ΜΗΧΑΝΙΚΗ Α.Ε.
Information about the purchase of own shares
The Board of Directors of the company MICHANIKI SA announces that the extraordinary General Assembly of the shareholders, holders of ordinary shares, which met on 04/04/2003, has decided the following:
1a. To increase the company's shares capital by euro 22,916,938.64 Issuing: a) 11,156,254 new common shares of nominal value of euro 1.48, and b) 4,328,164 new preferred shares of the same nominal value (euro 1.48).
1b. The equity capital increase resulted from the capitalization of share premium reserves. The newly issued bonus shares will be distributed to the shareholders based on the following ratio: 2 new shares for every 10 outstanding.
1c. After the above mentioned equity capital increase the share capital will be euro 137,501,639.24 divided to a total of 92,906,513 shares of nominal value of euro 1.48 · (66,937,526 common registered shares, and 25,968,987 preferred - without voting rights · shares.
2. To approve a new price range for the purchase of its own shares, both ordinary and preference ones, through the Athens Stock Exchange, in order to support the stock exchange value of the share and it determined that a) the maximum number of the shares to be bought i) up to 3.800.000 ordinary shares, which represent a percentage of 6,81% of the total 55.781.272 ordinary shares and ii) up to 1.400.000 preference shares, which represent a percentage of 6,47% of the total 21.640.823 preference shares of the Company, b) the maximum purchase value of the ordinary share to euro 3,00, and of the preference share to euro 2,50, the minimum purchase value of the ordinary share changed to euro 1,00, and of the preference share to euro 0.90 and c) the time period, within which the aforementioned purchases will take place, to twelve (12) months since the date the General Assembly first approved this resolution on 31/1/2003 for the common and 14/2/2003 for the preferred shares.
3. The special General Assembly of the shareholders, holders of preference shares, which was also convened on 04/04/2003, in order to resolve on the aforementioned issues, was cancelled because the quorum was not achieved, and for this reason a repeat special General Assembly of the preference shareholders will be convened on 18/4/2003, Friday at 16:00 pm.
4. The time for the beginning of the aforementioned resolutions application will be announced through a subsequent announcement.
1a. To increase the company's shares capital by euro 22,916,938.64 Issuing: a) 11,156,254 new common shares of nominal value of euro 1.48, and b) 4,328,164 new preferred shares of the same nominal value (euro 1.48).
1b. The equity capital increase resulted from the capitalization of share premium reserves. The newly issued bonus shares will be distributed to the shareholders based on the following ratio: 2 new shares for every 10 outstanding.
1c. After the above mentioned equity capital increase the share capital will be euro 137,501,639.24 divided to a total of 92,906,513 shares of nominal value of euro 1.48 · (66,937,526 common registered shares, and 25,968,987 preferred - without voting rights · shares.
2. To approve a new price range for the purchase of its own shares, both ordinary and preference ones, through the Athens Stock Exchange, in order to support the stock exchange value of the share and it determined that a) the maximum number of the shares to be bought i) up to 3.800.000 ordinary shares, which represent a percentage of 6,81% of the total 55.781.272 ordinary shares and ii) up to 1.400.000 preference shares, which represent a percentage of 6,47% of the total 21.640.823 preference shares of the Company, b) the maximum purchase value of the ordinary share to euro 3,00, and of the preference share to euro 2,50, the minimum purchase value of the ordinary share changed to euro 1,00, and of the preference share to euro 0.90 and c) the time period, within which the aforementioned purchases will take place, to twelve (12) months since the date the General Assembly first approved this resolution on 31/1/2003 for the common and 14/2/2003 for the preferred shares.
3. The special General Assembly of the shareholders, holders of preference shares, which was also convened on 04/04/2003, in order to resolve on the aforementioned issues, was cancelled because the quorum was not achieved, and for this reason a repeat special General Assembly of the preference shareholders will be convened on 18/4/2003, Friday at 16:00 pm.
4. The time for the beginning of the aforementioned resolutions application will be announced through a subsequent announcement.