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| 26/08/2008 |
ALPHA ÂÁÍÊ S.A.
TITAN CEMENT COMPANY S.A.
GR. SARANTIS S.A.
S & B INDUSTRIAL MINERALS S.A.
LAMDA DEVELOPMENT S.A.
ELLAKTOR S.A.
ATTICA HOLDINGS S.A.
TITAN CEMENT COMPANY S.A.
LIBERIS PUBLICATIONS S.A.
HELLENIC TELECOM. ORG.
HELLENIC DUTY FREE SHOPS S.A.
KLEEMANN HELLAS S.A.
BLUE STAR MARITIME S.A.
GR. SARANTIS S.A.
THESSALONIKI PORT AUTHORITY S.A.
AUTOHELLAS S.A.
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
PASAL REAL ESTATE DEVELOPMENT S.A.
ALPHA ÂÁÍÊ S.A.
AEGEAN AIRLINES S.A.
ALTEC S.A. INFORM. & COMMUN. SYST.
HELLENIC EXCHANGES S.A. HOLDING
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
MICHANIKI S.A.
HELLENIC EXCHANGES S.A. HOLDING
MYTILINEOS HOLDINGS S.A.
HELLENIC EXCHANGES S.A. HOLDING
ALAPIS S.A
GR. SARANTIS S.A.
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ALPHA ÂÁÍÊ S.A. : Announcement of Purchase of Own Shares on 25.8.08
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| Alpha Bank announces that, pursuant to the decisions of its General Meeting of Shareholders of 3.4.2008 and its Board of Directors of 1.7.2008, on 25.8.2008 it purchased, via Athex member Alpha Finance A.E.P.E.Y., 20,000 own shares for a total consideration of Euro 373.4 thousand. |
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TITAN CEMENT COMPANY S.A. : Purchase of own shares.
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| TITAN CEMENT COMPANY S.A. announces that on 25.8.2008, the Company purchased 18,000 common own shares, against an average purchase price of Euro 24.95 per share and a total purchase price of Euro 449,151.00, in implementation of decision dated 20th May 2008 of the Annual General Meeting of Shareholders and resolution dated 20th May 2008 of the Board of Directors. The above 18,000 common own shares purchased through Alpha Finance.
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GR. SARANTIS S.A. : Purchase of own shares
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| In effect of the article 4, paragraph 4 of the 2273/2003 Regulation of the European Commission, the company GR. SARANTIS S.A. announces that according to article 16, Law 2190/1920, and based on the Shareholder's EGM which took place on the 02/06/2008 and the Board of Directors resolution dated 24/07/2008, during the trading session of 25/08/2008, acquired 4.000 own shares through "INVESTMENT BANK OF GREECE S.A." at an average price of 9,70 euro per share worth of 38.800 euros. |
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S & B INDUSTRIAL MINERALS S.A. : Share Buy back
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S&B Industrial Minerals S.A. announces in accordance with article 4 par.4 of Commission Regulation no 2273/2003 of the European Communities, that the Company has proceeded to the purchase of own shares, pursuant to the decision of the Annual General Meeting of Shareholders dated 14th May 2008 and the resolution of the Board of Directors dated 8th April 2008, as follows :
On 25.08.2008, the Company purchased 100 shares, with an average purchase price Euro 9,06 per share and a total purchase price Euro 906,00
The above 100 shares were purchased through Alpha Finance.
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LAMDA DEVELOPMENT S.A. : Purchase of own shares
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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 following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors' resolution dated May 22, 2008 purchased own shares through the Athens Exchange Member National P&K Securities, as follows:
On August 25, 2008 the Company purchased 2.800 shares, with average cost price euro 6,52 per share and total purchase price euro 18.256,00.
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ELLAKTOR S.A. : Purchase of Own Shares
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ELLAKTOR SA informs the investment public that in compliance with article 16 of C.L. 2190/1920 as this amended as is in force, as well as the No 2273/2003 of the Commission of the European Communities and in execution of the decision of the Extraordinary Shareholders General Meeting dated 10/12/2007and the decision of the Board of Directors dated 21/1/2008 proceeded to :
On 25/08/2008, through the ATHEX member, INVESTMENT BANK OF GREECE purchased 8,000 own shares, of average acquisition cost 6.99 euro per share and total transaction cost 55,930.00 euro.
