, www.sec.gov as well as at the website of the subsidiary company, www.tousa.com.
|
|
MICHANIKI S.A. : Publication of regulated information
|
| MICHANIKI S.A, in accordance with the provisions of law 3556/2007, art. 21 coupled with the art. 11 of Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, notifies that the shareholder and Board Chairman of the company, Mr. Emfietzoglou Prodromos proceeded on March 18 and 19, 2008 with the purchase of 9,000 registered common shares of total value 39,228 euros and 3,000 registered common shares of total value 13,087 euros. |
|
FOLLI - FOLLIE S.A. : Presentation of the FOLLI FOLLIE GROUP to institutional investors
|
The prospects, strategy and the financial results of the FOLLI FOLLIE Group, were presented by the Management of the Group on the 20th of March, 2008 at the Association of Greek Institutional Investors.
Due to the country wide strike, the originally scheduled presentation at the Association of Greek Institutional Investors for Wednesday 19th March, had to be postponed to the 20th March.
At the same the Groups' subsidiaries HELLENIC DUTY FREE SHOPS S.A. and ELMEC SPORT S.A. were presented.
The new vision of the Group was introduced, which creates numerous possibilities and synergies throughout the companies of the Group. The newly introduced divisions of the Group were also presented, following the recent acquisition of ELMEC SPORT S.A.
The Group's worldwide presence spreads throughout 570 points of sales, 5.300 employees and pro forma sales exceeding euro 850 million.
The divisions of the Group and their respective strategies are summarized as follows:
a. Own brands, i.e. FOLLI FOLLIE and LINKS OF LONDON, with the aim to be established as world brands.
b. Retail, enhancement of the retail network by 10% per annum for the next 3 years.
c. Department Stores, ATTICA, FACTORY OUTLET in Pireaus and FACTORY OUTLET in the AIA with a total surface of 51,000 sq. m. and sales (to end customers) of euro 147.3 million. Further expansion of this division by opening 4 new department stores in Greece and Romania by 2010, with a total surface of 55,000 sq. m.
d. Travel retail, rebranding and a refurbishment program in key POS, introduction of a one-stop-shop concept (shopping, F&B, recreation area, fuel) in the border stores, implementation of new concepts in the existing product mix/store network.
e. Wholesale, enrichment of the Group's distribution brand portfolio with attractive distinguished brands and optimization of CONVERSE wholesale in Greece, Cyprus and S/E Europe.
Analyzing the financial results for 2007, FOLLI FOLLIE Group achieved a 45.8% increase in sales, reaching euro 706.2 million versus euro 484.4 million in 2006. Group EBITDA reached to euro 158 million from euro 121.2 million in 2006, improving by 30.3%, while net earnings after taxes and minority interest, increased by 11.7% reaching euro 72.8 million from euro 65.1 million in 2006.
HDFS management presented the financial results for 2007. Consolidated sales increased by 38% in 2007 reaching euro 414.1 million from euro 300 million in 2006. EBITDA increased to euro 69.8 million compared to euro 64.8 million for 2006. Net Earnings after taxes and minority interest, reached euro 33.5 million, mainly affected by the one off taxation of reserves according to Law 3220/2004 (investments amounting to circa euro 16 million and corresponding tax of euro 5.9 million).
ELMEC SPORT management continued with the presentation of its financial results for the year 2007. Sales increased by 16.7% reaching euro 211.5 million from euro 181.3 million in 2006. EBITDA improved by 41% reaching euro 24.5 million from euro 17.4 million in 2006. Net earnings after taxes and minorities improved by 203% reaching euro 14.2 million from euro 4.7 million in the respective period of 2006.
|
|
ATTICA HOLDINGS S.A. : Completion of taxation audit
|
In accordance with the provisions of paragraph 9d of article 275 of the Regulation of the Athens Exchange, Attica Holdings S.A. informs that the tax audit has been completed for the fiscal year 2006:
a) for the parent company Attica Holdings S.A. for which total taxes charged amount euro 1,900 and will be posted in expenses within March 2008.
b) for the companies of Superfast Group for which total taxes charged amount euro 84,779.60.
