NEL LINES S.A. announces that the shareholders' B' Repeated Extraordinary General Meeting took place on the 8th of August 2007 in which 52 shareholders (in person or represented by proxy) participated, representing 43.257.422 shares i.e 37,21 % of the company's Share Capital.
aforementioned General Meeting approved the amendment of the convertible Bond which is to be issued through private placement.
NEL LINES S.A. also announces that the shareholders' Extraordinary General Meeting took place on the 8th of August 2007 in which 45 shareholders (in person or represented by proxy) participated, representing 29.105.460 shares i.e 25,04 % of the company's Share Capital.
The aforementioned General Meeting approved the own shares buy back plan as per article 16 par.5 L.2190/1920.
The maximum share number purchased will not exceed 8,60% of the total shares, equivalent to ten million shares (10.000.000).
The lowest purchase price will be equal to the nominal share value, which is thirty cents (0,30)and the highest purchase price will be three euros per share (3,00).
The transactions will be concluded within a twelve-month period from the General Meeting date i.e., 07.08.2008, as per the relevant laws.