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| 26/03/2008 |
INTRALOT S.A. EFG EUROBANK ERGASIAS SA. THRACE PLASTICS CO. SFAKIANAKIS S.A. AEOLIAN INVESTMENT FUND S.A. IASO S.A. HELLENIC PETROLEUM S.A. KLEEMANN HELLAS S.A. DIAS AQUACULTURE S.A. TITAN CEMENT COMPANY S.A. GR. SARANTIS S.A. TECHNICAL OLYMPIC S.A. CENTRIC MULTIMEDIA S.A. NAT. BANK OF GREECE SA ASPIS BANK S.A. NEOCHIMIKI L.V. LAVRENTIADIS S.A. GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. ALAPIS S.A MARFIN INVESTMENT GROUP HOLDINGS SA MICHANIKI S.A. LAMBRAKIS PRESS F.G. EUROPE S.A. F.G. EUROPE S.A. DROMEAS S.A. OFFICE FURNITURE INDUSTRY MYTILINEOS HOLDINGS S.A. PIRAEUS BANK S.A. NIREUS S.A. VIVARTIA S.A. NIREUS S.A. NEOCHIMIKI L.V. LAVRENTIADIS S.A.
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INTRALOT S.A. : Announcement
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| Within the context of article 21 of law 3556/2007, the Company announces that it is not interested to participate in a process to acquire NOVA. |
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EFG EUROBANK ERGASIAS SA. : Announcement
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EFG Eurobank Ergasias S.A. ("the Bank") announces, in accordance with Regulation of the Commission of the European Community no 2273/2003, article 4, par.4, that following the decision of the Annual General Meeting of the Shareholders of the Bank dated April 3, 2007, and the resolution of its Board of Directors of that date, it purchased own shares through the Athens Exchange Member EFG Eurobank Securities, as follows:
a) On 18 March 2008 the Bank purchased 5,000 shares, with average cost price euro 17.49 per share and total purchase price euro 87,439.68
b) On 19 March 2008 the Bank purchased 51,350 shares, with average cost price euro 18.58 per share and total purchase price euro 954,067.07
c) On 20 March 2008 the Bank purchased 150,851 shares, with average cost price euro 18.41 per share and total purchase price euro 2,777,774.38 |
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THRACE PLASTICS CO. : FY 2007 Financial Release Date
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| The Company Thrace Plastics Co S.A. informs investors that the financial results for FY 2007 will be published on Thursday March 27, 2008. More specifically the Information and Figures for FY 2007 will be published on Thursday March 27, 2008 in the EXPRESS newspaper and together with the Financial Statements according to IFRS and the respective Press Release will be posted on the ASE website (www.ase.gr) as well as the Company website (www.thraceplastics.gr). |
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SFAKIANAKIS S.A. : Announcement
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SFAKIANAKIS S.A., in its practice of providing correct and timely information to investors and pursuant to article 292 par. 2 of the Athens Stock Exchange Regulation, announces its Financial Calendar for fiscal year 2008:
- Publication in Press of the Annual Financial Statements for fiscal year 2007: Friday, 28 March 2008
- Annual Briefing to Analysts: Monday, 19 May 2008
- Annual Ordinary General Meeting of the Shareholders: Thursday, 19 June 2008
- Ex-dividend date: Tuesday, 24 June 2008
- Commencement of dividend payment: Tuesday, 1 July 2008.
The Company reserves the right to change the above dates, following relevant notification of the public by amending the present.
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AEOLIAN INVESTMENT FUND S.A. : Notice of the Shareholders Annual General Meeting
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According to a resolution of the Board of Directors and to the Article 17 of the Memorandum of Association of the Aeolian Investment Fund S.A., notice is hereby given to the Company's shareholders that the Annual General Meeting is to be held on the 16th April 2008 at 11,.30 a.m, 14 Filikis Eterias Sq. Athens in order to discuss and pass resolutions on the Agenda listed below:
1. Submission and approval of the Financial Statements for the 15th Fiscal year (01/01/2007-31/12/2007), which has been approved by the Board of the Directors and the Auditors of the Company.
2. Approval of the deeds and decisions of the Board of Directors for the 15th fiscal year (01/1/2007-31/12/2007)
3. Release of the members of the Board of Directors and the Auditors of the Company from any liability in relation to the 15th fiscal year (01/01/2007-31/12/2007).
4. Election of a regular and an alternative Auditor for the fiscal year 2008 and stipulation of their compensation.
5. Election of a New Board of Directors
6. Information transfer through usage of electronic units to the shareholders of the Company according to the articles 17 and 18 of Law 3556/ 2007.
7. Other Issues: Agreements with third parties, co-operations and holdings.
According to the Article 18 of the Articles of Association and according to Article 51 of Law 2396/96, shareholders who wish to participate in the Annual General Assembly should submit the proofs of deposit by the Central Depository House, or proxies of these proofs of deposit to the Company's offices, at least five (5) days prior to the date of the AGA. These proofs of deposit or their proxies should clearly state the number of shares each shareholder holds as well any delegation of authority to the representatives of the shareholders.
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IASO S.A. : Financial Calendar for the year 2008
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According to: 1) the articles 275,279,292&329 of the Regulation of the Athens Stock Exchange, and 2) the decision 7/372/15.02.2006 of the Hellenic Capital Markets Commission, IASO S.A., notifies the Financial Calendar for the year 2008, which is as follows:
Action Date Day
Publication of fiscal year 2007 Annual Financial Statements 28/3/2008 Friday
Analysts' briefing 13/5/2008 Tuesday
Publication of Interim Financial Statements for the 1st Quarter of 2008 31/5/2008 Saturday
Shareholders Annual General Meeting 6/6/2008 Friday
Shareholders on record at the closing of the June 9 2008 trading session at the ASE will be entitled to receive dividend of fiscal year 2007 9/6/2008 Monday
Shares will be traded ex-dividend 10/6/2008 Tuesday
Commencement of dividend payment for fiscal year 2007 through Bank 19/6/2008 Thursday
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HELLENIC PETROLEUM S.A. : Announcement
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According to article 14(3) of Law 3556/2007, Hellenic Petroleum S.A. announces that:
É. Following a written notification received by the company Paneuropean Oil and Industrial Holdings S.A. on March 21st 2008, the percentage of said shareholder fell below the threshold of 1/3 on March 19th 2008, and more specifically it owns 33.27% of the Company´s voting rights.