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ATTICA HOLDINGS S.A. : Announcement of regulated information according to law 3556/2007
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| Attica Holdings S.A. (the Company), pursuant to the provisions of the Law 3340/2005 and 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 Vice-Chairman of the Board of Directors Mr. Andreas Vgenopoulos, bought 5,476 ordinary shares of Attica Group of total value Euro 24,347.48 on 25th August, 2008.
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TITAN CEMENT COMPANY S.A. : Announcement pursuant to Law 3556/2007.
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| 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. Vasilios Fourlis, independent non executive member of the Company's B.o.D., purchased on 25 August 2008, 500 common shares of our Company of a total value of euro 12,500.00.
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LIBERIS PUBLICATIONS S.A. : First half 2008 financial results
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Continuing improvement of the Group's financial results
During this first semester of 2008, consolidated turnover reached euro 46.8 million and profits before taxes, depreciation and financial expenses exceeded euro 2.8 million.
Summary Analysis of S1-08 Financial Results
Following a series of successful acquisitions in the consumer magazine and music radio sectors, the Liberis Media Group continues its steadfast growth. During the first six months of 2008, sales turnover reached euro 46.8 million, posting a 3.0% growth versus the relevant period of 2007. This positive development is mainly attributed to the following reasons:
a) Very good performance of radio operations, where revenue for the period has more than doubled. Through Three Dee S.A., a 100% subsidiary of the parent company, the Group operates three music radio stations and namely Best, EN LEFKO and VFM (formerly known as Village). The latter was acquired last January and is consolidated in the current financial statements as per IFRS requirements.
b) Robust growth of our consumer magazine publishing activity in Romania, where through Liberis Publications Romania we publish Glamour and Prevention. In the next few months, we are planning to launch GQ, a world-renowned men s lifestyle magazine which will consolidate our presence in the market further.
c) Steady revenue stream from our publishing activities in Greece, our home market. Despite the economic crisis that has affected our industry both in terms of advertising expenditure and copy sales, we have managed to maintain our revenue base largely unchanged. This is due to the fact that our stable of magazines consists of leading brands in the most important consumer categories, like STATUS (men s), 4 ÔÑÏ×ÏÉ (automobile), Áèçíüñáìá (city guide), Life & Style (women s), VOGUE (women s), Hello (weekly celebrity), 7 ÌÅÑÅÓ TV (weekly TV guide), Auto Bild (weekly car), GLAMOUR (women s) etc.
Group profits before taxes, depreciation and financial expenses exceeded euro 2.8 million, posting a notable 21.5% increase versus the first semester of 2007. This improvement is substantially higher than the relevant revenue growth and is attributed to our ability to contain overheads, reduce sales and marketing expenses and improve drastically the performance of our radio business.
Given the above positive developments and despite increased financial expenses (higher average borrowing levels and hiking interest rates) and higher depreciation, the Group profits before taxes grew by 84.5% and reached euro 0.80 million, as opposed to euro 0.43 million during the first semester of 2007.
Likewise, the improvement in operating cash flow has also been impressive and the relevant number has grown by 47.7%, standing at euro 2.85 million and as opposed to euro 1.93 million during the first semester of 2007.
Finally, total net debt (bank debt plus leasing minus cash reserves) has not materially changed compared to the level of 31.03.2008. More specifically, it amounts to euro 42.0 million, as opposed to euro 40.8 million of the first quarter. Dept level have been contained due to lack of new investments and the existence of stronger cash flows.
The Group's management recommends to any and all interested parties to visit the corporate website (www.liberis.gr), where detailed accounts of the financial performance have been posted.
For further information please refer to Mrs. Georgia Vrettou (Investor Relations Department at +30210 6688412).
