Following recent publications in the financial press and a related request of the Athens Exchange concerning a share capital increase, the Company?s Management clarifies the intention to ask for approval from the General Assembly of Shareholders to the proposition of a share capital increase within 2008 with the target to:
Finance the development of the Company in the markets abroad and the expansion into new markets. Finance the investment plan of R.F. ENERGY S.A. in the energy field according to its participation percentage and, Reduce the bank debt using 20% of the capital increase to cover existing bank liabilities.
The amount and the exact time of execution will be decided after the completion of the business plan concerning the investment plan of the Group of F.G. EUROPE S.A. and the development of the new markets considering the existing market conditions.