II. Following a written notification received on March 21st 2008 by the shareholder POÉÇ Holdings Limited, since March 19th 2008, the latter controls directly a percentage of 2.62 % of the Company´s voting rights, and indirectly, through the subsidiary of Paneuropean Oil and Industrial Holdings S.A., a percentage of 33.27 % of the Company´s voting rights. Therefore, the total percentage controlled by POÉÇ Holdings Limited both directly and indirectly remains the same as the one before the above transaction. |
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KLEEMANN HELLAS S.A. : Release of Financial Results For The Fiscal Year 1.1.2007 - 31.12.2007
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| KLEEMANN HELLAS S.A. hereby announces that the Figures and Information for the fiscal year 1.1.2007 - 31.12.2007 will be published in the newspapers ELEFTHEROS TYPOS and XRHMATISTHRIO, on Thursday March 27th, 2008. Furthermore, the Figures and Information as well as the Annual Financial Statements (1.1.2007 - 31.12.2007) will be available at the same day on the Company site www.kleemann.gr, as well as on the Hellenic Exchanges S.A. site www.ase.gr. |
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DIAS AQUACULTURE S.A. : Announcement
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| DIAS AQUACULTURE S.A., in accordance with Law 3556/2007 and Decision 1/434/03.03.2007 (article 11) of the Hellenic Capital Market Commission, announces that on 18/03/2008, Liossis Ioannis, Independent non-executive member of the company, (person obliged to notify pursuant to article 13 of L.3340/2005), bought 1.230 common shares with voting rights of the company, with a total net value of 4.362,40 euros, on 19/03/2008 bought 3.000 common shares with voting rights of the company, with a total net value of 10.422,00 euros and on 20/03/2008 bought 12.595 common shares with voting rights of the company, with a total net value of 42.164,40 euros. |
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TITAN CEMENT COMPANY S.A. : Announcement.
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| Titan Cement Co S.A.announces pursuant to Laws 3340/2005 and 3556/2007 that it has started preliminary discussions with YALCO - S.D. CONSTANTINOU & SON S.A. regarding its porcelain business activities and its subsidiary Ionia S.A. The Company will make an official announcement in case a final agreement is concluded.
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GR. SARANTIS S.A. : Announcement
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RELAUNCH OF SARANTIS GROUP MALE FRAGRANCE STR8
SARANTIS Group, proceeds with the relaunch of its male fragrance, STR8, in accordance with its growth strategy, reinforcing the potential of the Fragrances & Cosmetics sector.
The new STR8 fragrance will be launched in April 2008 and will be distributed, apart from Greece, in all the markets where the Group operates via subsidiaries and direct exports.
It is worth to mention that, in anticipation of this relaunch and aiming at exhausting in an efficient way the existing inventory, production and sales of the previous STR8 have been cut back during the 1st quarter of 2008, while the 2nd quarter of 2008 is expected to be strong in terms of production volume and orders of the new STR8.
It is reminded that STR8 is an own brand of Sarantis Group that was first launched in 1998, while a remarkably successful relaunch took place in 2004 boosting STR8 sales up in 2005 by 57%.
It is also worth to note that STR8 is the number one in sales own product of Sarantis Group reaching sales of c.33 million Euros in 2007 and posting two digit growth rates on a yearly basis, while it holds leading market shares in the markets it operates.
This move is of particular strategic importance for the Group, as it strengthens the Group's leading position in the Fragrances & Cosmetics sector and further reinforces the dynamic course of the Group's own brand portfolio.
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TECHNICAL OLYMPIC S.A. : Notification for the late submission of the FY 2007 Consolidated Financial Results
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As it has been previously announced by the Group's management, our US subsidiary TOUSA Inc filed voluntary petitions in the United States Bankruptcy Court on 29/1/2008 seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code (the Bankruptcy Code). Due to the complexity of the statutory procedures of the USA Bankruptcy Code, the engagement of several consultants and legal authorities and necessary data for publication, the Financial Services of TOUSA is not able to prepare the financial statements for the period 1/1 - 31/12/2007 until April 1st 2008, as it has already been announced via the press release dated 19/3/2008.
The management of Technical Olympic Group of Companies informs the investment community that as a result of TOUSA's inability mentioned above, our company estimates that it will be able to announce its consolidated financial results for the period 1/1 - 31/12/2007 on April 30, 2008 instead of March 31, 2008 as it had previously announced, unless it receives the financial statements from TOUSA at an earlier date.
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CENTRIC MULTIMEDIA S.A. : Disclosure of purchase of own shares decision
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4 CENTRIC MULTIMEDIA S.A. (?the Company?) announces that according to Company Law 2190/1920, article 16, par. 5, and following the decision of the Extraordinary General Meeting of the Shareholders of the Company dated July 27, 2007 and the Board of Directors? resolution dated January 22, 2008 purchase own shares in the period from 18/03/2008 to 24/03/2008 through the Merit Securities S.A., as follows:
(1) On 18.03.2008 the Company purchase 14,000 shares, with average cost price euro 1.48 per share, and total purchase price euro 20,760.
(2) On 19.03.2008 the Company purchase 14.000 shares, with average cost price euro 1.49 per share, and total purchase price euro 20,807.
(3) On 20.03.2008 the Company purchase 15,000 shares, with average cost price euro 1.50 per share, and total purchase price euro 22,480.
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NAT. BANK OF GREECE SA : Invitation to the Bank's Ordinary General Meeting of Shareholders to be held on
Thursday, 17 April 2008, at 3:00 hours
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Pursuant to the provisions of Companies' Act 2190/1920 (the Companies Act) and of law 2396/96 on dematerialized shares, and to Article 11 of the Bank's Articles of Association and Board of Directors' resolution dated 18 March 2008, the Shareholders of National Bank of Greece S.A., with registered office at Aiolou 86, Athens, Greece, are invited to the Bank's Ordinary General Meeting to be held at 13:00 hours on Thursday, 17 April 2008 at Aiolou 93 (Megaro Mela), Athens.
AGENDA
1. Submission for approval of the Board of Directors? and the Auditors? Reports on the annual financial statements for the financial year 2007 (i.e. 1 January 2007 - 31 December 2007).
2. Submission for approval of the annual financial statements for the financial year 2007 (i.e. 1 January 2007 - 31 December 2007). Profit appropriation.
