A. SHARE CAPITAL INCREASE WITH PREFERENCE RIGHT IN FAVOR OF EXISTING SHAREHOLDERS
B. ISSUANCE OF CONVERTIBLE BOND LOAN, NOT TRADED ON THE ATHENS EXCHANGE, WITH A PREFERENCE RIGHT IN FAVOR OF EXISTING SHAREHOLDERS
Following the decision of the Company's A' Repetitive General Assembly on 11/4/2007 and the BoD of NIREUS S.A. decision taken on 12/6/2007, published on NAYTEMPORIKI newspaper and on the ATHEX daily statistical bulletin on 13/6/2007, regarding the capital raise and the issuance of a non-traded on the ATHEX convertible bond, both with preference right for existing shareholders, NIREUS S.A. announces the following: The conversion rate and the conversion price of the said bond issue, are readjusted due to the said capital raise by cash payment with preference right for existing shareholders as it has been decided from the Company's A' Repetitive General Assembly on 11/4/2007, as follows:
Conversion Price: 4,68129 euro (from 5 euro that was previously announced from the Company's BoD on 12/6/2007).
Conversion Rate: 2,08703 common registered shares with equal voting rights with a nominal value of 1,50 euro each, per every single convertible bond (from 1,954 that was previously announced from the Company's BoD on 12/6/2007).
Consequently, every convertible bond owner will have the right to convert every single bond to 2,08703 common registered shares with equal voting rights (conversion rate), with a conversion price of 4,68129 euro per share (Conversion Price).
The conversion price and the conversion rate of the said convertible bond issue are readjusted so that the rights of the convertible bond owners will remain intact after the change that will occur in the NIREUS S.A. share capital, due to the raise of capital by cash payment in favor of existing shareholders.
The readjustment of the conversion price of the said convertible bond issue, took place the same date with the ex-right date of the capital increase and the convertible bond issue, i.e. on 14/6/2007.