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| Listed Companies' Press Releases |
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Monthly Press
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| 18/07/2007 |
MARFIN INVESTMENT GROUP HOLDINGS SA
EFG EUROBANK ERGASIAS SA.
INTRALOT S.A.
J. & P. - AVAX S.A.
HELLENIC TELECOM. ORG.
EUROPEAN RELIANCE GEN. INSURANCE CO. S.A.
THESSALONIKI PORT AUTHORITY S.A.
HELLENIC TELECOM. ORG.
PUBLIC POWER CORPORATION SA
SPRIDER STORES S.A
EUROBANK PROPERTIES REIC
FOURLIS S.A.
MARFIN POPULAR BANK PUBLIC CO LTD
BANÊ OF CYPRUS PUBLIC COMPANY LTD
PUBLIC POWER CORPORATION SA
ILEKTRONIKI ATHINON S.A.
DIAGNOSTIC & CURING CENTRE OF ATHENS YGEIA
MARFIN POPULAR BANK PUBLIC CO LTD
INTRACOM S.A. HOLDINGS
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MARFIN INVESTMENT GROUP HOLDINGS SA : Announcement
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| MARFIN INVESTMENT GROUP announces that it has managed to acquire 50,86% of the shares of VIVARTIA. MIG intends to submit a public offer for the acquisition of up to 100% of the shares of VIVARTIA. |
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EFG EUROBANK ERGASIAS SA. : 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, EFG Eurobank Ergasias S.A. ("the Bank") announces that according to Company Law 2190/1920, article 16, par. 5, and following the decision of the Annual General Meeting of the Shareholders of the Bank dated April 3, 2007 and the Board of Directors' resolution dated April 3, 2007, purchased own shares through the Athens Exchange Member EFG Eurobank Securities, as follows:
a) On 10 July 2007 the Bank purchased 24,000 shares, with average cost price Euro 26.73 per share and total purchase price Euro 641,624.96.
b) On 11 July 2007 the Bank purchased 59,754 shares, with average cost price Euro 26.39 per share and total purchase price Euro 1,576,806.74.
c) On 12 July 2007 the Bank purchased 15,000 shares, with average cost price Euro 26.78 per share and total purchase price Euro 401,627.90.
d) On 16 July 2007 the Bank purchased 62,599 shares, with average cost price Euro 27.06 per share and total purchase price Euro 1,693,845.24.
e) On 17 July 2007 the Bank purchased 94,200 shares, with average cost price Euro 26.75 per share and total purchase price Euro 2,519,387.68.
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INTRALOT S.A. : Reply to HCMC Letter
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Following a question from the Capital Markets Commission through its letter dated 17.07.2007/2963 and in accordance with article 2 par.3 decision 3/347/2005 of the Capital Markets Commission, the Company answers the following regarding its participation in the consortium Nanum Lotto, which was declared the winner in the international tender for the exclusive license to operate and manage lottery games in South Korea:
The Nanum Lotto consortium, in which INTRALOT participates, after being declared the winner of the above mentioned tender is in the process of negotiations to sign the relative contract regarding the project. For this reason, the Company (according to article 4 decision 3/347/2005 of the Capital Markets Commission) is not in a position to announce additional information regarding the project before the completion of the whole procedure. The Company will be able to provide more details following the signature of the contract and within the context of existing non disclosure provisions between the members of the consortium and the additional relative obligations which will be included in the contract regarding the operation and management of the South Korean lottery games that will be signed between all parties involved.
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J. & P. - AVAX S.A. : Increase of participation in Athena SA to 65,37%
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In accordance with Article 282 of the Athens Stock Exchange Regulation, J&P-AVAX S.A. announces the purchase of 186.547 shares of Athena SA at Euro 1,67 / share, for a total consideration of Euro 311.533,49 on July 17, 2007. Following the transaction, J&P-AVAX S.A. controls 65,37% of Athena SA's share capital.
