|Corporate Actions | Announcements
| Equity Stakes | General Meetings | Companies Under Supervision | Companies Under Suspension
|Thursday, 5 April 2001|
There are no corporate actions for today.
|UNCLE STATHIS S.A.|
The company DELTA HOLDINGS S.A. announces that it is going to purchase up to 100,000 common bearer shares and 5,000 preferred bearer shares of the company until April 30, 2001. The transactions will be realized by HELLENIC SECURITIES S.A.
The company announces that the Extraordinary First Repeated General Meeting of the company’s shareholders on April 4, 2001 approved the following: a) authorized the BoD of the company to set the strategy and conclude decisions relevant to the Law concerning the construction companies, b) the purchase of 2,492,024 company’s own shares, i.e. 10% of its share capital within twelve months in order to support its market price, according to Law 2190/20 and Law 2892/2001. The low price is at GRD 700 per share and the high price is at GRD 1,700 per share. The issues of the Agenda, concerning the share capital increase and the change of article No 4 of the company’s charter will be discussed at the next Second Repeated General Meeting of the company’s shareholders. The BoD will announce the date of this Meeting. Also, the BoD informed the shareholders on the current developments of the company
The company announces that in Extraordinary General Meeting the company’s shareholders on April 4, 2001, the company’s Administration approved the merger of PANAFON S.A., PANAFON COMMERCIAL S.A. and UNIFON S.A. under a corporate form, in the frame of which PANAFON S.A. will acquire the total share capital of both PANAFON COMMERCIAL and UNIFON.
On the basis of the merger terms, PANAFON will issue 21,626,396 common registered shares for the shareholders1 of UNIFON.
The share exchange ratio between PANAFON and UNIFON was determined to 0.5601 Panafon shares for each Unifon share held. Given the share exchange ratio, Panafon share capital will increase by GRD 7,722,206,000 and will amount to GRD 59,020,966,758, divided into 534,126,396 common register shares(which were 512,500,000 before the merger) of a par value of GRD 110.5 (from GRD 100). All the above were approved by the Extraordinary General Meeting of the company’s shareholders
On the basis of the Extraordinary General Meeting decision, the new shares will be deposited in the accounts of the shareholders of the acquired company (Unifon) and according to legislation, they will entitle shareholders to the profits of the acquiring company (Panafon).
Panafon Commercial and Unifon are currently the largest representatives of Panafon. The above mentioned merger will give the opportunity for economies of scale, more efficient management, reduction in the cost of distribution networks and increase in productivity. Also, the services provided to clients will be vertically integrated and their quality will be improved.
The decision for the merger was taken after a study regarding the opportunities presented with the deregulation of telecommunications, as well as with the 3rd generation licenses in Greece, which require competitive and flexible corporate forms.
The new consolidated form will result in enhanced results arising from synergies due to the relation of Panafon with Vodafone and the most powerful capital structure as regards the realization of the investment programme.
Finally, the Extraordinary General Meeting of the company’s shareholders has elected a new Board of Directors, with a five-year session the new members of which are:
- Vittorio Colao
- Hans Antony Kuropatwa
- Socratis Kokkalis
- Trifon Koutalidis
- Emmanuel Tournon
- Paolo Huscher
- George Koronias
The company announces that an Extraordinary General Meeting of the company’s shareholders was held on April 4, 2001. The basic issue of the agenda was the approval of the merger of Panafon S.A., Panafon Commercial and Unifon S.A. On the basis of the issues of the agenda, the General Meeting proceeded to the election of the new Board of Directors of the company with a five-year session.
The new BoD of Panafon consists of top businessmen and executives who participated in the BoD in the past, as well as new persons:
- Vittorio Colao
- Hans Antony Kuropatwa
- Socratis Kokkalis
- Trifon Koutalidi
- Emmanuel Tournon
- Paolo Huscher
- George Koronias
Following the end of the General Meeting, the new BoD came into session with the following composition:
President: Socratis Kokkalis
Vice President: Trifon Koutalidis
Managing Director: George Koronias
Members: Hans Antony Kuropatwa
A powerful Greek Management of a company with main characteristics its international presence and participation in international developments, is the best confirmation of the quality and potential of its human resources.
From the start of its operation and up to date, Panafon remains the leader in the market of mobile telecommunications in Greece and participates in the development of mobile telecommunications internationally, through its collaboration with Vodafon.
