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Listed Companies' Press Releases
Press Search | Monthly Press
26/05/2010
GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A.
ALPHA TRUST ÁNDROMEDA SA
TITAN CEMENT COMPANY S.A.
COCA-COLA Å.Å.Å. S.A.
FRIGOGLASS S.A.
BANÊ OF CYPRUS PUBLIC COMPANY LTD
TERNA ENERGY S.A.
BANÊ OF CYPRUS PUBLIC COMPANY LTD
ELGEKA S.A.
ALUMIL ALUMINIUM INDUSTRY S.A.
AGRICULTURAL BANK OF GREECE S.A.
SFAKIANAKIS S.A.
Forthnet S.A.
INTRALOT S.A.
EUROBANK PROPERTIES REIC
HELLENIC PETROLEUM S.A.
IASO S.A.
ALAPIS S.A
MARFIN POPULAR BANK PUBLIC CO LTD
KLEEMANN HELLAS S.A.
EUROBANK PROPERTIES REIC
MARFIN INVESTMENT GROUP HOLDINGS SA
MARFIN POPULAR BANK PUBLIC CO LTD
IASO S.A.
CORINTH PIPEWORKS S.A.
CORINTH PIPEWORKS S.A.
AEGEAN AIRLINES S.A.
NAT. BANK OF GREECE SA
EFG EUROBANK ERGASIAS SA.
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
SIDENOR S.A. (FORMER ERLIKON)
SIDENOR S.A. (FORMER ERLIKON)
ELLAKTOR S.A.
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM
BANÊ OF CYPRUS PUBLIC COMPANY LTD
GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. : PURCHASE OF OWN SHARES
GEK TERNA S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 25.06.2008 and the Decision of the Board of Directors dated 25.06.2008, proceeded on May 25, 2010 through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of 5,695 GEK TERNA's shares at an average price of 4.1775 euros per share and at with a total transaction value of 23,791.10 euros.
ALPHA TRUST ÁNDROMEDA SA : Announcement regarding the purchase of own shares
In compliance with Regulation No 2273/2003 of the Commission of the European Communities, the Company discloses that in implementing the decisions as of 09.10.2009 of the Extraordinary Shareholders Meeting and the Board of Directors, on the date mentioned hereafter proceeded with the purchases of own shares through the securities company EFG EUROBANK SECURITIES S.A. as follow:
On 25.05.2010, 1.779 shares of average acquisition cost 1,12 euro
TITAN CEMENT COMPANY S.A. : Announcement pursuant to Law 3556/2007
Titan Cement Co. S.A. hereby announces, pursuant to Law 3556/2007 and Capital Market Commission Decision No. 1/434/3.7.2007, and following notification provided to it pursuant to Article 13 of Law 3340/2005, that PAUL AND ALEXANDRA CANELLOPOULOS FOUNDATION, a legal entity closely associated with Mr. Nellos Canellopoulos, executive member of the Board of Directors of Titan Cement Co. S.A., bought on May 21, 2010 2,000 common shares of the Company of a total value of € 31,270.63 and on May 25, 2010 3,111 common shares of the Company of a total value of € 46,238,10.
COCA-COLA Å.Å.Å. S.A. : Announcement of share buy-back
Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic, the Company) announces, in accordance with article 4, paragraph 4 of Regulation 2273/2003 of the European Commission and pursuant to relevant resolutions of the Extraordinary General Meeting of its shareholders dated 27 April 2009 and of its Board of Directors dated 30 April 2009, that on 25 May 2010 it bought back 40,655 shares at an average price of euro 17.4832 per share, with a total value of euro 710,778.86. The shares were purchased through National P&K Securities S.A.
FRIGOGLASS S.A. : Ánnouncement of Share Buy Back
Frigoglass S.A announces, in accordance with the provisions of art. 4 par. 4 of the European Commission Regulation 2273/2003, that by implementation of the decision of the Extraordinary General Meeting of 5th of September 2008 and the resolution of the Board of Directors of 2nd October 2008, it purchased on 25th ïf May 2010 through INVESTMENT BANK OF GREECE S.A. 6.000 own shares with average purchase price of Euro 9,9467 per share and total purchase price Euro 59,680.00.
BANÊ OF CYPRUS PUBLIC COMPANY LTD : Group Financial Results for the quarter ended 31 March 2010.
Read the Announcement.
TERNA ENERGY S.A. : Purchase of own shares
TERNA ENERGY S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 23.06.2008 and the Decision of the Board of Directors dated 23.06.2008, proceeded on May 25, 2010 through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of 6,500 TERNA ENERGY's shares at an average price of 3.7515 euros per share and at with a total transaction value of 24,385.00 euros.