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HELLENIC TELECOM. ORG. : Announcement
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| The Hellenic Telecommunications Organization SA (OTE SA), announces that: Following the decision no. 12/435/12.7.2007 of the Hellenic Capital Markets Commision, OTE has been granted the permission to proceed with the sale of a total of 896,967 shares; which had not been dematerialized (are still in paper form) by October 31, 2006 (closing date set by the Hellenic Capital Markets Commision); for the account of the beneficial owner of the securities. In addition, according to the same decision (12/435/12.7.2007), NUNTIUS Securities SA has been designated as the broker-member of the Athens Stock Exchange that will execute the transaction. The sale of the shares will commence on Monday, July 23, 2007 and will be conducted according to the provisions of decision no. 1/380/4.5.2006 of the Hellenic Capital Markets Commision and the provisions of Article 99A of the Athens Stock Exchange Regulation. |
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EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. : Announcement
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| The company EUROPEAN RELIANCE S.A. announces, based on L.3556/2007 (art. 3 and art. 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on July 17, 2007, Mr Stefanos Ioannis Verzovitis (bound person according to article 13 of Law 3340/2005), sold 14.568 common shares, with a total net value of Euro 48.699,35. |
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THESSALONIKI PORT AUTHORITY S.A. : Announcement
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| ThPA sa informs that the increase of the company's Share Capital, which has been decided by the Extraordinary General Meeting of 1.3.2007, hasn' been yet approved by the Ministry of Development. The company will issue a press release upon any further development on the subject. |
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HELLENIC TELECOM. ORG. : 2007 Second Quarter results under ifrs to be released on August 30, 2007
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Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, will release its 2007 second quarter results under IFRS on Thursday, August 30, 2007.
OTE's management will host a conference call at 17:00 (GREECE) / 16:00 (CONTINENT) / 15:00 (UK) /10:00 (EASTERN US) following the release, to review the results.
Details regarding conference call dial-in and replay numbers as well as the live audio webcast of the conference call, following the results release, will follow.
About OTE
OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in South-eastern Europe, providing top-quality products and services to its customers. Apart from serving as a full service telecommunications group in the Greek telecoms market, OTE Group has also expanded during the last decade its geographical footprint throughout South East Europe, acquiring stakes in the incumbent telecommunications companies of Romania, Serbia and Armenia, and establishing mobile operations in Albania, Bulgaria, the Former Yugoslav Republic of Macedonia and Romania. At present, companies in which OTE Group has an equity interest employ over 35,000 people in seven countries, and our portfolio of solutions ranges from fixed and mobile telephony to Internet applications, satellite, maritime communications and consultancy services. Listed on the Athens Stock Exchange, the company trades under the ticker HTO as well as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE?s American Depository Receipts (ADR?s) represents - ordinary share. Additional Information is also available on http://www.ote.gr.
Forward-looking statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the Company's future financial results are discussed more fully in the Company's filings with the U.S. Securities and Exchange Commission (the SEC), including the Company's Annual Report on Form 20-F for 2005 filed with the SEC on June 28, 2007. OTE assumes no obligation to update information in this release. |
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PUBLIC POWER CORPORATION SA : Announcement
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| PPC S.A. announces the appointment of Ms. Rania Bilalaki as Management Consultant, responsible for the coordination of the company's investor relations activities. |
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SPRIDER STORES S.A : Announcements
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A. SPRIDER STORES S.A. announces based on Law 3556/2007 (articles 3 and 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on July 17, 2007, the President and Executive Member of the Board of Directors (bound person according to article 13 of Law 3340/2005), Mr. Athanasios Dorotheos Hatzioannou bought 4.991 common shares, with a total net value of Euro 56.368,30, thus increasing his participation in the company's share capital and voting rights from 10.40% to 10.42%.
B. SPRIDER STORES S.A. announces based on Law 3556/2007 (articles 3 and 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on July 17, 2007, Mrs Anna Savvas Hatzioannou, daughter of the Vice President and Executive Member of the Board of Directors (bound person according to article 13 of Law 3340/2005, Mr. Savvas Dorotheos Hatzioannou bought 2.700 common shares, with a total net value of Euro 30.490,00, thus increasing her participation in the company's share capital and voting rights from 0,08% to 0,09%.