3. Discharge of the members of the Board of Directors and the Auditors of National Bank of Greece and of National Management & Organization Co. S.A., which was absorbed by the Bank, from any liability for indemnity regarding the annual financial statements and management for the year 2007 (i.e. 1 January 2007 - 31 December 2007).
4. Approval of the remuneration of the Board of Directors of the Bank and of the absorbed National Management & Organization Co. for the financial year 2007 (pursuant to Article 24, par. 2 of the Companies Act). Approval of the Chief Executive Officer?s and the Deputy Chief Executive Officer's remunerations and determination of the remuneration of non-executive members of the Board of Directors until the Ordinary General Meeting of 2009.
5. Approval of the members of the Board of Directors', General Managers' and Managers' participation in the Board of Directors or in the management of NBG Group companies pursuing similar or related business goals (as per Article 23, par. 1 of the Companies Act and Article 30, par. 1 of the Bank?s Articles of Association).
6. Election of statutory and substitute Certified Auditors for the purposes of the audit of the Bank?s financial statements and the Group?s consolidated financial statements, and determination of their remuneration, for 2008.
7. Amendment of the Bank's Articles of Association and alignment thereof with the new provisions of the Companies Act (following law 3604/2007) and of law 3601/2007, i.e.: Amendment of Articles 3, 5, 6, 9, 10, 11, 15, 18, 22, 23, 24, 25, 27, 29, 30, 31, 32, 33, 36, 37, 38; completion, cancellation and renumbering of provisions and Articles and forming the Articles of Association into a single text.
8. Approval of own shares buy-back programme in accordance with Article 16 of the Companies Act.
9. Authorization of the Board of Directors to carry out bond issues for a 5-year period (as per law 3156/2003 Article 1 par. 2).
10. A share capital increase through the issue of new shares, to be carried out by the exercise of shareholders? option to receive a portion of the dividend in shares instead of cash, pursuant to the resolution regarding dividend distribution adopted on the second item on the Agenda. Amendment to the relevant Article on Share Capital of the Bank's Articles of Association to reflect the share capital increase.
11. Authorization of the Board of Directors to carry out share capital increases as per Article 13 of the Companies Act.
12. The Bank's share capital increase up to euro 1.5 billion through the issuance of redeemable preferred shares as per Article 17b of the Companies Act, with abolition of the old shareholders? preemptive right, along with the relevant authorizations.
13. Announcements and other approvals.
All of the Bank's shareholders are entitled to participate in the General Meeting and to vote in person or by proxy. Each share entitles its holder to one vote. According to the law and the Bank's Articles of Association, Shareholders who wish to participate in the Ordinary General Meeting in person or by proxy are requested to proceed as follows:
1. Shareholders of dematerialized shares not held in the Special Securities Account (SSA) with the Central Securities Depository S.A. (CSD) should have their shares blocked, in all or in part, via their Securities Account Operators and submit the relevant certificate, issued by the CSD and supplied to them by their Securities Account Operators, to the Bank (Head Office, network branches or the Shareholders Department at Aiolou 93, Athens) at least 5 days before the date of the General Meeting (i.e. by Friday, 11 April 2008).
2. Shareholders of dematerialized shares held in the SSA with the CSD should have their shares blocked, in all or in part, by written declaration to the CSD, and submit the relevant certificate issued and delivered to them by the CSD to the Bank (Head Office, network branches or the Shareholders Department at Aiolou 93, Athens) at least 5 days before the date of the General Meeting (i.e. by Friday, 11 April 2008).
Shareholders that are legal entities are further required to submit their legalization documents to the Bank within the same deadline as above by law, unless they have already supplied them to an NBG Unit, in which case they need only specify in their proxy the NBG Unit with which their documents are held.
Similarly, shareholders who wish to participate in the General Meeting by proxy should deliver their proxy documents to the Bank by Friday, 11 April 2008.
For their convenience, Shareholders who wish to participate in the General Meeting may authorize the Bank to take all necessary steps to block their shares on their behalf. (Shareholders Department contact tel. nos. +30 210 334 3414/16/21/26/28/60/94, and fax nos. +30 210 334 3404/06/10). |
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ASPIS BANK S.A. : Invitation
Of The Shareholders to the Annual Ordinary General Meeting
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The Board of Directors of the societe anonyme under the name ASPIS BANK SOCIETE ANONYME, by way of its resolution taken at the meeting of 18 March 2008, invites the Shareholders of the Bank to an Ordinary General Meeting which will take place on Thursday, 17 of April 2008, and at 12:00 hours, at the hotel GRAND BRETAGNNE, Syntagma Square, Athens, in order for them to discuss and decide on the issues of the agenda, listed below:
1.Submission and approval of the annual simple and consolidated Financial Statements of the Bank along with the relevant Reports of the Board of Directors and the Chartered Auditors for the financial year 2007, as well as of the allocation of net profits.
2.Discharge of the members of the Board of Directors and the auditor from any liability for indemnity regarding any action within the year 2007, and approval of administrative acts and representation acts of the Board of Directors and its substitutes.
3.Election of one ordinary and one substitute chartered auditor for the financial year 2008.
4.Election of a new Board of Directors, increase in the number of its members, appointment of its independent members and establishment of Deputy Managing Director position.
5.Approval of constitution of contracts according to article 23a of c.l. 2190/1920.
6.Approval of remunerations paid to members of the Board of Directors during the financial year 2007 and pre-approval of the remunerations of the members of the Board of Directors for the year 2008, in accordance with articles 23a and 24 of c.l. 2190/1920.
7.Amendment and extension of the existing stock option plan.
8.Granting of license to certain members of the Board of Directors regarding their participation within legal entities of similar purposes to the purposes of the Bank.
9. Adjustment of the Articles of Association to the new provisions of C.L. 2190/1920. Amendment of articles 3,7,8,11, 13, 14, 17, 18, 22, 25, 26, 41, 43 annulment of articles 6, 9, 12, 19, 20, 21, 23, 24, 27, 28, 29, 30, 31, 33, 34, 35, 36, 37, 38, 39, 40, 42 and 44 and re-numeration of the articles within the Articles of Association.
10. Granting of authorization to the Board of Directors to increase the share capital of the Bank for a five year period, in accordance with article 13 of c.l. 2190/1920, and to issue convertible bond loans.