Outlook for the Year 2008
Given our performance for this first semester, and assuming there is no further deterioration of the market conditions in Greece, we reiterate our 2008 estimate for sales revenue growth of circa 8% (turnover between euro 98 million and euro 100 million) and revise upwards our projections for this year s operating profitability growth, from 8-10% to 12-15% respectively (between euro 7.1 million and euro 7.4 million).
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HELLENIC TELECOM. ORG. : ANNOUNCEMENT
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Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, announces that on August 22, 2008, it proceeded with the temporary halt of certain interconnection circuits provided to Áltec Telecoms SA as a result of the latter?s overdue accounts with OTE and its failure to respond to its financial obligations over a long period of time.
Altec Telecom SA?s overdue accounts with OTE, for the current provision of services, exceeds euro 19 million, excluding the services provided during the months of July and August 2008.
ÏÔÅ had repeatedly requested, exhausting all means of negotiation, from Áltec Telecoms SA, the settlement of all of its overdue accounts, also stating that under the circumstances that Áltec Telecoms SA would fail to respond to its financial obligations, OTE would resort, in line with applicable law, to the discontinuation of the provision of its services to Áltec Telecoms SA. Additionally OTE had timely informed the Regulatory Authority (NTPC) of the aforementioned facts.
On August 25, 2008, the Single Judge Court of First Instance of Athens (Monomeles Protodikeio) rejected the claim of Altec Telecoms SA for the issue of a temporary order for the restitution of the provision of interconnection services that had been halted by OTE on August 22, 2008.
OTE remains focused on defending its financial stability against the practices of other operators which believe that OTE may be used as a telecommunications bank. OTE intends to repeat similar practices in order to safeguard the company?s and its shareholders rights.
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HELLENIC DUTY FREE SHOPS S.A. : Announcement pursuant to Law 3556/2007
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HELLENIC DUTY FREE SHOPS S.A. announces that, pursuant to the Law 3556/2007 and to the Law 3340/2005 (article 13) and the Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission, FOLLI FOLLIE S.A., which is closely associated to Mr. Dimitrios Koutsolioutsos, CEO of HELLENIC DUTY FREE SHOPS S.A., on August 25, 2008, bought 8,000 common shares of the Company, with total value of euro 86,810.28.
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KLEEMANN HELLAS S.A. : Release of Financial Results for the period 1.01.2008 - 30.06.2008.
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| KLEEMANN hereby announces that the Figures and Information for the period 01.01.2008 - 30.06.2008 will be published in the newspaper NAFTEMPORIKI on Thursday August 28th, 2008. Furthermore, the Financial Report for the six months ended 30 June 2008 will be available the same day on the Company's site www.kleemann.gr as well as on the Athens Exchange site www.ase.gr.
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BLUE STAR MARITIME S.A. : Announcement of regulated information according to law 3556/2007
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Blue Star Maritime S.A. (the Company), pursuant to the provisions of Law 3340/2005 and 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 5,480 ordinary shares of the Company of total value Euro 15,352.56 on 25th August, 2008.
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GR. SARANTIS S.A. : Purchase of Own Shares
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| The company GR. SARANTIS S.A., within the context of the share buyback program that was approved by the Company's Extraordinary Shareholders Meeting dated 02/06/2008 and based on article 5 (par.3) of the 2273/2003 Regulation of the European Commission, announces that it plans to proceed on the trading session of 26/08/08 to share purchases exceeding the limit of 25% of the average daily volume, as the latter is defined in par. 2 of the aforementioned article.
The share purchases will not exceed the 50% of today's volume. |
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THESSALONIKI PORT AUTHORITY S.A. : Approval of the result of the Tender for the Concession of Th.P.A. SA's Container Terminal
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ThPA SA announces that today Tuesday 26th August 2008, the Company's Board of Directors at a scheduled meeting decided:
A)The approval of Record No 4 of the Evaluation Committee regarding the concession of the THPA SA Container Terminal.
