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Listed Companies' Press Releases
Press Search | Monthly Press
20/11/2006
DELTA PROJECT SA
ALPHA ÂÁÍÊ S.A.
ATTICA HOLDINGS S.A.
NOTOS COM HOLDINGS S.A.
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
C. CARDASSILARIS & SONS - CARDICO S.A.
HELLENIC PETROLEUM S.A.
FRIGOGLASS S.A.
DELTA PROJECT SA : Announcement
We would like to inform you that, as it has already been officially announced by the company, DELTA PROJECT is expected to absorb all activities of MYTILINEOS Group contained in the ''Renewable Energy Sources'' portfolio.
The procedure has already started and until the end of the month the company''s shareholders shall be notified for the exact merging terms of the companies.
As per the Group''s thermal stations, there is no decision up to now to be subsumed in DELTA PROJECT. The final decision shall be taken after the final advice of the Group''s counsultants for the energy matters, HSBC and the progress of the negotiation with ELLINIKI TECHNODOMIKI concerning the joint venture of the two groups in the energy sector.
ALPHA ÂÁÍÊ S.A. : Notification
According to art. 24, par. 2 (a) of Law 3461/2006, Alpha Bank A.E. announces that, on 17 November 2006 it acquired through the Athens Exchange 472 common, registered, voting shares of Alpha Leasing Á.Å., at a price equal to Euro 6.50 per share. Pursuant to the above, Alpha Bank currently holds 99.66% of the share capital and voting rights of Alpha Leasing.
ATTICA HOLDINGS S.A. : Announcement
The Board of Attica Holdings S.A. wishes to announce that its share in Minoan Lines has risen from 11.61% to 13.00%.
NOTOS COM HOLDINGS S.A. : Announcement
Notos Com will release the interim financial statements for the 3rd quarter of 2006 and a relevant Press Release, on Wednesday, November 29th 2006 (after the end of trading on the Athens Stock Exchange). The statements will be available on both the Notos Com (www.notoscom.gr) and Athens Stock Exchange (www.ase.gr) web pages.
On Thursday, November 30th 2006, the interim financial statements for the 3rd quarter will be published in the financial press.
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. : Nine Month Announcement Results 2006
OPAP S.A. announces that it will release the nine month results 2006 on Wednesday 29/11/2006 according to the following schedule:
- Wednesday 29/11/2006, release of the results, following the close of the ATHEX trading session, on the ATHEX and corporate websites.
- Thursday 30/11/2006, nine month results 2006 publication on daily press.
- Thursday 30/11/2006 at 17.00 p.m., analysts and institutional investors conference - call to discuss nine month results 2006.
C. CARDASSILARIS & SONS - CARDICO S.A. : Comments on article
Regarding the article published in the newspaper AXIA on 18/11/2006 the company wishes to declare to following in order to fully brief the investment public on the matter: The purchase-sale of the company KENTFORD in Moldova (2001) was never completed since - as it was explicitly mentioned in the contract - we had the right to rescind the contract. The purchasing value was USD 200,000. If the contract had been completed and only in that case did the contract provide for a per kilogram of exported walnut kernel fee (commission of 0.10 to 0.60 cents per kilogram) of up to USD 6,600,000 within eight years. This commission regarded the assurance of exporting licenses from Moldova and the submission of quantities from producers and it would be lawfully paid. The suggestions that the company''s value amounts to USD 7,000,000, are in no way true and the company reserves the right to use any lawful means in order to safeguard its reliability and its prestige. During the relevant controls, our company realized that the sellers were incapable of fulfilling the pledged terms and of assuring the success of the business plan through fully-accepted legal means. Following that realization, and given that it was provided for in the contract, we rescinded the contract. At the same time, we decided to cease all activities in Moldova as exporters, due to the insecure political and business environment in the area. Note that the contract provided that in case of its non-completion there would be no possibility to claim any kind of compensation. Regarding the suggestion on the difference of prices between exports from Moldova and imports into Greece, (the validity of which is being checked according to the newspaper), we declare the following: The Values Department of the Greek Customs as a settled policy adjusts the customs values according to the prevailing international higher values only for the collection of importing customs and the VAT. This settled policy was also adopted during our imports from Moldova before 2000, where due to the fact that we had privately-owned facilities and we purchased directly from producers, our cost price was lower than that of prevailing international prices (USA). Our prosecutor accused us of that, our company was controlled by the competent tax Greek authorities and as expected the accusation was not substantiated. We also question ourselves why the prosecutor claims compensation five years after the incident. Finally, we believe that contests in law are not won through announcements but in the courtroom. Our company will continue to inform the competent authorities and the investment public on any developments on this false lawsuit.