11. Various announcements.
Furthermore, and pursuant to the same resolution, the Board of Directors of the Company invites the Shareholders of the Company, in case of a non-quorum, to an A' reiterative General Meeting on Monday, 5 May 2008 and at 11:00 a.m., at the offices of the Company located at 4, Othonos St., Athens. In case another non-quorum arises, the Shareholders are invited to a B' Reiterative Extraordinary General Meeting on Friday, 16 May 2008, and at 11:00 a.m. at the offices of the Company located at 4, Othonos St., Athens. It is noted that no other invitation shall be published regarding the reiterative meetings, pursuant to article 29 of C.L. 2190/1920 as amended and in force.
The Shareholders wishing to participate in the General Meeting, either in person or through representative, as well as to exercise their voting right at the said meeting, are required to ask their account operator or the Central Securities Depository, in accordance with the law and the articles of association, to engage all or part of their shares as well as to deposit at the central offices of the Bank, five (5) at least days prior to the day of the General Meeting or to every reiterative meeting, certifications issued by the Central Securities Depository along with the documents of their authorization. |
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NEOCHIMIKI L.V. LAVRENTIADIS S.A. : Announcement dividend payment for the year 2007
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According to articles 279 and 329 of the ATHEX Regulation, the company "NEOCHIMIKI L.V. LAVRENTIADIS S.A." announces that during the Annual Ordinary Shareholders' Meeting held on March 24th, 2008 it was decided to distribute a dividend of 0.26 euro per share for the financial year 2007.
Eligible to receive dividend payment are company shareholders at the end of the trading session of the ATHEX as of Monday, March 31st, 2008. From Tuesday, April 1st, 2008 the company's shares will be traded in the ATHEX with no right for dividend for the year 2007.
Dividend payment will start on Wednesday, April 9th 2008 from the paying bank "PIRAEUS BANK S.A." (Institutional Investors and Ownership Department of Piraeus Bank, 4 Aristidou street, 1st floor, Athens, Postal code 105 59), to the beneficiaries as follows:
1. Through the operators in the Dematerialized Securities System (DSS), according to article 329 of the ATHEX Regulation and the more detailed information provided for in the DSS Operation Regulation (responsible person in Piraeus Bank is Mr. G. Altis tel. +30 210-32 88 747).
2. Through the branch network of Piraeus Bank, for the shareholders who have asked the exception of their operator in the DSS or who hold their shares in the special account at the DSS,
3. For the beneficiaries who for several reasons have not been able to collect their dividend through their operators, dividends may be collected through the branch network of "PIRAEUS BANK S.A." from April 15th 2008.
In the cases 2 and 3, shareholders must announce their code number in the Dematerialised Securities System and present their identification card, either in person or through an authorized representative till December 31st 2008.
After that date (December 31st, 2008), each beneficiary not having collected the dividend may be able to collect it only at the company's central offices (34, Pentelis Street, P. Faliro, Postal Code 175 64) and within five years as provided for by law.
The relevant receipts for the tax office and the shareholder will be handed out by the Issuer after December 31st 2008.
For further information, Shareholders may contact the company's Shareholders' Department tel. +30 210 9460400.
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GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. : Consolidated Financial Results For The Three and Twelve Months
Ended December 31, 2007
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| See the Press Release |
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ALAPIS S.A : ANNOUNCEMENT DIVIDEND PAYMENT FOR THE YEAR 2007
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According to articles 279 and 329 of the ATHEX Regulation, the company "ALAPIS S.A." announces that during the Annual Ordinary Shareholders' Meeting held on March 24th, 2008 it was decided to distribute a dividend of 0.025 euro per share for the financial year 2007.
Eligible to receive dividend payment are company shareholders at the end of the trading session of the ATHEX as of Monday , March 31st, 2008. From Tuesday , April 1st, 2008 the company's shares will be traded in the ATHEX with no right for dividend for the year 2007.
Dividend payment will start on Wednesday, April 9th 2008 from the paying bank "PIRAEUS BANK S.A." (Institutional Investors and Ownership Department of Piraeus Bank, 4 Aristidou street, 1st floor, Athens, Postal code 105 59), to the beneficiaries as follows:
1. Through the operators in the Dematerialized Securities System (DSS) according to article 329 of the ATHEX Regulation and the more detailed information provided for in the DSS Operation Regulation (responsible person in Piraeus Bank is Mr. G. Altis tel. +30 210- 32 88 747)
2. Through the branch network of Piraeus Bank, for the shareholders who have asked the exception of their operator in the DSS or who hold their shares in the special account at the DSS,
3. For the beneficiaries who for several reasons have not been able to collect their dividend through their operators, dividends may be collected through the branch network of "PIRAEUS BANK S.A." from April 15th 2008.
In the cases 2 and 3, shareholders must announce their code number in the Dematerialised Securities System and present their identification card, either in person or through an authorized representative till December 31st 2008.
After that date (December 31st, 2008), each beneficiary not having collected the dividend may be able to collect it only at the company's central offices (2, Aftokratoros Nikolaou str. Athens, Postal Code 176 71) and within five years as provided for by law.
The relevant receipts for the tax office and the shareholder will be handed out by the Issuer after December 31st 2008.
For further information, Shareholders may contact the company's Shareholders' Department tel. +30 213 0175056.
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MARFIN INVESTMENT GROUP HOLDINGS SA : MARFIN INVESTMENT GROUP REPORTS FINANCIAL YEAR 2007 RESULTS
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- Profit after tax attributable to group shareholders for the year (1) amounted to euro 330.4m
- Board to Propose Constructive Dividend of euro 0.38 per share
(or euro 283,938,176 in total)
Marfin Investment Group Holdings S.A. ("MIG") today reported its results for the financial year ended December 31, 2007.
The Company recorded a strong increase in its profitability during the financial year 2007. Profit after tax attributable to the shareholders for the financial year 2007 (1) amounted to euro 330.4million, This includes net income of euro 267.8 million comprising of a capital gain and the income received until the date of disposal from the discontinued banking operations.
These strong results will allow MIG's Board of Directors to propose at the Annual Shareholders Meeting the payment of a constructive dividend in respect to FY 2007 to an amount of euro 0.38 per share or euro 283,938,176 in total, which will take the form of return of capital for regulatory and tax efficiency purposes.
"We are very pleased with our results for 2007, as we were able to deliver on our commitments while adjusting our strategy in uncertain market conditions" said MIG Chief Executive Officer Dennis Malamatinas. "During this first year, MIG has identified high quality assets with potential for growth across the region and invested a total of euro 5.6bn building a strong portfolio of 17 companies spanning across eight sectors and 40 countries. We continue to execute against our investment plan, aiming to drive significant shareholder value since we believe that despite the general slowing in economies the SEE region continues to offer significant opportunities for investment and growth".