The company announces that of April 12, 2001 the lot size of the shares of the company (common and preferred) is 10 shares (from 25 shares).
|PAPAFILIS FLOUR MILLS S.A.|
The company announces that it is going to purchase up to 10,000 common bearer shares of the company from April 5, 2001 until April 30, 2001. The transactions will be conducted by HELLENIC SECURITIES S.A.
|INFO-QUEST S.A. - ERGODATA S.A.|
The BoDs of the companies INFO-QUEST S.A. and ERGODATA S.A. on their session on April 4, 2001 approved the merger contract agreement of the two companies. The value ratio of the two companies is based on five acknowledged evaluation methods: a) present value of future cash flows, b) market indices of other listed companies of informatics, c) comparable transactions, d) reformed net equity, e)stock markets securities. The methods were assessed on the ground of the dynamism of the two companies and the market environment. The BoDs of the companies approved the value ratio of the two companies, i.e. 5.95 (ERGODATA S.A.): 1 (INFO-QUEST S.A.). The ratio was defined by DELOITTE & TOUCHE. Consequently, the shares exchange ratio is one share of ERGODATA for every one share of INFO-QUEST S.A.
|RADIO ATHINAI S.A.|
The company, in the frame of the events organized by the ASE Members Association (SMEXA) announces that a presentation of the company took place by Mr N. Apergi (CEO) and E. Skourti (Financial Controller). The following issues were developed in detail;
Development of a store network
The company at the end of 2000 run 17 stores and expects that by the end of 2001, 8 more stores will start operating, and consequently owning in total 25 stores.
Financial Results 2000 / Prospects 2001
The sales of the company increased in 2000 by 44%. The turnover amounted to GRD 23.4 billion (not including the sale to KOTSOVOLOS S.A.) compared to 16.3 billion in 1999. The profits amounted to GRD 1.2 billion compared to GRD 681 million in 1999 (+78.4%). The turnover for the year 2001 is expected to amount to GRD 28 billion (not including the sale to KOTSOVOLOS S.A.) and the pre-tax profits will amount to GRD 1.3 billion. RADIO ATHINAI S.A. is a subsidiary company of KOTSOVOLOS GROUP which is a member company of FOURLIS GROUP.
|ASPIS PRONIA S.A.|
The company announces that on April 4, 2001 it completed the process for the purchase of the total amount of the shares of the insurance company COMMERCIAL UNION LIFE. Specifically, ASPIS PRONIA S.A. purchased from the insurance companies CGU INTERNATIONAL INSURANCE COMPANY PLC and THE NORTHERN ASSURANCE COMPANY LTD, 238,522 common registered shares, i.e.. 94.44% of its share capital. The value of the purchase is at GRD 1,416,599,951. Mr P. Psomiadis purchased from the CGU INTERNATIONAL INSURANCE COMPANY PLC 14,043, common registered shares with voting rights, i.e. 5.56% of its share capital. The value of the purchase is at GRD 83,400,000.
The company announces that Mr S. Tzioufas, member of the BoD and owner of more than the 20% of the share capital of the company announces that he is going to purchase up to 350,000 common bearer shares of the company from April 4, 2001 until June 30, 2001. The transactions will be conducted by SARROS SECURITIES S.A., OLYMPIA SECURITIES S.A., AXON SECURITIES S.A., CYCLOS SECURITIES S.A. HELLENIC SECURITIES S.A.
Mr D. Nikolopoulos, member of the BoD announces that he is going to sale 2,000 shares of the company within April 2001. The transactions will be realized by EUROTRUST SECURITIES S.A.
|ANEK LINES S.A.|
The company announces that Mr G. Agelakis is going to sale 10,000 shares of ANEK S.A. during the last 15 days of April. The transactions will be realized by OMEGA SECURITIES S.A.
|N. VARVERIS-MODA BAGNO S.A.|
The company announces the start of the works for the building of residences in Strofyli, Kifisia, Athens, in the context of the activation of the company in the real estate. A block of three storey-flats of a surface of 191 sq.m. each and three maisonettes of a surface of 320 sq.m. each will be built on the lot of a total surface of 1,850 sq.m. This project will be followed by similar-type activities, i.e. the erection of block of buildings in the area of Attica, on lots owned by MODA BAGNO.
|M.J. MAILLIS S.A.|
The company announces that in order to strengthen its subsidiary companies of the Group M.J. MAILLIS, it has provided a guarantee to MARFLEX M.J. MAILLIS GROUP S.p.o.o., so as the company to conclude a contract of a loan of an amount of GRD 4,020,850,000 with the NATIONL BANK OF GREECE (London).