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EUROBANK PROPERTIES REIC : Lunch with the Press - Mr. A. Karytinos' Speech, Executive Member of BoD and member of the Investment Committee
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Ladies and Gentlemen,
The period of the last 18 months represents a milestone period for Eurobank Properties REIC with the main event being the extremely successful initial public offering of the Company's shares in the Athens Stock Exchange. As you may recall, the total demand was for 60.7 million shares, i.e. an oversubscription ratio of approximately 8.3 times.. The demand from the international qualified investors was particularly significant, and as a result the 7,290,066 shares of the Company, were allocated by 50% to the domestic public offering and 50% to the international offering. The net proceeds of the Company amounted to Euro78.9 million, of which 80% have already been invested mainly in office buildings with attractive terms that exceed the current average market yields. The participation of foreign investors is also notably increasing: in 2006 it amounted to 22% and currently amounts to 23%, evidencing our management's belief that our Company's share has become an attractive real estate investment options on an international level. The inclusion of the Company's share in the FTSE EPRA/NAREIT Global Real Estate Index constitutes a significant recognition for the Company. This particular index, which is considered as benchmark by the international institutional real estate investment community, includes more than 300 companies and is calculated on a daily basis by Euronext Indices B.V. The FTSE EPRA/NAREIT Global Real Estate Index is categorized into six index groups, covering a total of 60 indices in Asia, Europe and North America. Eurobank Properties REIC is the only Greek Real Estate Investment Company which is included in the global stock exchange index; this important achievement increases not only the reputation and recognition of the Company, but also creates potential for further similar success in the near future. In addition, the Company is also included in the FTSE/ASE MidCap 40 of the Athens Stock Exchange. In 2006, the Company showed high profitability with an increase of 72.5% in profits before tax compared to 2005 (Euro32.4 million in 2006 compared to Euro18.8 million in 2005). The improvement of both our fundamentals and results during 2006 allowed the Company to distribute a total dividend of Euro 0.64 per share, corresponding to an increase of 77.8% as compared to the 2005 dividend, and to a dividend yield of 4.12%, on the basis of the average market price of the share in 2006 and a dividend yield of 4.10%, on the basis of the IPO offer price. It must be noted that after the IPO, i.e. during the last 16 months, the Company has distributed dividends amounting to a total of Euro1 per share for the fiscal years 2005 and 2006, cumulatively representing an aggregate (i.e. for 2005 and 2006) dividend yield of 6.41% on the basis of the IPO offer price. The improvement of the Company's results continues in 2007: the Company's Q1 2007 net profits have increased by 88% compared to those of Q1 2006. The Company's strategy for future growth is to continue to acquire high-quality office, retail and logistics spaces in prime locations in Greece and, thanks to the recent amendments to the regulatory framework about which I will talk to you later,in Central and Eastern Europe to the extent permitted by capital and real estate market conditions. The Company believes that its strategy and its substantial knowledge of the regional real estate markets offer a competitive advantage in the identification of trends in its relevant markets and in accessing and pursuing investment opportunities of prime real estate at favourable terms in Greece as well as Central and Eastern Europe. Recently, L. 3581/2007 amended L. 2778/1999 governing Greek REICs. This amendment is expected to enhance the materialization of our strategy as well as the growth of the REIC sector in Greece. The basic changes introduced by the amendment are the following: - REICs are allowed to invest with a minimum shareholding of 90% in special purpose vehicles (SPVs) the exclusive purpose of which is the acquisition and exploitation of real estateGreek SPVs which are subsidiaries of a Greek REIC enjoy the same favorable tax regime as the parent REIC. - REICs are allowed to borrow up to 50% on their total assets for the acquisition or completion / refurbishment of real estate assets. - Elimination of the requirement to maintain at least 10% of total assets in cash and cash equivalents. - REICs are allowed to enter into promissory contracts for the acquisition, upon completion, of properties under construction (under conditions that ensure that REICs either do not assume or minimize development risk). - It is noted that REICs are not subject to capital gains tax and enjoy certain tax privileges in the case of corporate restructurings and/or mergers with other real property companies. - Finally, REICs are allowed to acquire and sell real estate properties, interests in SPVs and rights arising from promissory contracts at a price that may, following the changes on law, deviate by 5% from the relevant valuation of SOE (Body of Sworn-In Valuers of Greece, i.e. the regulatory valuer of assets held by Greek REICs). These changes give Greek REICs access to investments that, prior to the abovementioned amendments, they could not