Mr. Andreas Vgenopoulos, Executive Vice Chairman of MIG, made the following statement:
"We are pleased that despite the recent market crisis we are able to reward our long-term shareholders with a satisfactory yield on their investment. We expect that we will be able to continue our generous dividend policy for FY08 as well. Furthermore, together with the announcement of our 1Q08 results we will be in a position to provide full visibility to investors regarding the status of our industrial group and its prospects, as well as detailed guidance for the future."
(1) Excluding a ?10m one-off donation to the fire victims in Greece.
Conference Call
MIG will host a conference call to discuss its earnings on March 27th at 17:00 Greek time/15:00 UK time. The call will be hosted by Andreas Vgenopoulos, Executive Vice Chairman, MIG and Dennis Malamatinas, CEO, MIG, The call will be available on the following phone numbers:
Conference Phone GRE +30 211 180 2000
Conference Phone GRE +30 210 946 0800
Conference Phone GBR +44 (0) 800 376 9250
Conference Phone USA +1 866 288 9315
It is recommended that you call any of the above numbers 5 to 10 minutes before the conference call is scheduled to start.
Digital Playback: There will be a digital playback starting at 19:00 (Greek Time) on 27 March 2008 and available for 72 hours.
For playback, Please dial the following numbers and the PIN CODE: 110 # from a touch-tone telephone:
Digital Playback UK: + 44 (0) 800 901 2906
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MICHANIKI S.A. : Full-year 2007 Financial Results - Total Turnover 166.71m. euros, +35.65% - Net Income 53.51m. euros, +106.24%
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MICHANIKI SA is pleased to announce strong profitability growth in 2007.
Group level:
Michaniki Group consolidated turnover increased by 35.65 percent, to 226.14 million euros versus 166.71 million euros in 2006.
Profit before taxes grew by 111.62%, to 71.62 million euros from 33.84 million euros in 2006.
Consolidated EBITDA increased by 106.11 percent, to 78.81 million euros in 2007 from 38.23 million euros the year before.
Group Net Income grew by 106.24 percent, to 53.51 million euros in 2007 from 25.95 million euros in 2006.
Group Net Income (after taxes, Board fees, and after minority rights) grew by 86.34 percent, to 47.12 million euros in 2007 from 25.29 million euros in 2006.
Company level:
At a parent company level, Michaniki SA's turnover for FY07 increased by 120.40 percent on y/y basis, to 145.62 million euros from 66.07 million euros.
Profits before taxes increased by 163.11 percent, to 31.03 million euros versus 11.79 million euros in 2006.
The company's EBITDA stood at 24.29 million euros in 2007, from 11.26 million euros the year before, marking an increase of 115.60 percent.
Net Income (after tax, Board fees) increased by 189.71 percent to 24.77 million euros in 2007 versus 8.55 million euros in 2006.
MICHANIKI's Management will recommend to the General Assembly of the Shareholders the distribution of 0.16 euros dividend per share.
The publication of the financial results for the FY07 will be officially announced on Thursday, 27th of March.
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LAMBRAKIS PRESS : Annual Presentation of the Lambrakis Press Group
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| Lambrakis Press SA announces that the annual presentation to analysts, will take place on 28.3.2008, 9:00 a.m., at Esperia Palace Hotel (22, Stadiou str., Athens), whereby the Company will brief analysts and institutional investors on the financial results of the Group for the fiscal year 2007. The briefing to analysts will be hosted by Mr Nicholas Pefanis, General Manager of the Corporate Center of the Company and Mr Alex Christakis Investor Relation Manager. |
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F.G. EUROPE S.A. : Announcement
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According to Article 279 of the rules of the Athens Exchange we disclose that:
The annual general assembly of shareholders of the company on its meeting today March 26, 2008, that were attended by six (6) shareholders representing the 68,74% of the companies total shares:
1. Approved the company and consolidated financial statements of the company for the year January 1, to December 31, 2007.
2. Approved the proposal of the Board of Directors to distribute the amount of Euro 11.616.033,88 as dividend to the shareholders of the company, representing Euro 0,22 per share. Beneficiaries of the dividend will be the holders of shares of March 27, 2008, ex-dividend date will be Friday, March 28, 2008 and payment will begin on Friday, April 4, 2008.
3. Granted authorization to the Board of Directors according to the provisions of par. 1.b and 4.a of Article 13 of CL 2190/1920, to decide about the time to increase the share capital of the company, the amount, the number and price of the new shares etc.
4. Decided the cancellation of 1.780.220 treasury shares that represent 3,26% of the total share capital, that were purchased according to the decision of the extraordinary general assembly of February 8, 2005, because of the completion of a three years holding period on April 1, 2008 from the date of the first purchase, reducing the share capital by the amount of Euro 534.066 and the share premium account by the amount of Euro 5.055.920,71 up to the total amount of purchase (5.589.986,71). The total amount of the purchase cost of the treasury shares (5.589.986,71), that was completed in 2006 is subtracted from the company?s and Group?s equity.
5. Released the members of the Board of Directors and the Auditors from any compensation liability for the fiscal year January 1 to December 31, 2007.
6. Elected the new Board of Directors for a two years service term as follows:
Executive members: Fidakis Georgios, Koutsoubelis Konstantinos, Pantousis Ioannis, Demenagas Andreas-Fotios and Vlamis Georgios and
Non-executive and independent members:
Stroggylopoulos Georgios, Katsoulakos Ioannis, Lioukas Spyros and Piblis Nikoalos.
7. Approved the fees and compensation to the independent non-executive members of the Board of Directors paid in 2007 and pre approved their remuneration for the fiscal year 2008.
8. Granted permission according to article 23 a of Law 2190/1920 and approved the conclusion of agreements between the company and the members of the Board of Directors or companies related to them.
9. Granted permission to the members of the Board of Directors according to article 23 par. 1 of Law 2190/1920, to participate in the Board of Directors or the management of affiliated companies that have similar businesses or activities.
10. Elected the audit firm SOL S.A. for the performance of the audit of the financial statements of the company for the fiscal year from January 1 to December 31, 2008.
