GRIVALIA PROPERTIES R.E.I.C.
Announcement for subscription price for the rights offering in cash set at 9 euro per share
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
On 9.11.2007, the Board of Directors of the Eurobank Properties R.E.I.C. (the ''Company'') resolved as follows:
Further to the relevant authorisation granted by the resolution of the Extraordinary General Meeting of shareholders dated 3.9.2007 to the Company's Board of Directors to determine the Subscription Price for the new shares in connection with the rights offering in cash by euro 77,958,000 through the issue of 36,600,000 new common registered shares of nominal value of euro 2.13 each (the ''New Shares'') to existing shareholders at a ratio of 3 New Shares for every 2 shares held, the Board of Directors resolved and announces the following:
(a) The Subscription Price for the New Shares (excluding the New Shares that may be placed in the Private Placement, which will be determined at a later stage and may be higher) will be euro 9.
(b) Following the rights offering in cash, and assuming the New Shares are fully subscribed, the Company's share capital will amount to 129,930,000 Euro, divided into 61,000,000 shares, of nominal value of euro 2.13 each. The total proceeds from the rights offering are expected to amount to 329,400,000 Euro. The total excess above par value proceeds from the New Shares will be credited to the ''Share Premium Account''.
(c) The Ex-Rights date, the period during which Rights may be exercised and the period during which the Rights will trade on the Athens Exchange will be determined by the Company's Board of Directors and will be notified to the shareholders through a subsequent announcement.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
On 9.11.2007, the Board of Directors of the Eurobank Properties R.E.I.C. (the ''Company'') resolved as follows:
Further to the relevant authorisation granted by the resolution of the Extraordinary General Meeting of shareholders dated 3.9.2007 to the Company's Board of Directors to determine the Subscription Price for the new shares in connection with the rights offering in cash by euro 77,958,000 through the issue of 36,600,000 new common registered shares of nominal value of euro 2.13 each (the ''New Shares'') to existing shareholders at a ratio of 3 New Shares for every 2 shares held, the Board of Directors resolved and announces the following:
(a) The Subscription Price for the New Shares (excluding the New Shares that may be placed in the Private Placement, which will be determined at a later stage and may be higher) will be euro 9.
(b) Following the rights offering in cash, and assuming the New Shares are fully subscribed, the Company's share capital will amount to 129,930,000 Euro, divided into 61,000,000 shares, of nominal value of euro 2.13 each. The total proceeds from the rights offering are expected to amount to 329,400,000 Euro. The total excess above par value proceeds from the New Shares will be credited to the ''Share Premium Account''.
(c) The Ex-Rights date, the period during which Rights may be exercised and the period during which the Rights will trade on the Athens Exchange will be determined by the Company's Board of Directors and will be notified to the shareholders through a subsequent announcement.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.