BANÊ OF CYPRUS PUBLIC COMPANY LTD : Presentation of Financial Results for 1st Quarter 2010
Read the Presentation.
ELGEKA S.A. : Clarifications regarding our company's press release of 21.5.2010 in relation to the agreement signed between our subsidiary "DIAKINISIS S.A." and "COSCO PCT".
Following the Capital Market Commission's query (by receipt of the 25.5.2010 letter, registration no. 2082) and in continuation of the 28.4.2010 and the 21.5.2010 Company's announcements and with our principles orientated to the accurate and as complete as possible briefing of the investing public, according to the orders of Decision 3/347/12.7.2005, we inform the investing public of the following:
a) The aforementioned contract has been singed between "COSCO PCT" and "DIAKINISIS S.A." having the ability to be transferred within any subsidiary company of ELGEKA GROUP.
b) The subject of the contract is the provision of loading / unloading and arrangement services of containers that take place in pier II of the Port of Piraeus. The corresponding charge for the previously mentioned services is defined by the number of occupied employees and the nature of requested activities based on the mutually agreed pricelist.
c) The contract has a duration of two years and will be automatically renewed annually unless a written complaint is communicated six months prior to the end of the contract by one of the related parties.
d) Taking into account the recent engagement of "COSCO PCT" in relation to the administration of pier II of the Port of Piraeus, it is highly unlikely at the moment to estimate any quantitative figures related to the aforementioned contract. The factors affecting these figures are: 1) The estimated managed containers, 2) Requested type of services, 3) Seasonality of provided services based on managed containers, 4) Expertise of the occupied workforce, etc.
The Management of both parties are in constant cooperation in order to assess all of the above with acceptable accuracy and in case the provision of any quantitative information is feasible, it will be announced to the investing public.
ALUMIL ALUMINIUM INDUSTRY S.A. : INVITATION to the Annual General Shareholders' Meeting
Pursuant to Codified Law 2190/20, the Company's Articles of Association, and No. 958)18.5.2010 Minutes of the Board of Directors, the Shareholders of ALUMIL S.A. are invited to the Annual General Meeting, on Thursday, June 24th, 2010, at 11:00 a.m., in Company's headquarters, located in the Industrial Area of Kilkis (Stavrochori). The daily agenda of the Meeting includes the following:
1. Submission and approval of the 2009 Annual Financial Statements, the related Report of the Board of Directors, the Auditors' report and the distribution of earnings.
2. Discharge of the members of the Board and the Auditors from any liability for indemnity with respect to the fiscal year 1.1 - 31.12.2009.
3. Approval of year 2009 fees and remunerations paid to members of the Board of Directors and preliminary approval for the respective fees of 2010.
4. Nomination of regular and substitute Certified Auditors for the fiscal year 1.1 - 31.12.2009.
The Shareholders have the right to attend and vote in the Annual General Meeting, either in person, or by proxy. Relative document of proxy is available in the web site www.alumil.com and at the head offices of our Company, in Kilkis and Thessaloniki.
Shareholders who wish to participate in the General Meeting must, through their Operator in the Dematerialised Securities System, block all or part of the shares they hold and submit to the Company's premises (Ind. Area of Kilkis, 611 00, tel. 23410 79300, 2310 555405, fax 23410 71988) the relevant share blocking certificate together with any authorisation documents at least five (5) days prior to the General Meeting. In case of absence of an Operator or if shares are deposited in a Special Account, the share blocking certificate shall be issued by the Hellenic Exchanges Holding S.A. (ex Central Securities Depository).
For shareholders who will not submit their share blocking certificate within the prescribed time, their attending and voting rights shall be subject to the General Meeting's approval.
AGRICULTURAL BANK OF GREECE S.A. : Announcement - Laws 3556/2007, 3340/2005 and article 24, para. 2a of Law 3461/2006.
ATEbank, according to the provisions of Laws 3556/2007, 3340/2005 and article 24, para. 2a of Law 3461/2006, in the context of its voluntary tender offer addressed to the shareholders of "Agrotiki Insurance S.A.", announces that on 25/05/2010 proceeded with the purchase of 22,193 common registered shares with voting rights of the company "Agrotiki Insurance S.A.", that represent 0.08% of the total voting rights of the Company, at the price of €1.53 per share.
Previous to the above purchase ATEbank SA owned directly 25,596,669 shares (93.70%) and after the above purchase ATEbank SA holds directly 25,618,862 shares (93.78%).
SFAKIANAKIS S.A. : Press Release
In a highly uncertain and unfavourable economic environment, SFAKIANAKIS Group of Companies completed the first quarter of this year presenting an increase in turnover.