B)The proclamation of the consortium "HUTCHISON PORT HOLDINGS LIMITED, HUTCHISON PORT INVESTMENTS SARL, ALAPIS ÁÅ, ËÕÄ ÁÅ"as "PROVISIONAL CONCESSIONAIRE".
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AUTOHELLAS S.A. : Announcement
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Autohellas SA, would like to announce that investors can find in the company s website (www.hertz.gr) as well as in the Athens stock exchange s website (www.ase.gr), a new First Semester 2008 Report, which includes additional information in the Board of directors report in relation to transactions with related parties, as well as a new Review report on interim Financial information by the certified Public accountant auditor.
The above additions have no effect on the already published financial statements.
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GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. : Financial Results for the six months ended 30/6/2008
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| Press Release |
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PASAL REAL ESTATE DEVELOPMENT S.A. : Financial Results - H1 2008
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Consolidated EAT of euro 1.97 mil. in the H1 2008.
PASALs investment plan is accelerating.
PASAL Development S.A. announces that the consolidated earnings after tax and minorities for the 1st half of 2008 amounted to 1.97 mil. euro from 3.9 mil. euro in the corresponding period of 2007.
Earnings before taxes, interest and depreciation (EBITDA) amounted to 4.1 mil. euro compared to 6.6 mil. euro in 2007, while the consolidated earnings before taxes amounted to 3.0 mil. euro compared to 5.6 m euro the same period last year. The decrease is mainly due to differences in the property portfolio value adjustment, as in H1 2008 that amounted to 4.1 mil. euro from 6.8 mil. euro in H1 2007, taking into consideration the fact that most developments are expected to be completed in the H2 2008, in contrast with 2007 where developments were completed in H1 2007.
The group's consolidated income (resulting from rental income and provision of services) for the H1 2008 amounted to 1.7 mil. euro compared to 1.04 mil. euro last year, posting an increase of 68% while operating expenses amounted to 2.6 mil. euro compared to 1.3 mil. euro in 2007. This was primarily due to the companys increased investment activity and due to the increase in personnel expenses. Specifically, employee headcount was 34 persons on 30.6.2008 up from 22 persons in the respective period last year. Consolidated net financial results (interest payable less interest receivable) amounted to 1.1 mil. euro and remained constant compared to last year.
During the H1 2008, Pasal proceeded with the following corporate actions:
- The completion and setting in operation of the commercial property in N. Efkarpia, Thessaloniki (the property is facing the Egnatia Motorway)
- Three new properties were purchased: (i) a land plot of 40,832 sq.m in Oreokastro area in Thessaloniki, facing the Egnatia Motorway, (ii) a land plot of 3,900 sq.m on Alimou Ave. in Athens, and (iii) a land plot of 50,000 sp.m. in Larisa. The initial investment for the three purchases amounted to 18,5 mil euro.
- The sale of two investment properties developed by Pasal both located on Kifisias Ave. was completed, for a total amount of 16 mil. Euro.
- On June, PASAL acquired 37.08% of Piraeus R.E.I.C. share capital for a total amount of 42.3 mil Euro. Such an investment goes along Pasal's growth strategy for further development and consolidation in the real estate sector, through the use of the synergies that will be created. This development is expected to accelerate the investment plan and consequently the growth of the company, as it considerably enhances its position in the real estate and property development sector.
Since the companys IPO on the Athens Stock Exchange (commencement of trading on 4/1/2008) and the raise of 23.3 m euro, the company has invested 8.4 mil. euro as of end of H1 2008. The companys net debt (bank loans minus cash & cash equivalents) at the end of the H1 2008 amounted to 86.7 mil. euro, and the loan to value ratio (LTV) - without taking into account the loan for the purchase of Piraeus R.E.I.C. shares - amounted to 49.5% and remains at low levels, given the fact that the premium from the investment properties that are completed within 2008, is not taken into account.
The Net Asset Value before deferred taxation (NAV) on 30.06.2008, amounted to 99,174 thousands Euro (?6.6/share) while Net Asset Value after deferred taxation (triple net NAV -NNNAV) amounted to 83,847 thousands Euro (?5.6/share). By the end of 2008 a considerable increase in Net Asset Value (NAV) is expected, due to the completion of the investments that PASAL will materialize within the second half of the year.