11. Approved the existing agreements between the company and its subsidiaries.
Finally, a reference to the company?s very good perspectives according to the up to data was made, regardless of the significant deficiency in products due to the prevalent situation in the ports and impuissance of customs clearance.
For the year 2008 as a whole, according to the up to date data, the management expects a further increase in sales of the long living consumer goods, which will have a positive effect on the Group's financial results and profits.
The management's estimations are based on:
The increased need of residential air conditioning, the trend to branded, new technology products (INVERTER), the outstanding rise in oil prices, factors which are expected to reinforce the demand in the air conditioners segment, increasing the company?s sales on the domestic market for 2008, as well.
The important boost in exports accruing from the Turkish market, where the Groupstarted activating from the beginning of 2008.
The increase in sales of central and semi-central air-condition, apart from the Greek market, on the Balkan and the Turkish market, where high demand is noticed.
The increase in sales of SHARP LCD TVs, which is expected to peak in the first half of 2008, due to the important sports events. (EURO 2008, OLYMPIC GAMES IN PEKING)
M oreover, a reference to the restructuring of bank loans was made, by the issuance of a syndicated loan of 75 mil. euro
Referring to the energy sector, it was announced by the management that the strategic investments will be continued, while 2 new energy units will be added to the Group?s capacity within 2008. These are the second hydroelectric plant of HYDORELECTRIC ACHAIAS S.A. at the Kerinitis River, of 1.015MW capacity, and the wind park, of 10MW capacity, of EOLIKI KYLINDRIAS S.A., a 100% subsidiary company of R.F. ENERGY S.A.
Furthermore, the management announced the completion of the transfer of the shares of the 55.25% subsidiary company HYDROELECTRIC AHAIAS S.A. and the 100% of the subsidiary company CITY ELECTRIC S.A. to the Group?s subsidiary company R.F. ENERGY S.A., which acquired totally the 100% of the shares of the above companies. Moreover, the management announced the completion of the construction and the start-up, from this month, of the wind park with 15MW capacity, of KALLISTI ENERGIAKI S.A., a 100% subsidiary company of R.F.ENERGY S.A.
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F.G. EUROPE S.A. : Announcement
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The ordinary annual General Assembly of Shareholders of the company of March 26, 2008 decided to fix Friday, March 28, 2008 as dividend ex date for the dividend of the fiscal year 2007.
The dividend authorized by the General Assembly amounts to 0,22 Euro per share. Beneficiaries for the dividend are holders of company shares as of the closing of the Athens Exchange on March 27, 2008.
From March 28, 2008 the company?s shares will trade on the Athens Exchange without dividend rights for the fiscal year 2007.
The payment of the dividend will begin on Friday, April 4, 2008.
The payment of the dividend will be processed through the bank EFG Eurobank Ergasias S.Á. as follows:
1. Through the account operators at the S.A.T. according to the distribution procedure as defined by articles 329 of the Athens Exchange Regulation and 39 of the Operation Regulation of S.A.T. of the Hellenic Exchanges S.A.
2. Through the branches network of the bank EFG Eurobank Ergasias S.A. for any shareholders that have asked for exception of their operator at the S.A.T.
3. For any shareholders, that are not credited the dividend for whichever reason through their account operator, the dividend payment will be possible through the branch network of the bank EFG Eurobank Ergasias S.A.
The dividend payment in the cases 2 and 3 will be realized through the presentation of the identity card of the shareholder, while the payment to third persons will be processed only with the presentation of an authorization that will contain full details of both the beneficiary and the authorized person (name, surname, id number and vat number), stamped by the police or other authority for the genuine of its signature. The payment receipts will be delivered by the account operators. If the dividend is paid according to cases 2 and 3 the payment receipts will be delivered by EFG Eurobank Ergasias. The certificates of dividend payment for tax purposes are issued and sent by the company to the shareholders.
For further information the shareholders are requested to contact the IR department of the company, tel. 210-9697411.
Dividends not paid during the next 5 years are written off in favour of the Greek State.
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DROMEAS S.A. OFFICE FURNITURE INDUSTRY : Press Release
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In INTERWOOD 2008 trade fair, which was held from 13/03/2008 until 16/03/2008 in the East Airport of Elliniko in Athens, Dromeas SA presented in a remarkable expedition space, in a surface of 460 square meters, kitchen and wardrobe furniture. They presented completed proposals for the better briefing of manufactures and salespersons.
The 9.000 (record number) of visitors, saw the kitchen furniture in a variety of colors, designs and dimensions, from professional designers as well as the new home furniture. (Living rooms, furniture composition for T.V.s and other).
They were achieved agreements for distributions of those products, and expressed above 100 serious proposals for delegations in Greece as well as abroad. |
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MYTILINEOS HOLDINGS S.A. : Press Release
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2007 ANNUAL RESULTS
- THE GROUP'S GROWTH AND HIGH PROFITABILITY HAS BEEN CONTINUED DESPITE THE ADVERSE INTERNATIONAL MARKET CONDITIONS
- PROPOSAL FOR A DIVIDEND AT EURO 0,51 - INCREASED BY 132%
- PROMISING PROSPECTS ALSO OVER THE NEXT THREE YEARS
The Group's consolidated turnover for the fiscal year 2007 amounted to euro 912.6 million compared to last year's euro 843.3 million, marking an increase of 8.2%. This sales increase is particularly important having taken into account that it was achieved under manifest deterioration of the US Dollar / Euro (US$/EUR) parity movement from the levels of 1.30 in the beginning of the year in question to the levels of 1.46 by the end of the same period, a change which had a negative impact to the Group's turnover by euro 55 million.
Despite the above US Dollar / Euro (US$/EUR) parity movement, the price decline of alumina from the record levels of 2006 and the boom in oil prices at the levels of 100$/barrel, the Group's increase in net profit after tax by 34% is considerable compared to the 2006 financial year, which amounted to euro 210.7 million, while the net profit before tax and minority rights amounted to euro 193.6 million compared to euro 105.6 million of the corresponding period in 2006, marking an increase of 83.2%. Finally the Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to euro 153.7 from euro 188.2 in 2006.
The Group's net debt is maintained at the exceptionally low level of euro 160 million.
The Group's Total Assets for the current period exceeded euro 1.65 billion compared to euro 1.37 billion in 2006. The Group's Equity on 31/12/2007 amounted to euro 800 million compared to euro 779.1 million on 31/12/2006, whereas if the mark to market of subsidiaries is taken into account, the Group's adjusted Equity exceeds euro 1 billion.