The total car market presented an increase of 20.6% in the first quarter of 2010 compared to the corresponding quarter of 2009 and the Suzuki' car registrations amounted to 3,205 units presenting an increase of 37.1% compared to the first quarter of 2009.
Respectively, the total motorcycle market presented an increase of 20.2% during the first quarter of 2010 compared with the corresponding quarter of 2009 and Suzuki' motorcycle registrations amounted to 944 units, presenting an increase of about 5.7% compared with the first quarter of 2009.
Company's turnover in the first quarter of 2010 amounted to € 86.5 mil. presenting an increase of 12.6% compared to the corresponding period of 2009, operating results (EBITDA) amounted to € 1.9 mil. and results before taxes were formed to a loss of € 1.8 mil.
On consolidated level, Group's turnover in the first quarter of 2010 amounted to € 99.8 mil., presenting an increase of 8.4% compared to the corresponding period of 2009, operating results (EBITDA) amounted to € 5.1 mil. and results before taxes were formed to a loss of € 3.1 mil.
Company's management has already set since the beginning of the fiscal year the following goals:
Reduction of the total Group' stock which amounted on 31.03.2010 to € 142.4 mil., presenting a decrease of 27.7%. compared to € 196.9 mil. on 31.03.2009.
Reduction of the total receivables of Group companies, which on 31.03.2010 amounted to € 121.8 mil., presenting a decrease of 2.7% compared to € 125.2 mil. on 31.03.2009.
Furthermore the cut of expenses were continued, which had already begun since the beginning of 2009, at all levels the outcome of which will begin to reflect to the economic fundamentals of the company from the second quarter of the fiscal year.
To further reduce the operating expenses, Group's management intends to proceed in making a decision for the merger of the subsidiaries of the Group with a similar scope of work, as well as to the restructuring of the branch network of retail car sales.
Group's management continuing the restructuring of the companies' loans has signed a four-year Bond Loan of € 25,0 mil. for the subsidiary Executive Lease S.A.
Forthnet S.A. : Results for the Q1’10, Trading Update and operating performance.
Read the Press Release.
INTRALOT S.A. : Conference Call Invitation (First Quarter 2010 Results)
INTRALOT ANNOUNCES FIRST QUARTER 2010 RESULTS
Conference Call Invitation for Friday, May 28th 2010
Constantinos Antonopoulos, Chief Executive Officer, John Pantoleon, General Director of Finance and Business Development, Nikolaos Pavlakis, Accounting Director and Elias Athanasiou, Financial Analysis & Investor Relations Director, will address INTRALOT's analysts and institutional investors to present the Company's First Quarter 2010 results (to be released via e-mail and published in local newspapers on Friday, May 28th 2010) as well as to discuss the latest developments at the Company.
AGENDA: Brief Presentation
Question and Answer Session
Conference Call Details
Date: Friday, May 28th 2010
Time: Greek time 18:00 - UK time 16:00 - CET 17:00 - USA time 11:00 (East Coast Line)
Conference Phone GR +30 211 180 2000
Conference Phone GR + 30 210 94 60 800
Conference Phone GB + 44 (0) 800 376 9250
Conference Phone US + 1 866 288 9315
We recommend 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 on the 28th May at 20:00 (GR Time).
This Service will be available until the end of the business day of June 4th, 2010.
Please dial the following numbers and the
PIN CODE: 059 # from a touch-tone telephone
Digital Playback UK: + 44 (0) 800 901 2906
Digital Playback US: + 1 866 288 9317
Digital Playback GR: +30 210 94 60 929
In case you need further information, please contact Intralot IR, Mr. Elias Athanasiou, at the telephone number: +30?210-6156000 or Chorus Call Hellas S.A., our Teleconferencing Services Provider, Tel. +30?210-94 27 300.
EUROBANK PROPERTIES REIC : Announcement of regulated information according to the law 3556/2007
Eurobank Properties REIC (the Company) in accordance with the provisions of Laws 3556/2007 and 3340/2005, as well as the Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, announces that Lamda Development S.A. on May 21, 2010 acquired 39.248 Company's registered common shares with total amount of Euro 223.065,40. It is noted that Lamda Development S.A. pursuant to the provisions of Law 3340/2005 a related legal entity with Mr. Odysseas Athanasiou who is vice-president and non executive member of the Company's Board of Directors while is CEO and executive member of Lamda Development Board of Directors.
HELLENIC PETROLEUM S.A. : Press release
See company's press release.
