Suspension of trading of shares of the company "GENER S.A."
Mr. Spyros Capralos, Chairman of the ATHEX Board of Directors, after the decision no.1/736/19.3.2007 of the Hellenic Capital Market''s Commission Executive Committee, decided to suspend the trading of shares of the company GENER S.A. starting today March 19, 2007. Specifically, the Capital Market Commission has found out that the company failed to inform the investing public about the total amount of its existing overdue liabilities as well as their substantial modifications, during the fourth quarter of 2006.
In addition, the company''s financial standing is bad as it has not paid overdue debts towards its employees, the Greek State, banks and other third parties. Also, it does not have the Bylaws provided for by the law, (re: corporate governance), especially on the issue concerning internal audit.
The shares of the said company will remain under suspension in order to secure the smooth operation of the market and to protect the interests of the investing public.
It is noted that the shares of the company in question are traded in the "under surveillance" category since 16.10.2006.