INFORMATION CIRCULAR PURSUANT TO ARTICLE 4 PAR. 2 (f) OF LAW 3401/2005 REGARDING THE ADMISSION FOR LISTING OF THE COMPANYΆS SHARES IN THE CONTEXT OF STOCK OPTION PLANS FOR THE COMPANYΆS EMPLOYEES AND FOR THE EMPLOYEES OF ITS AFFILIATED COMPANIES
FRIGOGLASS S.A.I.C.
INFORMATION CIRCULAR PURSUANT TO ARTICLE 4 PAR. 2 (f) OF LAW 3401/2005 REGARDING THE ADMISSION FOR LISTING OF THE COMPANYΆS SHARES IN THE CONTEXT OF STOCK OPTION PLANS FOR THE COMPANYΆS EMPLOYEES AND FOR THE EMPLOYEES OF ITS AFFILIATED COMPANIES
The company under the trade name “FRIGOGLASS S.A.I.C.” (the «Company»), in connection with the annual implementation of the stock option plan that has been approved on 05.06.2009 by its General Meeting (the «Stock Options»), informs the public on the final results of such implementation, including the exercise price and the number of the shares granted and to be listed on the Athens Exchange, as follows:
1. Out of the 625.000 Stock Options that were granted to 27 employees of the Company and of its affiliates by virtue of the CompanyΆs Board Resolution of 19.6.2009 and 14.12.2001 combined with the CompanyΆs General Meeting of 31.05.2011, 63.958 Stock Options were exercised and thus 63.958 new shares were granted.
2. The exercise price of the above stock options has as follows:
| STOCK OPTION PLAN | SHARES GRANTED | EXERCISE PRICE (Euro) | ABOVE PAR VALUE PER SHARE (Euro) |
| D (2009) | 63.958 | 3,07 | 2,77 |
| TOTAL | 63.958 |
3. The payment of the respective share capital increase of the Company following the exercise of the above stock options amounting to Euro 19,187.40 was completed on 3 April 2012 and was certified by virtue of a decision of the Board of Directors of the Company on 3 April, 2012 (the difference between the total issuing price of the new shares and their nominal value, i.e. the amount of Euro 177,163.66 has been credited to the special reserve account of the Company). The Ministry of Development proceeded, by virtue of its Decision number Κ2- 2256/10.04.2012 to the registration with the Companies Registry of the above information regarding the share capital increase of the Company and the certification of the payment of the said share capital increase.
4. Following the above share capital increase, the share capital of the Company amounts to Euro 15,155,175.60 divided into 50,517,252 shares of a nominal value of Euro 0,30 each.
5. The Company commits to undertake all necessary actions pursuant to the relevant legislation in order for the new shares to be listed on the Athens Stock Exchange.
A copy of this document is available at the registered seat of the Company (15, A. Metaxa Str.) or in the CompanyΆs website (www.frigoglass.com).
ENQUIRIES
Frigoglass
John Stamatakos
Investor Relations Manager
Tel: +30 210 6165767
E-mail: jstamatakos@frigoglass.com