IASO S.A. : Announcement of regulated information according to the law 3556/2007
The company IASO S.A. announces, according to 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 the Member of the Board of Directors, Mr THEOFANAKIS PANAGIOTIS of GEORGIOU (bound person according to article 13 of Law 3340/2005), on May 25th 2010, purchased 104 common shares, with a total net value of euro 238,75
ALAPIS S.A : Announcement
The company ALAPIS S.A. announces that ïn Thursday May 27th 2010, Q1 2010 financial results will be announced and Data and Information for the period 01/01-31/03/2010, will be published in the newspapers KATHIMERINI and IMERISIA which will also be posted according to the article 6 of the law 3556/2007 as integral part of the Interim Condensed Financial Statements for the period 01/01-31/03/2010, on the company's website (www.alapis.eu) and on the website of Athens Exchange (www. athex.gr).
MARFIN POPULAR BANK PUBLIC CO LTD : Decisions of the Annual and the Extraordinary General Meeting of 25 Ìay 2010
DECISIONS OF THE ANNUAL GENERAL MEETING
"MARFIN POPULAR BANK PUBLIC CO LTD" (the "Bank") announces that on 25.5.2010 the Annual General Meeting was held with the participation, in person or by proxy, of shareholders representing 41,85% of the Bank's share capital. During the Meeting concerned, discussion took place and decisions were taken on all the matters on the agenda, as follows:
1. The Report of the Directors and the Auditors were considered and unanimously approved, as well as the Financial Statements of the Bank for the year ended 31 December 2009.
2. Approval was unanimously granted for distribution of a dividend for the year 2009 of Euro 0,08 per share. At the same time the Board of Directors was authorised to determine the ex-dividend date, the date and the procedure for payment of the dividend to beneficiaries, taking into account the Financial Calendar announced to investors.
According to the above Calendar, beneficiaries for the dividend will be those holding shares at the end of the trading session of the Athens Stock Exchange and the Cyprus Stock Exchange on 31.5.2010, the ex-dividend date will be 1.6.2010, the record date will be 3.6.2010 and the start date for payment of the dividend will be 21.6.2010.
Shareholders have already been granted the right of re-investment of part or all of the dividend into shares of the Bank. The re-investment price will be 10% lower than the average closing price of the Bank's share on the Cyprus Stock Exchange and Athens Stock Exchange for the period 1.6.2010 - 7.6.2010 (first 5 days during which the share of the Bank shall be quoted ex-dividend).
3. The General Meeting approved on the basis of 99,97% of the share capital represented, the election of a new Board of Directors, made up of Andreas Vgenopoulos, Neoclis Lysandrou, Vasilios Theocharakis, Efthimios Bouloutas, Christos Stylianides, Panayiotis Kounnis, Eleftherios Hiliadakis, Platon Lanitis, Constantinos Mylonas, Stylianos Stylianou, Markos Foros, Fadel Al Ali, Abdulrazaq Al Jassim and Josefh Kamal Eskandar.
4. Approval was granted on the basis of 99,97% of the share capital represented, for an annual fee of Euro 20.000 for the Non Executive Members of the Board of Directors and Euro 10.000 for the Chairman of the Audit Committee.
5. Approval was granted on the basis of 99,97% of the share capital represented, for the reappointment of PricewaterhouseCoopers and Grant Thornton as Auditors of the Bank and the Board of Directors was authorised to determine their remuneration.
DECISIONS OF THE EXTRAORDINARY GENERAL MEETING
Following the conclusion of the Annual General Meeting business, an Extraordinary General Meeting of the shareholders of the Bank was held with the participation, in person or by proxy of shareholders representing 42,06% of the Bank's share capital. During the Meeting concerned, discussion took place and decisions were taken on all the matters on the agenda as follows:
1. SPECIAL RESOLUTION
Approval was granted on the basis of 99,34% of the share capital represented, as for the regulation 104 of the Articles of Association of the Bank to be deleted and be replaced by the following new regulation: "The Directors may elect a Chairman and up to two (2) Vice Chairmen for their meeting and may specify the period that each will hold this office. If, however, no Chairman or Vice Chairmen are elected, or if at any meeting of the Directors neither the Chairman nor the Vice Chairmen are present within ten minutes of the time for which the meeting has been called, the Directors present may select one of their number to perform the duties of Chairman at that meeting."
2. SPECIAL RESOLUTION
Approval was granted on the basis of 99,97% of the share capital represented, for the addition of regulation 5Á to the Articles of Association of the Bank as follows: "Without prejudice to the provisions of Section (3) of Article 47A of Companies Act (Cap. 113) and in accordance with the provisions of the legislation valid at the time, the Company can purchase its own shares, either directly or through a person acting in its own name but on behalf of the Company."