HELLENIC PETROLEUM S.A. : New natural gas discovery
Hellenic Petroleum S.A. reports a new natural gas discovery in the well C1-NC210. The well, drilled by Woodside Energy (NA) Ltd., is located in the Murzuq Basin approximately 1000 Km south of Tripoli and 150 Km south of the producing Al Wafa Gas Field. The drilled well reached a total depth of 808 meters. Wireline log data indicated the potential of several separate hydrocarbon bearing zones. An initial production test of the Awaynat Wanin Formation confirmed the presence of a gas column and flowed 5.7 million standard cubic feet of gas per day (MMscfd) through a 72/64 inch choke. The Absolute Open Flow is calculated to be 10.7 MMscfd.
A production test of the Mrar M7 reservoir confirmed the presence of a gas column and flowed 5.8 million standard cubic feet of gas per day (MMscfd) through a 72/64 inch choke. The Absolute Open Flow is calculated to be 13.0 MMscfd. Woodside Energy (N.A.) drilled the well as an operator under the EPSA3 with the National Oil Corporation of Libya. Interests in Exploration and Production Sharing Agreement and the associated joint venture are:
Woodside Energy (N.A.) Ltd. 45% (Operator)
Repsol Exploration Murzuq 35%
Hellenic Petroleum S.A 20%
Geologic data are being reviewed to make preliminary evaluations of the overall reserves in the reservoir and to determine locations of appraisal wells.
FRIGOGLASS S.A. : Mr. Harry David appointed Chairman of the Board of Directors of Frigoglass
The Board of Directors of Frigoglass announces today the election of Mr. Harry David as the new Chairman of the Board of Directors, following the resignation of Mr. Dimitris Krontiras. Mr. Harry David has been a Member of the Board of Directors of Frigoglass since 1999.
Mr. David''s professional career started in 1987 in New York as a certified investment advisor for Credit Suisse. From 1989 until 1991 he served in several executive positions within Leventis Group of Companies in Nigeria.
Mr. David is currently Chairman of Plias S.A, Vice-Chairman of Katselis S.A as well as, a member of the Board of Directors of the Hellenic Public Power Corporation (ÄÅÇ), of the A.G Leventis P.L.C., of the Nigerian Bottling Company P.L.C. of Ideal Group and of Vectis Capital. He is also a member of the General Council of the Federation of Greek Industries (ÓÅÂ) and an executive member of the International Directors Council of Guggenheim museum in New York.
Mr. Harry David, Chairman of the Board of Directors of Frigoglass, commented: It is a great honor for me to be appointed Chairman of Frigoglass'' Board of Directors, succeeding Mr. Krontiras, an extraordinarily capable man, under whose guidance, the Company has achieved substantial growth. As a Frigoglass Board member since 1999, I have closely witnessed both the Company''s dynamic expansion as well as its vision of establishing a leading position in the field of ICM industry. Finally, I would like to thank the members of Frigoglass'' Board for entrusting me. Mr. Victor Pisante, co-founder and C.E.O. of Telesis since 1993, was appointed Member of the Frigoglass'' Board of Directors, following the resignation of Mr.Krontiras. In 2005, Mr. Pisante founded Bluehouse Capital, a private equity management firm, focusing on the development and management of real estate property and infrastructure projects in Southeastern Europe.