make, despite the fact that these investment opportunities represented the majority of the supplied investment product in Greece and abroad. Our experience indicates that most deals are offered through SPVs, while it is also important to be able to close an agreement when a property is at an early stage of construction. The new possibilities offered by the law give REICs greater flexibility in the real estate sector than in the past, eliminating a disadvantage that existed in the past compared to other type of companies investing in real estate. In addition, the increased gearing thresholds as well as the abolition of the minimum cash or cash equivalent requirements gives REICs increased possibilities of financing their growth. An important part of the Company's development strategy is to expand its investment activities abroad, in Central and Eastern European countries, which currently represent a significant investment interest and constitute an attraction to international real estate investors. Our Company believes that it is in a favourable position, since Eurobank EFG Group is already well positioned in the above geographical area with a successful presence not only in the financial sector but also in the real estate services sector (through specialised subsidiaries). In combination with the aforementioned amendments to the law and especially the possibility of holding interests in SPVs, the Company evaluates the opportunities to expand its real estate portfolio in Romania, Bulgaria, Serbia and other Central and Eastern European countries in accordance with its investment criteria and the applicable law requirements. As we have already announced, the Company is under negotiations for the acquisition of an office property in Bucharest with companies of the Eurobank EFG Group as potential tenants, and will proceed to a detailed announcement as soon as the relevant negations are concluded. The expansion of the Company's investments in Central and Eastern European countries issupported by Eurobank EFG Group, which maintains a local presence and has in-depth knowledge of the commercial real estate market in Central and Eastern Europe, including Romania, Serbia and Bulgaria and the Company intends to utilize this specialized knowledge while it continues to evaluate investment opportunities abroad. The Company believes that the in-depth knowledge of its management team, its relationship with the real estate sector and its ability to exploit the local resources of Eurobank EFG provides the Company with a competitive advantage in capitalizing on existing potential of the real estate market in Greece and Central and Eastern Europe. Confident in the Company's strategy for future growth, we will continue to respond to the challenges of the real estate market and to the expectations of the Company''s shareholders. The information contained herein is not for publication or distribution into the United States. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into the United States or any other jurisdiction. Securities may not be offered or sold within the United States, except pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the Securities Act) and applicable state laws. No security of the Company has been registered under the Securities Act, and there is no intention to conduct a public offering of securities in the United States.
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FOURLIS S.A. : Announcement according to law 3556/2007
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FOURLIS HOLDINGS SA announces that, according to law 3556/2007, on 16 July 2007 Capital Research and Management Company informed the company about the purchase of 513.564 stocks of FOURLIS HOLDINGS SA between 2 July 2007 and 11 July 2007.
According to the announcement of Capital Research and Management Company, after the purchasing of the above mentioned stocks, the percentage of voting rights of the company in FOURLIS HOLDINGS SA increased from 10,4909% to 11,4989%. |
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MARFIN POPULAR BANK PUBLIC CO LTD : Announcement
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| Marfin Popular Bank Group announces that they are in advanced discussions for the merger of its subsidiary company Laiki Investments Public Co Ltd with CLR Capital Public Ltd. The Group will inform investors of the progress of the discussions during the coming days. |
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BANÊ OF CYPRUS PUBLIC COMPANY LTD : Extension of exercise period of share options 2006-2007
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At its meeting held on 12 July 2007, the Board of Directors of Bank of Cyprus decided to extend the acceptance period for the exercise of the Share Options 2006-2007 until 31 August 2007, to provide members of staff that were not in a position to exercise their Share Options until 30 June 2006 the opportunity to exercise them.
It is reminded that 4.219.019 Share Options 2006-2007 were issued and allotted on 30 September 2006 to Bank of Cyprus staff in Cyprus and Greece who were was in service on 30 September 2006. According to the terms of issue of the Options, the initial exercise period was set from 31 March 2007 until 30 June 2007.
The total number of Share Options 2006-2007 which were exercised up until 30 June 2007 amounts to 4.162.255. The total number of Share Options which remained unexercised on 30 June 2007 amounts to 56.804, which are held by a total of 118 members of staff.