3. ORDINARY RESOLUTION
Approval was granted on the basis of 99,31% of the share capital represented, for the increase of the nominal share capital of the Bank form Euro 935.000.000 to Euro 1.062.500.000 by the creation of 150.000.000 additional shares of eighty five cents (€0,85) each.
4. SPECIAL RESOLUTION
Approval was granted on the basis of 99,29% of the share capital represented, for the authorisation of the Board of Directors of the Bank that, in the framework of the terms of the Issue of Capital Securities up to Euro 300.000.000 in one or more tranches as approved by the Board of Directors of the Bank at its meeting held on 30 March 2010 and especially in the framework of the Alternate Mechanism for the Satisfaction of Deferred Interest, to issue up to 123.500.000 ordinary shares of the Bank of nominal value eighty five cents (€0,85) each, without the shares being first offered to the existing shareholders of the Bank as provided by the Articles of Association of the Bank and the law.
KLEEMANN HELLAS S.A. : Release of Financial Results for the period 01.01.2010 - 31.03.2010
KLEEMANN HELLAS S.A. hereby announces that the Figures and Information for the period 01.01.2010 - 31.03.2010 will be published in the newspaper "IMERISIA" on Friday May 28th, 2010. Furthermore, the Figures and Information as well as the Interim Financial Statements for the period 01.01.2010 - 31.03.2010 will be available the same day on the Company site www.kleemann.gr as well as on the Hellenic Exchanges S.A. site www.ase.gr.
EUROBANK PROPERTIES REIC : Announcement of regulated information according to the law 3556/2007.
Eurobank Properties REIC (the Company) in accordance with the provisions of Laws 3556/2007 and 3340/2005, as well as the Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, announces that Lamda Development S.A. on May 25, 2010 acquired 21.490 Company's registered common shares with total amount of Euro 122.427,90. It is noted that Lamda Development S.A. pursuant to the provisions of Law 3340/2005 a related legal entity with Mr. Odysseas Athanasiou who is vice-president and non executive member of the Company's Board of Directors while is CEO and executive member of Lamda Development Board of Directors.
MARFIN INVESTMENT GROUP HOLDINGS SA : Announcement of constitution of the Board of Directors in body
"MARFIN INVESTMENT GROUP HOLDINGS S.A." hereby announces that the Board of Directors elected by the Ordinary General Meeting of Shareholders on 21.5.2010 was constituted in body on 26.5.2010 as follows:
1. Andreas Vgenopoulos, Chairman - Executive Member,
2. Manolis Xanthakis, Vice-Chairman - Non-Executive Member,
3. Dionyssios Malamatinas, Chief Executive Officer - Executive Member,
4. George Efstratiadis, Executive Member,
5. Panaghiotis Throuvalas, Executive Member,
6. Deepak Padmanabhan, Non-Executive Member,
7. Hesham Abdullah Al Qassim, Non-Executive Member,
8. Abdullatif Al Mulla, Non-Executive Member,
9. Areti Souvatzoglou, Non-Executive Member,
10. Fotios Karatzenis, Non-Executive Member,
11. George Lassados, Non-Executive Member,
12. Constantinos Los, Independent Non-Executive Member,
13. Marcos Foros, Independent Non-Executive Member,
14. Costas Grammenos, Independent Non-Executive Member, and
15. Alexandros Edipidis, Independent Non-Executive Member.
MARFIN POPULAR BANK PUBLIC CO LTD : Announcement of regulated information of the Cyprus Law 190 (É)/2007.
Marfin Popular Bank Public Co Ltd announces, pursuant to the Cyprus Law 190 (É)/2007, the following:
A. "Dubai Financial Group" informed in writing on 26/05/2010, the Capital Market Commission and the Issuer that it has granted a power of attorney to Efthimios Bouloutas authorising him, during the Ordinary and Extraordinary General Meetings of the Issuer's Shareholders on 25/05/2010, to exercise to his judgement 158.425.696 voting rights which correspond to 158.425.696 shares of the Issuer, namely a percentage of 18,81% on the Issuer?s total share capital and voting rights.
B. Efthimios Bouloutas informed in writing the Capital Market Commission and the Issuer that during the Ordinary and Extraordinary General Meetings of the Issuer's Shareholders on 25/05/2010, he was entitled to exercise at his discretion 213.332.598 voting rights, which corresponded to a percentage of 25,33% on the Issuer's total voting rights, by virtue of powers of attorney which were granted to him by shareholders of the Issuer. Following the conclusion of the General Meetings, the aforementioned individual ceased to possess the above voting rights.
