As approved by the Extraordinary General Assembly of VIVARTIA''s shareholders that took place on 19.12.2006, the increase of the Company''s share capital by the amount of EURO 15.527.446,20 has been carried out from the capitalization of EURO 3.417.656,42 of the Retained Earnings account and EURO 12.109.791,88 of the share premium account with the issuance of 6.664.140 new common shares, with a nominal value of Euro 2,33 each. The new shares have the same rights with the existing shares issued and will be distributed free to the entitled shareholders of the Company at a ratio of 1 new share against 10 existing shares.
The Company''s share capital is now equal to 170.801.929,17 EURO divided in 73.305.549 common registered shares, with a nominal value of 2,33 Euro each.
The Company has decided the capitalization of the amount of 15.527.446,20 Euro from the Reserves account with the distribution of one (1) new ordinary share for every ten (10) ordinary shares, due to the revaluation of the fixed assets in accordance with the Law 2065/1992.
On 11.01.2007 the Company''s Board of Directors certified the completion of the increase of share capital with the amount of 15.527.446,20 Euro pursuant to the resolution of the Extraordinary General Meeting of the shareholders dated 19.12.2006 which had approved the share capital increase.
On the 11.01.2007 the approval of the Ministry of Development with ref. number Κ2-18514 that approved the modification of article 5 of the Company''s Articles of Incorporation according to the decision of the Extraordinary General Assembly of the Shareholders dated 19.12.2006, was registered at the Companies'' Registrar.
Beneficiaries of the free new shares are those that are shareholders on the 3rd working day after the approval date for the admission of the new shares from the aforementioned Share Capital Increase (S.C.I.) from the Athens Stock Exchange''s Board of Directors and the ex-date will be the following day (fourth day).
The listing of the new free shares will start on the 5th working day following the ex-date, assuming that the said shares have been credited in shareholders'' accounts.
The people responsible for compiling this document and for the accuracy of the information presented herein are: Mr. Pandelis Economou, Vivartia Group Chief Financial Director, tel. (210) 34940000 και Mr. Nikolaos Kappa, Group Accounting Manager, tel. (210) 34940000.
Further information may be obtained during the working days and hours from Mr. Ioannis Trikas, Shareholders'' Office, tel. (210) 3217155.
Interested parties may obtain a copy of this informative document from the Company''s registered address at 10 Ziridi Str., and in electronic form on the Company''s website www.vivartia.com.