The ÌÅÔÊÁ's positive development and strategic planning was explicitly impressed in the company's financial results for 2007, having confirmed its establishment as one of the leading players in the sector of the EPC projects in the wider region of Northeastern Europe. The Company's 2007 turnover amounted to euro 284.2 million while the Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to euro 57.2 million from euro 60.9 in relation to 2006 (a year which marked the Company's record performance in every respect ever since its incorporation). The EBITDA margin continues to remain at a very high level (20.1%) as both in absolute value and when compared to the international competition. Finally, the net profit after tax and minority rights amounted to euro 36.8 million compared to euro 40.6 million
ÌÅÔÊÁ having been set off as the major specialized contractor of energy projects in Greece, upon the completion of the co-generation power plant of 334MW at the energy centre of ENDESA Hellas in Aghios Nikolaos of Voiotia, and the beginning of the electricity production stations with natural gas of 430 MW also at the energy centre of ENDESA Hellas in Aghios Nikolaos and Aliveri of 420MW for Public Power Corporation (PPC), has been dynamically expanding to competitive markets abroad. It should be noted that the expansion of METKA to the international markets started with the assignment of a euro 110 million project in Pakistan and will be continued with the assignment of new projects abroad. Today's ÌÅÔÊÁ's signed backlog amounts to euro 826 million, which is expected to be significantly increased in 2008. ÌÅÔÊÁ's progress is expected to be impressed in both the results of the year 2008 and those of the following years.
Endesa Hellas has already assumed a leading position in the Energy sector being the mouthpiece of key market trends and developments (liberalization of the market). The new Company's progress until today has proved that meets all the necessary requirements so that it may become the major independent energy producer in Greece and the main driver for its development in the wider region of Northeastern Europe with a broad basis of production potential of thermal and renewable energy sources. The integration of the CHP Plant (COGEN) in the system in addition to the rapid development rates of the two CCGT's power plants in Volos and Aghios Nikolaos operatining with natural gas will allow Endesa Hellas to provide the Greek Market with over 1.300MW of electrical power by 2010, contributing thus decisively to the serious social issue of the deficient system and the concurrent reduction of the expensive imports for our country.
According to Endesa's Business Plan for the period 2008 - 2012, which was recently announced at the Madrid Stock Exchange, euro 1.4 billion of investments are anticipated to be implemented in Greece by the Endesa parent company pertaining to thermal power plants (excluding the investments in Renewable Energy Sources). The implementation of this project is expected to comprise the catalyst for the essential liberalization of the energy market in Greece and further upgrade the level and the structure of the Group's results.
The Group's significant profits in 2007 offers the possibility to MYTILINEOS Company to propose at the General Meeting of 8th May 2008 a dividend increased by 132%, that is euro 0.51 for the 2007 financial year compared to euro 0.22 for the 2006 financial year. This dividend yield, according to the closing price its share on the 20th of March 2008, exceeds 7%. ÌÅÔÊÁ's dividend will be also increased by 25%, and the proposal for this at the Company's General Meeting on 15th of May 2008 shall be euro 0.50 compared to euro 0.40 in 2007.
As regards the 2007 results as well as the forecasts of the Group's Management concerning 2008-2010 more detailed references shall be made at a conference call with the analysts and the institutional investors tomorrow, Thursday, 27 March 2008, at 17.30 Greek time.
For more information please contact:
Mrs Maria Philippi, the Group's Press Responsible, Tel. 210-6877309, Fax: 210-6877400, e-mail: com@mytilineos.gr
Mr. Nikolaos Êontos, The Group's Investors Relations Officer, Tel.210-6877395, Fax: 210-6877400, e-mail: nikos.kontos@mytilineos.gr
MYTILINEOS GROUP comprises of companies which are involved and hold a leading position in the Metallurgy & Mines, Energy, Technical Projects EPC and DEFENCE Industry sectors. It was founded in Greece in 1990; it is a Company listed at the Athens Stock Exchange, with consolidated net turnover of approx. ? 1 billion employing over than 3,000 persons in Greece and abroad. For more information please visit the Group?s website at: äéåýèõíóç www.mytilineos.gr.
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PIRAEUS BANK S.A. : Announcement
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Change in the composition of the Board of Directors
In accordance with the provision of article 2, para. 2 (e) of the resolution no. 3/347/12.07.2005 of the Hellenic Capital Market Commission, Piraeus Bank notifies the resolutions adopted by its Board of Directors, as its meeting held on March 26, 2008.
1.Mr. Nikolaos Zografos (Independent Non - Executive Member) resigned from the Board of Directors
2.Mr. Theodoros Mylonas was elected new Independent Non Executive Member of the Board of Directors, in constitution of the resigned Mr. Nikolaos Zografos
3.Mr. Nikolaos Zografos was elected Non - Executive Member of the Board of Directors, in constitution of the resigned, from 19.09.2007, Executive Member Mr. Michael Colakides.
The above resolutions shall be submitted for ratification at the next General Meeting of the shareholders of the Bank.
4.The Board of Directors was reconstituted as a body and designated its executive and Non - Executive Members, in accordance with Law 3016/2002, as follows:
Executive Members
-Michael Sallas of Georgios, Chairman
-Theodoros Pantalakis of Nikolaos, Vice - Chairman and Managing Director
-Georgios Provopoulos of Athanasios, Vice - Chairman and Managing Director
-Alexander Manos of Stefanos, Deputy Managing Director
-Christodoulos Antoniadis of Georgios, Executive Director
-Stavros Lekkakos of Michael, Executive Director
Non - Executive Vice - Chairmen
-Konstantinos Aggelopoulos of Panagiotis
-Ioannis Vardinoyiannis of Vardis
Non - Executive Members
-Georgios Alexandridis of Paraschos, Independent Non - Executive Member
-Fotini Karamanli of Achilleas, Independent Non - Executive Member
-Theodoros Mylonas of Pavlos, Independent Non - Executive Member
-Hariklia Apalagaki of Andreas, Non - Executive Member
-Eftyhios Vassilakis of Theodoros, Non - Executive Member
-Iakovos Georganas of Georgios, Non - Executive Member
-Stylianos Gkolemis of Dimitrios, Non - Executive Member
-Nikolaos Zografos of Ioannis, Non - Executive Member
-Vassilios Fourlis of Stylianos, Non - Executive Member
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NIREUS S.A. : IR Release
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| See the IR Release. |
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VIVARTIA S.A. : SALES INCREASE BY 17.8% IN 2007 FOR VIVARTIA GROUP
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In 2007, consolidated sales of Vivartia Group increased by 17.8% to euro 1.1 billion from euro 950 million in 2006 (pro forma basis), i.e. including the figures of the Bakery and Confectionary Division for the full year 2006. It should be noted that the published figures for 2007 are not directly comparable to 2006 figures, as the activity of the Bakery and Confectionary Division -former Chipita- for 2006 has been incorporated in the consolidated results as from 1/9/2006 (4 months).