IASO S.A. : ANNOUNCEMENT REGARDING IASO OF SOUTHERN SUBURBS S.A

IASO S.A. informs the investors that during the Annual Ordinary General Meeting of the Shareholders of IASO of SOUTHERN SUBURBS S.A., which took place on 25/05/2010, where shareholders of the Company representing 100% of its share capital participated, the following were decided:
a) The distribution of dividends to the shareholders for the financial year that ended on 31/12/2009. The dividend per share (as formed by the total profits of the Company, which amount to 543.240,00 Euros divided by the total number of the existing shares, namely 4.024.000 shares) will amount to 0,135 Euros minus the applicable tax (of 10%) per dividend. Thus the net dividend per share will be 0,1215 Euros.
b) The increase of the nominal value of the existing shares of the Company from 2,50 Euros per share to 50,00 Euros per share. At the same time the total number of shares was reduced from 4.024.000 shares to 201.200 shares, by replacing the old shares with the new ones that will be issued (reverse split). Consequently, the shareholders of the Company will receive one new share for 20 old shares (reverse split rate: 20).
c) The reduction of the Company?s share capital, which amounts to 10.060.000,00 Euros and is divided into 201.200 shares of nominal value 50,00 Euros per share (after the reverse split as decided according to the above) by reducing the nominal value of each share down to 0,30 Euros, so that the total share capital of the Company amounts, after the share capital?s reduction, to 60.360,00 Euros.
As a consequence of the above, the share capital of IASO of SOUTHERN SUBURBS S.A. amounts to 60.360,00 Euros and is divided into 201.200 shares with nominal value per share 0,30 Euros and the participation of IASO S.A. in the share capital of the above company remains 33.54 %.
CORINTH PIPEWORKS S.A. : ANNOUNCEMENT FIRST QUARTER 2010 FINANCIAL RESULTS
CORINTH PIPEWORKS S.A. first quarter of 2010 consolidated turnover reached €39.1 mil versus €124.0 mil in first quarter of 2009, marking a 68% decrease. The correction of international steel prices during the second half of 2009, when the said orders were placed, together with the adverse market conditions, as a result of global recession, have resulted to a decrease of activity in both energy and construction sectors,, which consequently affected the Group's turnover.
The Group's Q1 2010 gross profit formed at €11.4 mil. versus €27.6 mil. in Q1 2009. Consolidated ÅÂÉÔDÁ reached €8.6 mil versus €10.5 mil in Q1 2009 marking a smoother decrease by 18% approximately, as a result of the significant reduction of overhead expenses, while EBITDA margin reached 21.9% of the consolidated turnover versus 8.5% in Q1 2009. All the above, in conjunction with the significant reduction of financial costs have resulted to the consolidated profit before tax of €5.6 mil versus €6.6 mil. in Q1 2009 (15.4% decrease). Finally, Group earnings after tax and minority rights stood at €4.8 mil. (or €0.039 per share) versus €6.5 mil. (or €0.059 per share) in Q1 2009.
CORINTH PIPEWORKS net debt (Debt - Cash) on a consolidated basis amounted to €47.6 mil. on 31/3/2010, versus €39.1 mil. on 31/12/09. The Group Shareholders' Equity reached €156.4 mil. versus €149.6 mil on 31/12/09, while the Group's retained earnings currently amount to €20 mil.
The decrease of capital expenditure in the energy sector and the protectionism of the international markets continued during the first quarter of 2010. CORINTH PIPEWORKS has adjusted, as far as possible, its cost base on the new conditions, aiming at maintaining its sound capital structure and exploiting the opportunities that will emerge from the expected recovery of the global economy. Moreover, the substantial depreciation of the Euro against the US Dollar, in conjunction with the Group?s advanced know-how and its geographical proximity to markets which are expected to attract substantial investments in energy infrastructure projects, will boost its competitive position, while smoothing the consequences of the adverse market conditions.
The Data and Information of the period 1.1.2010 - 31.3.2010 will be published at the May 27, 2010 edition of the newspaper "NAFTEMPORIKI" and together with the Interim Financial Statements of the same period will be uploaded on the company's website, www.cpw.gr , as well as on the ATHEX website www.athex.gr.
CORINTH PIPEWORKS S.A. : IR Release Q1 2010
IR Release.
AEGEAN AIRLINES S.A. : First Quarter 2010 Results
First Quarter 2010 Results
NAT. BANK OF GREECE SA : NBG Group Q1 10 results
Press Release.
EFG EUROBANK ERGASIAS SA. : Announcement
EFG Eurobank Ergasias S.A. ( Eurobank) as part of its strategic planning for the optimal use of its assets and for further enhancing its liquidity for the development of its activities, has issued on May 26, 2010 the second series of covered bonds of Euro 750 million, rated A3 by Moody's.
