Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, today held its Extraordinary General Assembly of Shareholders, during which 55.7% of its shareholders were present. During the meeting, in accordance with the EGM?s agenda, shareholders approved the following items:
1. A share buy back program, of OTE SA in accordance with the article 16 of the Law 2190/1920 of up to 1/10 of the total OTE SA share capital, with the highest price set at ?35 and the minimum price set at ?15, with a concurrent suspension of the relevant decision of the Ordinary Shareholders Meeting of OTE SA on June 21, 2007.
2. Amendments to the current Articles of Association: Addition of article 5a (Shares), amendments of articles 8 (Board of Directors), 10 (Composition and Operation of the Board of Directors), 17 (Invitation - Agenda of the General Assembly of Shareholders) and 21 (Special Quorum and Majority).
3. Τhe amendments to OTE SA?s Articles of Association are available on the company?s website.
About OTE
OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in South-eastern Europe, providing top-quality products and services to its customers.
Apart from serving as a full service telecommunications group in the Greek telecoms market, OTE Group has also expanded during the last decade its geographical footprint throughout South East Europe, acquiring stakes in the incumbent telecommunications companies of Romania and Serbia, and establishing mobile operations in Albania, Bulgaria, the Former Yugoslav Republic of Macedonia and Romania. At present, companies in which OTE Group has an equity interest employ over 30,000 people in six countries, and our portfolio of solutions ranges from fixed and mobile telephony to Internet applications, satellite, maritime communications and consultancy services.
Listed on the Athens Stock Exchange, the company trades under the ticker HTO as well as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE?s American Depository Receipts (ADR?s) represents ½ ordinary share.
Additional Information is also available on http://www.ote.gr.
Contacts:
Dimitris Tzelepis - Head of Investor Relations, Tel: +30 210 611 1574, Email: dtzelepis@ote.gr
Nektarios Papagiannakopoulos-Senior Financial Analyst, Investor Relations,Tel: +30 210 611 7593, Email: npapagiannakopoulos@ote.gr
Daria Kozanoglou - Communications Officer, Investor Relations, Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr
Marilee Diamanti - IR Coordinator, Tel: +30 210 611 5070, Email: mdiamant@ote.gr
Christina Hadjigeorgiou - Financial Analyst,Tel: +30 210 611 1428, Email: cchatzigeo@ote.gr