The shares of the company MULTIRAMA S.A. under supervision
Also, considering that the company''s results create doubts regarding the smooth operation of the company, the Board of Directors of the Athens Exchange decided to incorporate the company?s shares in the status "UNDER SUPERVISION", in accordance with the provisions of the paragraph 1.1 of the Regulation Number 64/2001.
More specifically, the company will proceed to a company''s share capital increase through a rights issue of Euro 5,414,132, of which the major shareholders have been committed to cover Euro 3,133,158, i.e. 57.87%.
On the basis of the balance sheet, dated 31.12.2002, which the company forwarded to the Athens Exchange on 27.02.2003, the company currently presents negative own capital of Euro 4,745,107.43 and loss of Euro 10,294,058.98, which results in the potential of the application of the provisions of the articles 47 and 48 of the CL 2190/1920.
In addition, in accordance with the company estimates for the fiscal year 2003, which are included in the company''s prospectus, it will present loss of Euro 4,686 and negative own capital.
It is noted that, on the basis of the above, the Board of Directors of the Athens Exchange estimates that the present company?s share capital increase through a rights issue is necessary but not sufficient for the improvement of its financial position.
Consequently, the Board of Directors of the Athens Exchange draws the attention of the investing public to the careful reading and study of the financial reports of the issuing company, the accounting and reviewed results and own capital, as well as to the financial position of the company is its is formed following the conclusion of the present share capital increase.