The issue has a maturity of 1 year, which can be extended by 1 year, with a coupon rate based on the ECB rate plus a margin of 135 bps. The cover pool for this bond consists mainly of residential mortgage loans originated by the bank.
The Euro 750million covered bond is issued under a programme which was approved during the 03.03.2010 meeting of the Board of Directors of Eurobank EFG. Under this programme, Eurobank, subject to its discretion, will be able to issue covered bonds up to an amount of Euro 5 billion, efficiently utilizing its assets. The first series of Euro 500 million was issued on the 8th of March 2010, which brings the total amount of covered bonds issued under this programme to Euro 1.25 billion.-
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Purchase of own shares
In accordance with article 4, par. 4 of Regulation 2273/2003 of the Commission of European Union, "Sciens International Investments and Holdings S.A." announces that following the resolution of the Extraordinary General Meeting of the Shareholders dated May 20, 2010 and the Board of Directors' resolution dated May 20, 2010, and in accordance with article 16 of L. 2190/1920, during the trading session of 26.05.2010 acquired 5,346 own shares through "PROTONBANK S.A." at the price of € 0.40 per share and the total value of the transaction amounted to € 2.136,94.
SIDENOR S.A. (FORMER ERLIKON) : ANNOUNCEMENT FIRST QUARTER 2010 FINANCIAL RESULTS
SIDENOR Group turnover in the first quarter of 2010 amounted to 207 mil. euro versus 284 mil. euro in the first quarter of 2009, posting a 27% decrease. Consolidated EBITDA increased by 16.5% and stood at 10.6 mil. euro versus 9.1 mil. euro in Q1 2009, while EBITDA margin stood at 5.1% of the consolidated turnover versus 3.2% in the respective period last year. Q1 2010 consolidated results before taxes were also improved by 42.7% and amounted to losses of 7.8 mil. euro versus losses of 13.5 mil. euro in Q1 2009. Finally, net consolidated results after taxes and minority rights formed at losses of 7.6 mil. euro (or losses of 0.079 euro per share) versus profits of 11.4 mil. euro (or 0.119 euro per share) in Q1 2009.
During the first quarter of 2010, the conditions in the domestic market were similar to those of the fourth quarter of 2009. On the contrary there has been an improvement in internationals markets during the same period versus Q4 2009. More specifically, there has been substantial growth of the exports in the Southeast Mediterranean and North Africa, while there has been significant growth of the subsidiary STOMANA INDUSTRY's exports, especially in value added products (such as special steels and flat products). Moreover, the prompt and consistent actions of the management towards the reduction of the operating cost, the substantial reduction of overhead expenses, the streamlining of inventory and the enhancement of productivity have had significant impact in the improvement of the Group results.
The gradual recovery of the international markets, the rebound of demand in the the neighboring markets, in conjunction with the recovery of large energy projects that will benefit CORINTH PIPEWORKS' activity, will be the main growth drivers for SIDENOR Group. The first positive signs are already evident in the international markets, while the Group focuses its efforts in the expansion in new markets and in distribution networks, in order to exploit the opportunities that will arise.
The Data and Information of the period 1.1.2010 - 31.3.2010 will be published on the May 27th, 2010 edition of the newspaper ''KATHIMERINI'' and together with the Interim Financial Statements for the same period, will be posted on the company's website, www.sidenor.gr , as well as on the ATHEX website www.athex.gr.
SIDENOR S.A. (FORMER ERLIKON) : IR Release Q1 2010
IR Release Q1 2010
ELLAKTOR S.A. : FINANCIAL RESULTS FOR THE FIRST QUARTER 2010
ELLAKTOR Group of companies announces its financial results for the first quarter 2010 in accordance with International Financial Reporting Standards (I.F.R.S.).
Consolidated turnover amounted for the first quarter 2010 to 454.58 million euro as opposed to 483.05 million euro in the respective quarter 2009, marking a decrease of 5.9%.
Consolidated earnings before interest and taxes (EBIT) amounted for the first quarter 2010 at 46.93 million euro versus 61.81 million euro in the respective period 2009, decreased by 24.1%. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 74.02 million euro in comparison with 86.42 million euro for the respective period of 2009, decreased by 14.3%.
Consolidated earnings after tax amounted to 19.6 million euro, versus 37.02 million euro decreased by 47%, while the earnings after taxes and minority interests were for the first quarter 2010 at 12.99 million euro versus 26.84 million euro for the respective period of 2009 marking a decrease of 51.6% Consolidated profit after tax per share stood at 0.08 euro over 0.16 euro in the respective period of 2009.