The above companies had already made a tax provision euro 100,000. The difference of euro 15,220.40 will be posted within March 2008 as revenue from unutilized provision.
|
|
GR. SARANTIS S.A. : Announcement of regulated information to the Law 3556
|
The company GR. SARANTIS S.A. announces, according to the article 21 of the L.3556/2007 and the article 11 of the Hellenic Capital Market Commission decision 1/434/3.07.07 the following:
- The shareholder and Non-Executive BoD member, Ms Aikaterini Saranti of Pantazis, proceeded on 18/03/08 to the sale of 50,000 (fifty thousand) common shares at the price of 11.58 euros (eleven euros and fifty eight cents) of total value 579,000 euros (five hundred seventy nine thousand euros).
- The shareholder and manager of the Shareholder Services and Corporate Announcements department Ms Eleni Pappa of Evangelos, proceeded on 19/03/08 to the purchase of 600 (six hundred) common shares at the average price of 11.31 euros (eleven euros and thirty one cents) of total value 6,785 euros (six thousand seven hundred and eighty five). |
|
SPRIDER STORES S.A : Announcement for the sale of remnant fractions of shares from the share capital increase via reserve capitalization
|
SPRIDER STORES announces to its shareholders that the share capital increase via reserve capitalization, which took place according to the relevant decision of the Extraordinary General Assembly, held on November 22, 2007, lead to remnant fractions of shares. According to article 53 of law 3371/2005 and the decision of the BoD of the Hellenic Capital Market Commission and in combination with article 99 of the Athens Exchange new regulation, the above fractions of shares will be liquidated after the expiration of the six - month deadline, set by the law, i.e. after June 28, 2008, under the permission of the Hellenic Capital Market Commission and the appointment of the Athens Exchange member that will perform the liquidation. The proceeds of the liquidation will be deposited to Fund of Deposits and Loans, from which the shareholders - endorsees will collect the corresponding amount.
All details regarding the date of the liquidation and the completion of the procedure, will be notified via a new corporate announcement.
For more information, shareholders may contact SPRIDER STORES Investor Relations Department (Tel: 0030 210 6609924, Fax: 0030 210 6664807, e-mail: ir@spriderstores.com, responsible: Mr. Thanos Maltezakis).
|
|
ASPIS BANK S.A. : PRESS RELEASE - Year-End 2007 Financial Results - Overview of ASPIS BANK GROUP Financial Results for FY 2007
|
The highlights of ASPIS BANK Group financials are as follows:
Total assets increased by 17% to 2.9 billion euros.
Gross Loans increased by 19% to 2.25 billion euros.
Customer Deposits increased by 13% to 2.2 billion euros.
Operating income increased by 8% to ?97.3 million. Operating expenses increased by 13% to 78.2 million euros.
Profit before tax amounted to ?15.7 million and profit after tax to 7.1 million euros.
Total capital adequacy ratio reached 16.2%
In 2007, Aspis Bank Group continued its consistent organic growth and improved its infrastructure, without having been directly impacted by the recent turmoil in the international money and capital markets. The Group's growth is evidenced by the following actions:
On April 2007 new capital of 90 million euros was raised via the issue of Tier I hybrid capital and the Lower Tier II subordinated notes. The Bank's liquidity boost prior to the international credit crisis gives the Bank considerable leeway in the execution of growth plans with no immediate need for funding via international markets.
On October 2007 the Bank's new core banking IT system was put into operation following its infrastructure upgrade and procedure restructuring. The new, state-of-the-art IT system allows for greater flexibility, speed, security and breadth of management information, aiding the more effective implementation of the Bank's strategy going forward.
The Bank's branch network expanded by four additional branches in Attica, Thessalonica and Corfu leading to a total of 72 branches.
New retail and SME banking products were launched, designed to provide its clientele with a full range of integrated and flexible solutions at competitive terms.