The largest developments under way are:
- The shopping center at 180 Pireos Str. in Tavros which is under construction is expected to operate in December 2008. The new shopping center will have a total area of 58,000 sq.m. with 700 parking spaces and 20,000 sq.m. lettable area that will accommodate 80 retail stores as well as dinning areas. The company has already signed leases with well established retail brands covering 65% of total lettable area. Pasal expects initial annual income of 6 mil. euro from the operation of this shopping center.
- The logistics center in Elefsina, with a total area of 33,900 sq.m. is expected to begin its operation in October 2008.
- The development of the property in Alimou Ave., where demolition works of the existing building have already been completed and the construction of a commercial complex with a total area of 4,000 sq.m and 80 underground parking places has commenced. The building is expected to be operational during the 2nd quarter of 2009.
In the context of implementing its investment plan, PASAL is planning new developments of 150 mil euro during the next two-year period, in Athens and other regions of Greece and the Balkans, from which 95 mil Euro refer to investments undertaken in seven different projects. At the same time, the Company will pursue other investments as well. Particular emphasis will be given to the promising sectors of shopping centers (malls, big boxes) and retail outlets in Athens, Thessaloniki and in other large secondary cities. In the context of developing activities in new markets, particularly in the Balkan region, Pasal Development has established a subsidiary company in Belgrade, Serbia.
Pasal Development S.A. has signed an agreement with Lehman Brothers to act as its financial advisor with respect to the company's growth strategy and capital structure. With this collaboration Pasal aims to successfully and systematically emerge as one of the most dynamic and promising real estate players in Greece and South Eastern Europe.
The brief financial information for the six-month period that ended on 30 June 2008 will be published in the newspaper Naftemporiki on 27/8/2008, while the brief consolidated and company interim financial statements will be posted on the companys website (www.pasal.gr ) on the same day.
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ALPHA ÂÁÍÊ S.A. : Ç1 2008 Results
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| See the Press Release. |
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AEGEAN AIRLINES S.A. : Press Release
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| See the Press Release. |
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ALTEC S.A. INFORM. & COMMUN. SYST. : Altec Group answer to the Capital Market Commission
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In reply to a relevant question asked by the Capital Market Commission, which arose from a press release issued by OTE on 22/8/2008 and an announcement made by our company in the Daily Official List of the Athens Stock Exchange on 25/8/2008, and in accordance with article 2, paragraph 3 of Resolution no. 3/347/12.07.2005 passed by the Board of Directors of the Capital Market Commission, we would like to inform you on the following:
a) The capacity percentage of the total telephony interconnection circuits of our subsidiary Altec Telecoms S.A. which have been cut off by ÏÔÅ in the entire territory of Greece is 85%. The ADSL interconnection has been cut off by 75%, whereas 10 long distance leased circuits (backbone) have been cut off, and the Athens Internet Exchange (ÁÉ×) has been cut off by 80%.
b) Since our subsidiary Altec Telecoms S.A. intends to pay its overdue amounts to OTE in the following days, in cooperation with its crediting banks, it is expected that OTE will activate the circuits and thus we feel that the company's financial results will not be materially affected both for Altec Telecoms and the Group in general.
However, even this short cut-off of our circuits is illegal and abusive, thus dealing a serious blow on the image and reputation of our company, and thus we intend to seek indemnification using all available legal means.
c) The overdue amounts owed by Altec Telecoms S.A. to ÏÔÅ as at 22/8/2008 amounted to euro 6.8 million. The balance of the amount settled through an agreement concluded on 26/10/2007 is now equal to euro 4.6 million, and payment thereof will be made in accordance with a settlement reached on 31/8/2009.
The amounts due which are doubted by our Company, for which OTE does not have any documents of proof whatsoever, which makes them totally ungrounded, amount to euro 7.5 million.
