Forthnet (hereinafter ?the Company?), herewith informs its investors - within the framework of the implementation of its Stock Option Plan for the period 2006 to 2012 (hereinafter ?Plan?), stipulated by the General shareholders? Meeting dated 30.06.2006 (the terms of which were further specified by the resolutions of the Board of Directors, dated 25.9.2006, 27.4.2007 and 7.11.2007 and the Stock Option Plan Regulation as amended) - regarding the following:
1. Within the framework of the annual implementation of the Plan, as described below, the Company invites the Beneficiaries, to whom Certificates for exercise of their stock option rights have been granted, to exercise in part or in total their vested rights during the period starting on December 1st and ending on 20th December 2007.
2. The present offer
- is addressed to 71 individuals (hereinafter ??Beneficiaries??) who are a) members of the Boards of Directors, Company Managers and more specifically Directors, Department Heads and Project Managers of Forthnet SA and its subsidiaries, and b) other managers of the Company and its subsidiaries,
- concerns a total of 321,964 newly issued, common registered shares, with voting rights, that amount to 0.835% of the Company?s share capital, of a nominal value of euro 1.18 per share.
3. The exercise price of each stock option right is set at 5.36 euro per right.
4. After exercising the Rights, each Beneficiary shall fill in a statement stating the amount deposited into a special bank account, which the company will provide him with, for all rights he exercised. The aforementioned statement must be presented to the company together with the bank deposit receipt.
5. As a result, the Company will increase its share capital and new shares will be issued. The Company?s share capital increase will take place during the month of December, following the above exercise period. At that time, the Board of Directors will proceed with the certification of the deposit of the share capital increase and will provide the Beneficiaries with Certificates for the Acquisition of Shares and take all necessary steps to meet the listing requirements of the Athens Stock Exchange, so that the Company?s shares are listed and traded according to the Greek law.
6. The granted Rights have been vested following a BoD resolution dated April 30th 2007 whereby the BoD decided that the criteria and corporate targets set in its resolution dated 25.9.2006 and published in the company?s financial statements, were met.
7. The Beneficiaries who, for any reason, do not exercise their stock option rights, may transfer the exercise date of their Rights a) at a future date that will be set by the BoD according to the Stock Option Plan Regulation and which are communicated to the Beneficiaries and/ or, b) during the next years until the end of the Plan.
8. The shares issued following the exercise of the Stock Option Rights offer equal rights as to the existing shares of the Company and the bearers shall be entitled to all rights that derive from the said shares including the right to a dividend payment.
For further information the investors may call the Company?s Shareholders Department (tel. +30 210 9559254) on working days and hours.
Τhe present is published within the framework of art. 10 of Law 3340/2005 in combination with art. 3, par.1 and 21(16, bb) of Law 3556/2007.