The company announces the establishment of a subsidiary construction company DIEKAT NDERTIM DHE KONSTRUKSIONE Sh.A in Albania .
|EDRASIS CH. PSALLIDAS S.A.|
The company announces that Mr C. Psallidas (President & CEO), N. Matsas (Vice-President), E. Diaskou-Psallida (member), Ch. Psallidas (member) are going to purchase up to 7,000 shares of the company each, within April 2001. The transactions will be realized by N.COMNINOS SECURITIES S.A., L. DEPOLAS SECURITIES S.A., and RATE CAPITAL SECURITIES S.A.
|Companies Under Supervision|
|26/06/2003 : O. DARING SAIN : The ATHEX Board of Directors on its session on Wednesday, June 25, 2003, decided to classify as of Thursday, June 26, 2003, the shares of the company O. DARING SAIN under supervision status (Market C), taking into account the recent developments, as regards the smooth course of the Company's activities, as these are presented in the latest letters sent to the ATHEX.
|12/05/2003 : NICK GALIS YOUTH CENTER AND ASSISTED LIVING S.A.
: As of May 12, 2003, according to the Decision of the ATHEX BoD on April 17, 2003, the trading of the shares "NICK GALIS YOUTH CENTER AND ASSISTED LIVING S.A." is transferred to Market B (Low Production Activity).|
|07/03/2003 : Total Classification to under supervision "trading status":|
: The ATHEX Board of Directors on its session on March 6, 2003 decided, as of Friday, March 6, 2003, to transfer the trading of the shares of the above listed companies to Market C (Trading Under Supervision), taking into account the conclusions drawn from the recent financial results of the said Companies.
- PLIAS S.A. - PLIAS S.A. (CB)
- SPACE HELLAS S.A. - SPACE HELLAS S.A. (CR)
- ALISIDA S.A. - ALISIDA S.A. (CB) / ALISIDA S.A. (PB)
- CERAMICS ALLATINI S.A. - CERAMICS ALLATINI S.A. (CR)
- IDEAL GROUP S.A. - IDEAL GROUP S.A. (CR) / IDEAL GROUP S.A. (PR)
- SP. TASOGLOU S.A. - SP. TASOGLOU S.A. (CR)
- CORINTH PIPEWORKS S.A.
|28/02/2003 : MULTIRAMA S.A. : The ATHEX Board of Directors on its session on February 27, 2003 decided, as of Friday, February 28, 2003, to transfer the trading of the shares of the company MULTIRAMA S.A. to Market C (Trading Under Supervision), taking into account that the recent financial results of the Company affect the Company's smooth operations.|
|06/12/2002 : XIFIAS S.A. : The ATHEX Board of Directors on its session on December 5, 2002 decided, as of Friday, December 6, 2002, to classify the common & preferred shares of the company XIFIAS S.A. under supervision (Market C), taking into account the recent negative developments that concern the Company's smooth operations.
|23/03/2001 : KERANIS HOLDING S.A. and MOURIADES S.A. : as these companies have negative financial results, during at least the last three fiscal periods.|
|05/11/1999 : INTERSAT S.A. : The A.S.E. Board of Directors decided to set the trading of the company's shares under supervision, as the company is in the process of changing its main activity. As a result the company has no actual production activity.|
|23/09/1999 : BIOSSOL S.A., EMPOPRIKOS DESMOS, KLAOUDATOS G. S.A.
: The A.S.E. Board of Directors, decided the trading under supervision of the shares of the following companies:
BIOSSOL S.A., EMPOPRIKOS DESMOS, KLAOUDATOS G. S.A.
|25/11/1998 : TECHNODOMI M. TRAVLOS BROS : The company's shares are traded under supervision, in order to protect the investors, due to the negative financial results of the company in the last year.|
|Companies Under Suspension|
|07/08/2003 : SEAFARM IONIAN AQUACULTURE S.A. : Temporary Suspension of trading|
Following the Decision of the President of the BoD of the ATHEX on 6.8.2003, the trading of the common and preferred shares of the Company: SEAFARM IONIAN AQUACULTURE S.A. is temporarily suspended as of Thursday, August 7, 2003, in order to protect the investment public until the financial status of the company is clarified and full information is provided, as regards the impact of the latest developments on the Company's financial structure.