Specifically:
The Group's construction sector (construction & quarries) for the first quarter of 2010 presented a turnover of 353.19 million euro over 382.60 million euro in the respective period of 2009 decreased by 7.7%. Operating profit of the construction sector amounted at 12.09 million euro over 19.34 million euro for the respective period of 2009, decreased by 37.5%. Net after tax profit stood at 4.16 million euro versus 13.07 million euro in the respective period of 2009, decreased by 68.1%. The Group?s construction activity backlog is 2.9 billion euro. Moreover the contracts pending to be signed amount to 75 million euro.
Concessions sector for the first quarter of 2010 contributed to Group's revenues 73.45 million euro versus 72.29 million euro increased by 1.6%, to the operating results 29.07 million euro over 39.23 million euro decreased by 25.9% and to net profit after taxes 15.06 million euro in comparison with 23.33 million euro, decreased by 35.5%.
In the Environment sector, the Group reported for Q1 2010 consolidated turnover 17.64 million euro versus 20.07 million euro decreased by 12.1%, operating profit of 2.99 million euro in comparison with 2.82 million euro increased by 6.2% Net profit after tax was formed in 2.13 million euro over 1.92 million euro, increase 10.8%.
In the Wind energy sector the Group presented for the first quarter 2010 consolidated revenues at 6.63 million euro over 3.85 million euro increased by 71.9%, operating results amounted to 3.63 million euro in comparison with 1.97 million euro increased by 84.8% and the earnings after taxes reached 1.97 million euro over 1.17 million euro increased by 68.1%.
The Real Estate sector reported for the Q1 2010 consolidated turnover totalling 1.22 million, operating results (losses) of 0.33 million euro and losses after tax of 0.43 million euro.
Regarding the parent company there hasn?t any sales for the Q1 2010 over 384 thousand euro for the respective period of 2009. Earnings before interest, taxes, depreciation and amortization amounted at 159.99 thousand euro, while losses before taxes amounted to 1.83 million euro. Net results after tax stood at losses 1.87 million euro for the first quarter of 2010.
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM : Comments on the 3-month results 2010
The consolidated turnover of the MOTODYNAMICS Group reached 10.6 million Euros in comparison to 14.6 million Euros of the previous corresponding period. Sales reached 10.3 million Euros in Greece, while sales abroad (Romania-Bulgaria) amounted to 336 thousand Euros. EBITDA closed at -249 thousand Euros compared to 54 thousand Euros of last year. At Group level net profit after taxes and minority interests presented a loss of 443 thousand Euros, while at the same period last year the loss was 446 thousand Euros.
Analysing the Group activities, in the motorcycle sector sales suffered a decrease of 35% and reached 5.6 million Euros. The Group sales in the marine sector decreased by 24% and amounted to 2.2 million Euros, while the Supplementary products including tyres, accessories, spare parts, lubricants and services, totalled 2.8 million Euros, showing a decrease of 11%.
The Managing Director, Mr. Sotiris Hatzikos, stated:
It is well known that due to the intense seasonality of our business, the first 3-month results do not constitute a solid indication for the yearly results. It is worth mentioning that the negative deviation in comparison to last year?s sales, appears wider than usual because of the circumstantial sales increase in March 2009, due to the upcoming relocation of the Company that took place in April 2009. Taking into consideration this fact, combined with planned commercial activities, we expect a decreasing deviation in the yearly forecast compared to last year.
The overall implementation of budgetary adaptation regulations and the subsequent restriction of the available income, do not leave substantial room for optimistic rejections. Considering the particular conditions we will keep going through, we manage with special caution the financial parameters of the Group, readjusting our functions at the new levels that our markets shape.
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM : Share Buy-Back
MOTODYNAMICS S.A. announces in accordance with article 16 of Greek Law 2190/20 and with Regulation no 2273/2003 of the European Comity, pursuant to the decision of the Annual General Meeting of Shareholders dated 23/04/2010 and the resolution of the Board of Directors dated 26/04/2010, that has proceeded on 20/5/2010 to the purchase of 50 own shares with an average purchase price Euro 1,08 per share and a total purchase price Euro 59,43. The above 50 shares were purchased through ALPHA FINANCE.
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM : Share Buy-Back
MOTODYNAMICS S.A. announces in accordance with article 16 of Greek Law 2190/20 and with Regulation no 2273/2003 of the European Comity, pursuant to the decision of the Annual General Meeting of Shareholders dated 23/04/2010 and the resolution of the Board of Directors dated 26/04/2010, that has proceeded on 21/5/2010 to the purchase of 100 own shares with an average purchase price Euro 1,08 per share and a total purchase price Euro 118,86. The above 100 shares were purchased through ALPHA FINANCE.
BANÊ OF CYPRUS PUBLIC COMPANY LTD : Resolutions of the Shareholders Annual General Meeting
Announcement.