In the following days we are going to negotiate a settlement aimed at restoring the company's operations, in an effort to minimize the problem that arose from circuit cut-off by OTE. The abusive behavior of OTE, which uses its dominant, even monopolistic in some cases, position has forced us to make payments even for ungrounded debts.
However, to ensure the full restoration of the services we offer to our customers, we will use the circuits of other providers, where possible, in order to continue the smooth operation of the company.
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HELLENIC EXCHANGES S.A. HOLDING : Share buy back
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HELLENIC EXCHANGES S.A. HOLDING, CLEARING, SETTLEMENT AND REGISTRY (the Company) informs investors that, based on §4 article 4 of the European Commission Regulation 2273/2003, and in implementation of the resolution of the Annual General Meeting of shareholders of the Company of 14.5.2008, it purchased own shares, as follows:
On 26.8.2008 27,300 own shares were purchased, at an average price of euro 7.36 per share, and total transaction cost of euro 200,928.00
Share buy-backs are taking place through the members of Athens Exchange Alpha
Finance, ABG Securities, EFG Eurobank Securities and Midas Securities.
Following the abovementioned purchases, the Company owns 2,589,830 own shares (3.67% of the total 70,485,563 shares outstanding). |
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SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Purchase of own shares
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In accordance with article 4, par. 4 of Regulation 2273/2003 of the Committee of European Union, «Sciens International Investments and Holding S.A." announces that following the resolution of the Extraordinary General Meeting of the Shareholders dated February 05, 2008 and the Board of Directors' resolution dated March 5, 2008, and in accordance with article 16 of L. 2190/1920, during the trading session of 26.08.2008 acquired 9.300 own shares through «EUROXX SECURITIES S.A." at the price of euro 0,80 per share and the total value of the transaction amounted to euro 7,440. |
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MICHANIKI S.A. : Results of 1st Semester 2008
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On the occasion of publicizing the financial results of the 1st semester of 2008, the Administration of the MICHANIKI Group announces the results main points:
On a Group level:
The consolidated turnover for the 1st Semester of 2008 reached euro 113.95 million compared to euro 102.73 million for the corresponding period of 2007, increasing by 10.92%.
The consolidated earnings before interest, taxes, depreciation and amortization (EBITDÁ) amounted to euro 54.67 million compared to euro 28.15 million for the corresponding period of 2007, increasing by 94.24%.
Earnings before taxes amounted to euro 49.78 million compared to euro 22.47 million for the corresponding period of 2007, increasing by 121.56%.
The consolidated net earnings after taxes, BoD fees, and tax-audit differences increased by 118.73% and amounted to euro 36.79 million, compared to euro 16.82 million for the corresponding period of 2007.
The consolidated net earnings, after taxes, BoD fees and tax audit differences, and after subtracting minority rights, increased by 89.86% and amounted to euro 31 million compared to euro 16.33 million for the corresponding period of 2007.
On the parent company level, MICHANIKI SA achieved:
a Turnover amounting to euro 91.93 million compared to euro 65.20 million, or an increase of 40.99%;
Earnings before interest, taxes, depreciation and amortization (EBITDÁ) amounted to euro 16.69 million compared to euro 15.45 million for the corresponding period of 2007, increasing by 8.04%;
Earnings before taxes amounted to euro 14.42 million compared to euro 17.56 million for the corresponding period of 2007, decreasing by 17.90%.
The net earnings after taxes, BoD fees, and tax-audit differences amounted to euro 10.33 million compared to euro 13.56 million for the corresponding period of 2007, decreased by 23.82%. The decrease in the parent company's earnings are due to the shrinking of financial results by euro 3.81 million and to the increasing of amortizations by euro 574 thousand compared to the corresponding 1st semester of 2007. Non-executed contracts of MICHANIKI SA and its subsidiary THOLOS SÁ at the end of the 1st semester amounted to euro 337.16 million.
The Group's Gross Profit Margin remained in satisfactory levels as per the 1st semester of 2008, amounting to 23.75% from 23.67% (2007). Gross earnings were increased by 11.29%, amounting to euro 27.06 million compared to euro 24.31 million in the corresponding period of 2007.