|07/08/2003 : DATAMEDIA S.A. : Temporary Suspension of trading
Following the Decision of the President of the ATHEX on August 7, 2003, the trading of the shares of the Company "DATAMEDIA S.A." is temporary suspended in order to protect the investment public, until the company notifies the reasons for the resignation of all the Members of the BoD, the replacement process and the possible impact of the administrative inconvenience on the smooth course of its activities.
|04/06/2003 : STABILTON S.A. : Following the Decision of the President of the BoD of the ATHEX on 3.6.2003, the trading of the common and preferred shares of the Company: STABILTON S.A. is temporarily suspended as of Wednesday, June 4, 2003, due to the serious financial problems that the Company faces, the non-fluctuation of the price of its common shares and since it has not released its financial statements in due time.|
|03/02/2003 : CONNECTION S.A. : As of February 3, 2003, following the Decision of the President of the ATHEX BoD, the trading of the 17,100,000 common registered (CR) Company's shares is temporarily suspended, due to new evidence, regarding the disclosure of the Company's financial statements as of 30.6.2002.
|08/10/1999 : CHATZIIOANNOY S.A. : As of October 8,1999, the trading of company's preferred shares is temporarily suspended, due to lack of their dispersion.|
|10/08/1999 : ALCAR Trans. Com. & Tour S.A. : As of August 10, 1999, due to lack of significant activity and since its business plans are not clear, the share trading is temporarily suspended for investor's protection.|
|27/07/1999 : NIMATEMPORIKI S. A. : As of July 27,1999, in order to protect the investors|
|01/07/1999 : THESSALIKI SPIRITS COM : Under Decision of the President of the A.S.E., which was approved by the Board of Directors session on July 1,1999 and according to Presidential Decree 350/85, the company's shares trading is suspended in order to protect the investors and to ensure the smooth market operation.|
|08/10/1998 : DANE SEALINE : As of October 8,1998, in order to protect the investors.|
|27/06/1997 : ELVIEMEK : As of June 27, 1997, in order to protect the investors.|
|12/06/1996 : GLOBE S.A. & COSMOS S.A. : As of June 12,1996, in order to protect the investors and until the situation is clarified.|
|S.A. LIPASMATON : company under liquidation|
|PEIRAIKI PATRAIKI S.A. : company under liquidation|
|DIORIGOS KORINTHOU (NEA) S.A. : company under liquidation|
|DIAMANTIS BROS S.A. : cease of activity|
|VIAMYL S.A. : long-term trading suspension|
|A.E. EPIXEIRISEON : cease of activities|
|LAYREOTIKI S.A. : for the following reasons:
a) Two years have elapsed since the suspension trading of the company's shares.
b) According to Presidential Decree 350/85, under the present situation, the ordinary trading of the company's shares cannot be retained.
c) The company does not comply with the A.S.E. legislation, according to Law 148/1967.
|Regulation no 99/18.2.1997 of the Capital Market Commission : 27.03.1997|
According to Regulation no 99/18.2.1997 of the Capital Market Commission (Gov. Gaz. 226/26.3.97. issue B'), the shares of the following companies were de-listed from the Athens Stock Exchange, as their trading had been suspended for a long time.
|INTERAMERICAN HELLENIC LIFE INSURANCE CO 23.11.2001 : According to Regulation no 6/231/23.11.2001 of the BoD of the Capital Market Commission, as of November 23, 2001, the shares of the company 'INTERAMERICAN HELLENIC LIFE INSURANCE CO' were de-listed from the ASE.
|PAVLIDES CONFECTIONARY S.A. 13.03.2002: : According to Regulation No 240/12.03.2002 of the BoD of the Capital Market Commission, as of March 13, 2002, the shares of the company 'PAVLIDES CONFECTIONARY S.A.' were de-listed from the Athens Stock Exchange.|
|HALYPS BUILDING MATERIALS S.A.
: According to the Decision No 4/258/5.12.2002 of the BoD of the Capital Market Commission, as of December 6, 2002, the shares (common and preferred registered) of the company HALYPS S.A. ceased trading and were de-listed from the ATHEX.
|Regulation 256/14.11.2002 of the Capital Market Commission - 30.12.2002
: The Board of Directors of the Capital Market Commission on its session 256/14.11.2002 approved the delisting of the shares of the following companies, which are under suspension on the Athens Exchange, according to par. 2 article 11 of PD 350/1985:
1. INTER CLOTHING IND. S.A.
2. MAGRIZOS BROS S.A.
3. ECON INDUSTRIES S.A.