The implementation of the Bank's strategic plans during 2007 is reflected in the growth of the Group's banking operations, with loans (net of provisions) increased by 19% yoy against 14% in 2006 and customer deposits increased by 13% yoy. In a changing economic environment following the turmoil in the markets after H1 2007, profit after tax and minority interests amounted to ?6.9 million against 12.3 million euros in 2006. Bottom line results were materially affected by the charge of extraordinary tax of 5.6 million euros and the increased cost of servicing of 140 million euros hybrid and subordinated capital raised which is, however, offset by the very high total capital adequacy ratio.
Review of Results and Financial Figures
At the end of December 2007, total assets increased by 17% to 2.9 billion euros, driven by increase in loans (net of provisions), which account for 75% of total assets.
Loans net of provisions rose by 19% to 2.2 billion euros. Loans to households, and particularly mortgage loans, which have traditionally been the greatest proportion of the Bank's loan portfolio, continued to grow at a sufficient pace. New mortgage loan disbursements increased by 27% yoy with the total outstanding balance reaching 1.1 billion euros. However, as mortgage loans have relatively lower interest margins, this has driven effects to swift the Bank?s focus to SME financing. Thus, the Bank offered innovative, integrated solutions to its corporate customers, leading to a 28% growth of business loans, outpacing the market.
Customer deposits, accounting for 80% of total liabilities, remained as the major source of funding. Specifically, the outstanding balance of deposits grew by 13% yoy to 2.2 billion euros. In addition, ASPIS BANK, in order to support its growth plans, has a comprehensive fund raising plan. In this framework, during 2007 new capital was raised via the issuance of hybrid Tier I capital of 40 million euros and Lower Tier II subordinated notes of 50 million euros resulting in a significant increase of the regulatory capital by 90 million euros. In addition, these promptly raised new funds enhanced capital adequacy and brought the total capital ratioto 16.2%.
Growth of core banking activities, which account for 90% of total revenue, led to an increase of operating income by 8% to 97.3 million euros against the 90.2 euros million in 2006. However, intense competition, increase in the servicing costs of the raised funds and the cost of deposits, due to the credit markets turmoil, affected Group results. Despite the 21%increase of loan interest income, the relatively low interest margins of mortgage loans relative constrained net interest income growth to 4% or 55.9 million euros against 53.8 million euros in 2006. Commission income increased by 10% to 28.9 million euros led by growth in core banking business.
The completion of the Bank's restructuring of infrastructure and procedures demonstrated by the operation of the new core banking IT system and the promotion of its brand name were the main factors that drove the increase in operating expenses by 13%. However, despite the short-term cost, the advantages from the above actions are to be seen in the long term. Due the above, profit before tax decreased to 15.7 million euros and profit attributable to shareholders was limited to 6.9 million euros against 12.3 million euros in 2006.
The Chairman and Managing Director of Aspis Bank, Mr. Constantine B. Karatzas referring to the results, stated the following: "During 2007 we continued the implementation of the Bank's strategic plans with the expansion of our network in Greece, the operation of the new core banking IT system and prompt capital raising. Despite the decrease in the Bank's profits, it is important to mention that the Bank's revenue comes purely from banking operations. Adequate liquidity, strong capital adequacy, high credit quality and zero exposure to the subprime loan markets create a protective shield against the recent crisis in international markets. In an environment of economic instability and uncertainty, ASPIS BANK is in the position to enter the next phase of its strategy focused on higher organic growth and geographical expansion".
|
|
INTRALOT S.A. : Announcement according to the Law 3556/2007
|
The company INTRALOT announces, according to the Law 3556/2007 and in conjunction with the article 11 of Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, that:
Mr. Grigoris Karpodinis - person obligated to notify pursuant to Law 3340/2005 -purchased on 18.3.2008, 500 common registered shares of INTRALOT, bearing voting rights, having a total value of 5,150.00 euros.
Mr. Mandrakas Eletherios - person obligated to notify pursuant to Law 3340/2005 - sold on 19.3.2008, 250 common registered shares of INTRALOT, bearing voting rights, having a total value of 2,825.00 euros.
|
|
|
|
|
|
|