The Group continues to invest during the first semester of 2008 in order to expand its activities and estates, mainly abroad. There was a significant increase in estate investments, mainly abroad, where in the 1st semester of 2008 euro 14.28 million were invested in the Egyptian market and euro 182 thousand in the purchase of estates in Bulgaria, bringing the Group's total investment to euro 167.51 million against euro 59.03 million of the corresponding period of 2007, namely a 183.8% increase.
Positive circumstances and prospects for further development, expansion and broadening of our activities also characterize this current year. More specifically, on 2008 major developments were realized or are anticipated in the Group's following activity sectors:
In Construction, the Company is currently constructing 21 infrastructure projects in Greece, and will take part in the State bids pertaining to projects whose financing falls within the 4th Community Support Framework, always aiming at a steadily increasing profitability. On March 2008, the constructing company THOLOS SA - 100% subsidiary of MICHANIKI SA - entered into a contract for the project: "Construction of Infrastructure in the section Polykastro-Idomeni, with a 10.8 kilometer span (2nd Phase)", with a value of euro 11.95 million.
In Energy, utilizing its infrastructure and know-how in large project construction, the Company aims to become an electricity producer through Hydroelectric Stations. During the first semester of 2008, the Michaniki Group announced that it has acquired by the Ministry of Development the license to produce electricity for the Karpenisiotis hydroelectric station. The station, to be constructed in the prefecture of Evrytania, will have an output of 5.4 MW, while the electricity production will amount to about 22 GWh annually, with a value of euro 1.7 million. The project's budget amounts to euro 9 million.
In Estate development and exploitation, aiming for the company?s continuous development and for the promotion of Hellenic entrepreneurship abroad, MICHANIKI has opened significant venues in large and very promising foreign markets, such as these in the Ukraine, Russia, Bulgaria, Egypt and Belarus. Estate development and exploitation is increasingly significant for the MICHANIKI Group, due to the global trend of projects orienting to the form of "construction - financing - exploitation" by private interests and joint-venture schemes.
The following are significant events realized for the Group's subsidiaries abroad during the 1t semester of 2008:
* On January 2008 the MICHANIKI Group of Companies announced that the subsidiary MICHANIKI RUSSIA acquired on 16.01.2008 the license for the construction of "Hera" residential compound to be constructed in Moscow's northwestern suburb Himki. The compound's size amounts to 15,500 sq.m. and includes apartments, stores, gyms and underground parking spaces. Already 5 apartments and 2 parking places are pre-sold.
* Also on January 2008, in parallel with increasing the share capital of its subsidiary MICHANIKI Egypt (Michaniki Egypt Real Estate and Tourism Enterprises SAE), the Administration of MICHANIKI announced the purchase of an estate in the area of Cairo city. The estate, with an area of 17,820 sq.m., is characterized by very good accessibility. The total amount for the purchase was euro 3.56 million.
* On April 2008, the Administration of the MICHANIKI Group of Companies announced the purchase of an estate by the Group's subsidiary Michaniki Egypt Real Estate and Tourism Enterprises SAE in Cairo. The estate, the second acquired by the Group in Egypt, has an area of 147,500 sq.m. and is located in the El-Azezeya region of Cairo. The purchase amounted to euro 11.3 million. The estate, with a 523 m. frontage in Alexandria Desert Road, is destined for the construction of a mixed usage compound that will include offices and residences.
* On June 2008, the MICHANIKI Group of Companies announced that its subsidiary MICHANIKI UKRAINE acquired the permit for the construction of the "ULYSSES' DREAM" residential and entertainment park in the Black Sea coast, with a total area of 200,000 sq.m., destined for the construction of a residential and entertainment center with a total area of 252,000 sq.m.
* In Kiev, the construction of the "Artemis" complex is under way. The construction has a total area of 53,000 sq.m. and is located in the city's eastern suburbs. From the commencement of the project (1st semester 2006) 95 apartments, 6 offices, 2 stores and 42 parking places have been pre-sold. The project will be completed in the 2nd semester of 2009.
