Following its previous announcement on 9-7-2007 regarding the issue of a convertible bond non-traded on the ATHEX, the Company wishes to inform the investment public with the following:
The said convertible bond through cash payment with preference right in favor of shareholders as of 13/06/2007, the issue of which was decided by the A' Repeated Extraordinary General Meeting of shareholders on 11/04/2007, raised 19.995.575,10 euros, covering by 100% the whole bond issue for 2.046.630 convertible bonds at a par value of 9,77 euro per bond.
Following the above, the company announces that the official date of the convertible bond issue is 12/07/2007. The total amount of the issue is for 19.995.575,10 euros for 2.046.630 convertible bonds at a par value of 9,77 euro each.
According to Law 3156/2003 and Law 2190/1920, the terms of the said bond loan that was set by the aforementioned A' Repeated Extraordinary General Meeting of shareholders in addition with later pertinent decisions taken by the Company's BoD on 24/05/2007, 12/06/2007, 15/06/2007 and 09/07/2007, are all included in the in the Convertible Bond Loan Program formed according to article 1, paragraph 4 of Law 3156/2003. The Convertible Bond Loan Program is available to all bondholders, either from the Company's offices or from the Custodian Services Dept. of EFG ERGASIAS Bank S.A. (8 iolkou St. & Filikis Etairias St., 142 34 Nea Ionia). EFG ERGASIAS Bank S.A. was appointed the Official Representative of all bondholders of the issue.
It is been noted that the main terms of the convertible bond loan are:
Type of Bonds: Registered, convertible to common registered shares of the issuer.
Number of Bonds convertible to common shares: 2,046,630
Nominal value of Bonds: 9.77 Euro
Issue price of Bonds: 9.77 Euro per Bond
Duration: 5 years.
Coupon: fixed annual 1.00%
Yield to maturity: 31.01%
Redemption price of bonds: 12.799677 Euro
Conversion Price: 4,68129 euro
Conversion Rate: 2,08703 common registered shares with equal voting rights at a nominal value of 1,50 euro each.
Consequently, every convertible bond owner will have the right to convert every single bond to 2,08703 common registered shares (Conversion Rate), with equal voting rights, at a conversion price of 4,68129 euro per share (Conversion Price).
Official Representative of all bondholders of the issue: EFG ERGASIAS Bank S.A. (8 iolkou St. & Filikis Etairias St., 142 34 Nea Ionia)
The bonds will be issued on printed certificate form. The delivery of the bond certificates to the beneficiaries will take place after 30 working days from the official issue date (12/07/2007), i.e. on 27/08/2007 from the Company's offices - Shareholders Service Dept., 1st Km. Koropi-Varis Ave. & 1, Dimokritou Str., 194 00 Koropi, during the business days and hours.