MIG HOLDINGS S.A.
Announcement
With regard to our Announcement dated 9.10.2007, we wish to clarify the following:
a.The new investment plan of our company is currently in progress and will be completed and announced by the end of October at the latest, pursuant to our Announcement. Upon completion, it will be notified to the competent supervising authorities, highlighting its variation from the investment plan which was in effect until the acquisition of control of VIVARTIA by our company. b.Pursuant to our announcement, the number of shares to be distributed has not been determined yet. The same stands with regard to the price of distribution which, as already stated in our announcement, provided that the private placement shall have been successfully completed, will exceed 25 euro.
At present there is no correspondence or negotiation with persons, strategic or institutional investors who will participate at the private placement. In accordance with market policy, during the private placement we will address a large number of strategic and institutional investors through a consulting investment bank, who will make their decisions on the basis of the new business plan of the company which shall have been announced by that time.
It is common knowledge that all similar announcements of our Group regarding share capital increases and private placements have always been effected with all due seriousness and professionalism and have been successfully completed.
We are confident that all key entities in the market wish for a serious as well as esteemed company such as VIVARTIA to remain listed for the benefit of the Stock Exchange of Athens and Greek Economy in general.
a.The new investment plan of our company is currently in progress and will be completed and announced by the end of October at the latest, pursuant to our Announcement. Upon completion, it will be notified to the competent supervising authorities, highlighting its variation from the investment plan which was in effect until the acquisition of control of VIVARTIA by our company. b.Pursuant to our announcement, the number of shares to be distributed has not been determined yet. The same stands with regard to the price of distribution which, as already stated in our announcement, provided that the private placement shall have been successfully completed, will exceed 25 euro.
At present there is no correspondence or negotiation with persons, strategic or institutional investors who will participate at the private placement. In accordance with market policy, during the private placement we will address a large number of strategic and institutional investors through a consulting investment bank, who will make their decisions on the basis of the new business plan of the company which shall have been announced by that time.
It is common knowledge that all similar announcements of our Group regarding share capital increases and private placements have always been effected with all due seriousness and professionalism and have been successfully completed.
We are confident that all key entities in the market wish for a serious as well as esteemed company such as VIVARTIA to remain listed for the benefit of the Stock Exchange of Athens and Greek Economy in general.