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PUBLIC POWER CORPORATION SA : Announcement
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The Board of Directors of PPC S.A. at its meeting held on July 17, 2007, decided to designate three deputy Chief Executive Officers, as follows:
a) One deputy Chief Executive Officer, who will administer the general divisions of the Mines, Generation and Supply.
b) One deputy Chief Executive Officer, who will administer the divisions of Transmission and Distribution, the Islands' Network Operator and of the Testing, Research and Standards Center.
c) One deputy Chief Executive Officer, who will administer the general divisions of Finance, Human Resources & Organization as well as, the Administrative functions.
In addition, the Board of Directors approved the appointment of Mr. Nicolaos Chatziargyriou, executive member and vice president of the Board of Directors of PPC S.A., as deputy Chief Executive Officer responsible for the supervision of the divisions of Transmission and Distribution, the Islands' Network Operator and of the Testing, Research and Standards Center. |
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ILEKTRONIKI ATHINON S.A. : Announcement of regulated information according to the law 3556
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The company Electroniki Athinon S.A. announces, according to the article 21 of the L.3556/2007 and the article 11 of the Hellenic Capital Market Commission decision 1/434/3.07.07 the following: Mr Stoutsis Ioannis Chairman & CEO of Electroniki Athinon (bound person according to article 13 of Law 3340/2005), proceeded on 17/07/07 to the purchase of 4,900 (four thousand nine hundred) common shares of total value 36,104 euros (thirty six thousand one hundred and four euros).
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DIAGNOSTIC & CURING CENTRE OF ATHENS YGEIA : Agreement for the Acquisition of Achilleion Hospital in Cyprus
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The Diagnostic & Therapeutic Center of Athens - HYGEIA S.A. announces the acquisition of a 56.7% stake of the share capital of Chryssafiliotissa Public Ltd who owns the ACHILLEION Hospital located in Limassol, Cyprus. ACHILLEION Hospital is a modern, private hospital built in 2004, with a building of 7,000 square meters, consisting of 86 inpatient beds (mainly suites and private rooms), 8 operating theatres, 5 labor & delivery rooms, an Intensive Care Unit, a Step-Down Unit, and significant diagnostic capability to include clinical laboratories, CT-Scan, MRI, etc. The hospital offers a wide range of medical specialties, including maternity and gynecology, and over 120 cooperating physicians. Achilleion Hospital also owns 100% of Limassol Medical Centre Achilleion ltd.
The acquisition price agreed to is CY£ 8,266,756. The agreement will be concluded following the satisfactory completion of legal and financial due diligence exercise, as well as, obtaining the necessary regulatory approval by the Anti-Trust Commission of Cyprus. The acquisition of a hospital in Cyprus is in the scope of HYGEIA's rapidly materializing expansion strategy calling for it to create the Region's largest integrated healthcare services group in Southeastern Europe.
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MARFIN POPULAR BANK PUBLIC CO LTD : Announcement
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| Marfin Popular Bank Public Co Ltd announces in accordance to Law 3556/2007, that on 16 July, 2007 IRF European Finance Investments Ltd gave it notice of the sale of 2.131.180 shares of the Bank registered in the name of Mimosa Trading S.A., a company controlled by IRF, at an average price of Euro 9,63 each. According to the company's notification, following the sale of the above shares the percentage of voting rights of Mimosa Trading S.A. in Marfin Popular Bank, was reduced from 5,124% to 4,856%. |
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INTRACOM S.A. HOLDINGS : Announcement
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| INTRACOM HOLDINGS, in order to inform the investing public, notifies that as the sole shareholder of the Cyprus-based INTRACOM HOLDINGS INTERNATIONAL LIMITED and in the framework of the coverage of the latter Company's nominal capital increase by the amount of Euro 9.121.621,00, transferred to INTRACOM HOLDINGS INTERNATIONAL LIMITED, as contribution in kind, 5.500.000 Registered shares of the Societe Anonyme HELLAS ON LINE (20%), the purchase value of which, as stated in INTRACOM HOLDINGS accounting books amounts to Euro 9.121.621,00.
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