Alapis S.A. (the "Company") announces that the Chairman of its Board of Directors, Mr. Lavrentis Lavrentiadis, informed the Company that on 10 July 2007, he disposed of 5,745,000 pre-emption rights in the Company at a price of Eur 5.80 per right through a private placement organized by Deutsche Bank AG (London Branch) and Sal Oppenheim Jr & Cie KGaA (the "Banks").
Mr. Lavrentis Lavrentiadis also informed the Company that he reserves the option to make further disposals of pre-emption rights to select institutional investors via private placements organized by the Banks until the end of the rights trading period on 17 July 2007. These disposals would be made at a price of no less than Eur 5.80.
Mr Lavrentis Lavrentiadis' intention to sell pre-emption rights has been announced by the Company on 20 June 2007 and is also set out in sections 4.4 and 4.6 of the Prospectus that the Company has prepared and published in connection with the increase of its share capital. Further, it is reminded that Mr Lavrentis Lavrentiadis has informed the general meeting of the Company's shareholders held on 18 June 2007 that his shareholding in the Company would be at least 20% after completion of the Company's share capital increase. Finally, Mr Lavrentiadis also informed the Company that he will exercise any of his pre-emption rights not sold by the end of the rights trading period.
The material set forth herein is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. In particular, it is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended. The securities may not be offered or sold in the United States absent such registration other than pursuant to an applicable exemption from registration. There will be no public offering of the securities in the United States.
In the United Kingdom, this press release is directed only at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"), (ii) persons falling within any of the categories of persons described in Article 49 of the Financial Promotion Order and (iii) any other persons to whom it may otherwise lawfully be made distributed (provided that they are non US persons as defined in Regulation S of the US Securities Act of 1933 as amended ("Securities Act")). Persons of any other description should not act upon this document.
In Greece, this press release is directed only to "qualified investors" within the meaning of Article 2 paragraph 1 (st) of Law 3401/2005.
Deutsche Bank AG is authorised under German Banking Law (competent authority: Bundesanstalt fόr Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority) and with respect to UK commodity derivatives business by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business. Deutsche Bank AG is acting for Mr Lavrentis Lavrentiadis and no one else in connection with the sale of his rights and will not be responsible to anyone other than Mr Lavrentis Lavrentiadis for providing the protections afforded to clients of Deutsche Bank nor for providing advice in connection with the sale of rights by Mr Lavrentis Lavrentiadis.
Sal Oppenheim jr & Cie KGaA is authorised under German Banking Law (competent authority: Bundesanstalt fόr Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority) and is registered in accordance with the Financial Services and Markets Act by the Financial Services Authority, is acting for Mr Lavrentis Lavrentiadis and no one else in connection with the sale of his rights and will not be responsible to anyone other than Mr Lavrentis Lavrentiadis for providing the protections afforded to the clients of Sal Oppenheim jr & Cie KGaA, or for providing advice in connection with the sale of rights by Mr Lavrentis Lavrentiadis.
Not for release or distribution, directly or indirectly, in or into the United States, Canada, Japan or Australia.