HELLENIC COMPANY OF TELECOMMUNICATIONS & TELEMATIC APPLICATIONS (FORTHNET) S.A. (FORTHNET) announces that certain of its shareholders under the legal name Novator Equities Ltd, Cycladic Catalyst Master Fund and Foundation for Research and Technology (together the Selling Shareholders) notified FORTHNET of their intention to sell existing shares held by them and issued by FORTHNET through an accelerated book building to international and domestic qualified investors (within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) via a private placement outside the US, under the Reg S exemption (the Placement). The exact number of shares that will be sold in the Placement will be determined on the basis of the demand but will not be lower than approximately 3.5 million shares representing approximately 9.1% of FORTHNETs outstanding share capital. All the shares to be placed are listed on the Athens Exchange.
The Selling Shareholders have committed to Merrill Lynch International that they will not dispose of additional shares in FORTHNET for a period ending on the date which is 120 days after the settlement of the Placement.
Merrill Lynch International is acting as the Sole Bookrunner, with Alpha Finance acting as Co-lead Manager for the Placement.
Merrill Lynch International is acting for the Selling Shareholders and no one else in connection with the Placement.