The Group's ÅÂÉTDA of euro 126.6 million has been affected during 2007 by provisions and extraordinary expenses of euro 24.8 million which mainly concern the fine imposed by the Hellenic Competition Commission, as well as expenses related to administrative changes within the Group. In comparable terms, however, i.e. without taking into account the aforementioned provisions and extraordinary items, the Group's EBITDA increased by 6.5% to euro 151.6 million from euro 142.3 million in 2006 (pro forma).
The Group's 2007 earnings before tax reached euro 51.8 million from euro 82.3 million in 2006 (pro forma) as a result of the aforementioned provisions and the increased financial expenses of the Group which reached euro 13 million approximately reflecting the cost of early repayment and/or conversion of bond loans, which was directly related to the change of control of Vivartia's ownership in July 2007.
As a result of the above and the increase of minority rights, in 2007 the earnings per share reached euro 0.13.
Vivartia management will propose to the Shareholders General Assembly the distribution of a special dividend of euro 0.32 per share, through a share capital decrease.
Finally, following the recent acquisition of US Nonni's and the strategic partnership with Everest Group, Vivartia Group has entered dynamically into a growth path which is fully aligned with the 2008 objectives as described in the five period 2008-2012 business plan.
According to the Group's five year plan it is expected that for the year 2008 sales will reach euro 1,451 million, EBITDA of euro 217.2 million and earnings after tax and minority rights euro 70.2 million.
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NIREUS S.A. : Press Release for the full year 2007 results
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REVENUES +32.7%, EBIDTA +38.5%
EARNINGS BEFORE TAXES +40.7%
EARNINGS AFTER TAXES +67.4%
EARNINGS AFTER TAXES AND MINORITIES +15.5%
DIVIDEND ?0.10 per share (+25%)
In 2007 the Nireus Group continued the dynamic performance of the previous years and was established as one of the dominant exporters of Greece.
The management of the Group achieved a strong increase in sales and profits by implementing its business plan.
More specifically, on the Group level:
- Sales amounted to 214.3 mi. versus euro 161.5 in 2006, posting a 32.7% increase over prior year.
- EBIDTA was 37.8 mi, representing a 38% rise above prior year
- Earnings Before Taxes increased by 40.7% to euro 20.4 mi.
- Earnings After Taxes amounted to euro 14.9 mi., posting an increase of 67.4%
- Finally, Earnings After Taxes and Minorities were euro 10.4 mi, a 15.5% rise over previous year.
The earnings of the Group have a euro 1.5 mi. variation from predictions - this is due to the lower than expected earnings of Marine Farms ASA.
On the company level, the full year results for 2007 amounted to:
Revenues of euro 184.1 versus euro 154.6 (+19.1%)
EBIDTA of euro 26 mi. versus euro 21.4 mi. (+21.5%)
Earnings Before Taxes of euro 13.7 mi. versus euro12.5 in 2006 (+9.6%)
Finally, Earnings after taxes remained stable at euro 9.8 mi.
DIVIDEND 2007
The Board of Directors will propose to the Annual Shareholders Meeting a dividend of euro 0.10 per share, 25% above last year.
GROUP HIGHLIGHTS FOR 2007
- Expansion through acquisitions in Greece ( Kego, Red Anchor ), Spain (Predomar) and Turkey ( Carbon ).
- Acquisition of substantial interest in the Norwegian fish farming company Marine Farms ASA.
- Launch of branded fish in cooperation with the supermarket chain AB Vassilopoulos (Delhaize Group)
- Beginning of operations for the Group's first Greek inland production unit for 10 gr. juveniles in Thesprotia,
- Divestment of the confectionary unit (Sarantis) in December.
- A share capital increase of euro 34.6 mi and a euro 19.9 mi. convertible bond issuance increased cash available for operations and expansion to ?52 mi.
COMMENT OF MR. ARISTIDES BELLES
On the occasion of the announcement of the Full Year Results for 2007, Mr. Aristides Belles, President and Managing Director of Nireus SA commented:
"Our results in 2007 continued the dynamic performance of the previous years. We achieved a strong increase in sales and profits. We expanded dynamically in Greece and abroad. We continued the research for the culture of new species. Finally, we adopted new technologies for the containment of cost and we will persist on this effort in the future.
2008 looks more challenging. The Group's numbers will continue their rising course. At the same time, despite the positive advance in the price of our product mix, the drop in the price of sea bream forces us to intensify our efforts in order to increase our sales volume and to further improve our productivity. Under the present conditions, we will attempt to reduce the effects from the constraints of the external factors and we will continue on building our long-term growth.
2008 also marks our group's 20th anniversary. For us, this is historical moment but also a reason to remember that NIREUS has grown because we give priority to the needs of our customers and our shareholders. We are determined to follow the same values and the same principles in the coming years."
Nireus is the largest producer of Mediterranean aquaculture globally. The Group has operations in 3 countries and exports to over 30 countries. Nireus shares are listed on the Athens Exchange (ATHEX: ÍÇÑ). |
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NEOCHIMIKI L.V. LAVRENTIADIS S.A. : Reply to Capital Market Committee's letter
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In response to the Capital Market Committee's letter dated 26-3-08 which refers to an article published in Naftemporiki newspaper on 24-3-08 and following briefing it received by Mr. Lavrentios Lavrentiadis, the company announces that the content of his letter addressed to it on 1-2-08 still holds in its entirety ie that at times he has received offers for the sale of his participation in the company as well as for strategic cooperation regarding the company, and that however no decision has been taken on this matter until today.
Mr Lavrentios Lavrentiadis' line of decision making always seeks to safeguard the company's normal flow of operations as well as the best interests of its employees and shareholders. Finally, in case of significant information flow that should be publicly released pursuant to Stock Exchange regulations, he will inform the company and the investor community in the appropriate manner, as he has done until today.
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