* The construction of the building complex "Megas Alexandros" in Moscow continues on a fast pace. The project consists of 3 towers of 20, 25 and 34 storeys, of a total area of 166,000 sq.m. It is located in the Himki suburb, on the MKAD Ring and on Leningradski Avenue.
* In the current period, "MICHANIKI SA" and its subsidiaries "BALKAN EXPORT SA" and "HELLENIC PIPEWORKS SA" proceeded to establishing the following companies, headquartered in Cyprus:
* MICHANIKI HOLDING (CYPRUS) LIMITED
* VALKAN HOLDING LIMITED
* MICHANIKI REAL ESTATE (CYPRUS) LIMITED
* HELLENIC PIPEWORKS HOLDING LIMITED
Establishment of these companies is part of the plan prepared for the Group's restructuring, as detailed in the information bulletin of 30.05.2008 (protocol no. 19392).
The Company's Administration also announced in June 2008 the expiration of the program for the purchase of own shares. In the period from 24.07.2007 to 20.06.2008, MICHANIKI SA acquired 584,567 of its common shares at an average acquisition price of ?6.12 per share.
The publication and announcement of the financial statements data will be effected on Wednesday, August 27. Analytical information with regard to the company's investment program in foreign countries can be found in the Company's website: www.michaniki.gr , under "PRESENTATIONS TO ANALYSTS".
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HELLENIC EXCHANGES S.A. HOLDING : Announcement of regulated information according to Law 3556/2007
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Hellenic Exchanges S.A. announces, pursuant to Law 3556/2007 (articles 3 and 21) and in conjunction with article 11 of resolution 1/434/03.07.2007 of the Capital Market Commission, that EFG Eurobank Securities notified it:
1. on 25.08.2008 that it purchased on 22.08.2008 8,400 HELEX common registered shares with a total value of euro 61,048.00
2. on 25.08.2008 that it sold on 22.08.2008 500 HELEX common registered shares with a total value of euro 3,646.00
The above transactions were made for the derivatives market making account. |
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MYTILINEOS HOLDINGS S.A. : Announcement of Acquisition of Owned Shares
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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 S.A." as follows:
1. On 26.08.2008, the Company acquired 55.000 shares of a total value of euros 446,511.82 at an average acquisition price of euros 8.12 per share. |
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HELLENIC EXCHANGES S.A. HOLDING : Announcement of regulated information according to Law 3556/2007
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| Hellenic Exchanges S.A. announces, pursuant to Law 3556/2007 (articles 3 and 21) and in conjunction with article 11 of decision 1/434/03.07.2007 of the Capital Market Commission, that it was notified that the Director Mr Porfyris Nikolaos purchased on 25.08.2008, 250 common registered shares with a total value of euro 1,855.00. |
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ALAPIS S.A : Acquisition of own shares on 26.8.2008
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| In accordance with article 4, par. 4 of Regulation 2273/2003 of the Committee of European Union" ALAPIS HOLDING INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME OF PHARMACEUTICAL, CHEMICAL AND ORGANIC PRODUCTS" announces that following the resolution of the General Meeting of the Shareholders dated February 4, 2008 and the Board of Directors' resolution dated June 26, 2008, and in accordance with article 16 of L.2190/1920, during the trading session of August 26th, 2008, acquired 210,000 own shares through "PIRAEUS AEPEY" at the average price of Euro 1.70 per share and the total value of the transaction amounted to Euro 356,160.00.
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GR. SARANTIS S.A. : Purchase of own shares
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In effect of the article 4, paragraph 4 of the 2273/2003 Regulation of the European Commission, the company GR. SARANTIS S.A. announces that according to article 16, Law 2190/1920, and based on the Shareholder's EGM which took place on the 02/06/2008 and the Board of Directors resolution dated 24/07/2008, during the trading session of 26/08/2008, acquired 29.998 own shares through "INVESTMENT BANK OF GREECE S.A.' at an average price of 9,56 euro per share worth of 286.780,92 euros.
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