PANTECHNIKI SA. According to the provision of Law 3556/2007, the decision 1/434/3.7.2007, and the clarification provided by the Guidance Circular 33/03.07.2007 issued of the Hellenic Capital Market Commission, informing the investment public regarding the procedure for notification of significant holdings, or voting rights.
OBLIGORS- NOTIFICATION OF SIGNIFICANT HOLDINGS OR VOTING RIGHTS (ARTICLES 9, 10, 11, OF LAW.3556/2007)
A) Every person ( shareholder or not) of the company, who acquires or disposes shares with voting rights that are listed on a regulated market and as a result of the acquisition or the disposal, the voting right he possesses reaches, exceeds or goes below the limit of 5%,10%,15%,20%,25%,1/3,50% and 2/3, has to inform the company and the Hellenic Capital Market Commission regarding the voting rights.
B) Every Shareholder that possesses voting rights more than 10%, is obliged to proceed for notification in any case that occur change at the voting rights equal or higher than 3%, as a result of acquisition or disposal or due to corporate action.
The company for the purpose of calculating the aforementioned limits has announced the total number of shares and its paid up share capital on 03/10/2007 and posted the information at the company's web site (www.pantechniki.gr).
It is noted that since 30.06.2007 (Date of which Law 3556/2007 becomes effective) and not further than 3 months after the aforementioned date ,until 30/09/2007, obligors who possess significant holdings in the voting rights, have to proceed for notification to the company about the percentage of the voting rights and of the paid up share capital of the company that they hold, in accordance with articles 9,10,11 of the Law 3556/2007 , unless they have already made such notification according to the abolished presidential decree 51/92.
PROCEDURE AND TIME FOR SUBMITTING THE NOTIFICATION -COMPETENT AUTHORITIES:
1) The persons who are obliged for notification, in accordance to law, must proceed to notification any significant change of their holding in the voting rights of the company, simultaneously to the company and the Hellenic Capital Market Commission, as soon as possible and in any case, the latest within three (3) trading days, the first day of which being the next day after the date on which the obligor acquired or disposed voting rights. To the extend that the above information may be considered as privileged, the obligor must act with the required diligence in monitoring the orders given for the execution of the transactions and take the necessary measures, in order to be informed in due time whether they were executed or not and accordingly to proceed with their notification.
2) The notification to the company and to the Hellenic Capital Market Commission should include the following information:
A) The percentage of voting rights held pursuant to the acquisition or the disposal
B) The chain of the controlled companies through which the voting rights are essentially held, as the case may be
C) The date on which the percentage of the voting rights reached, exceeded or went below the above mentioned thresholds.
D) The identity of the shareholder, even if such shareholder does not have the right to exercise the voting rights in accordance with article 10 of the law ,as well as the identity of the person who is entitled to exercise the voting rights on behalf of the said shareholder.
The simultaneous notification to the company and to the Hellenic Capital Market Commission is made by submitting to both of them the respective Notification Form, a specimen of which is being posted on the Hellenic Capital Market Commission website (www.cmc.gov.gr). It is noted that the obligor is liable for the accuracy of the notification and for any mistakes or omissions in it.
Furthermore, it is noted that the Notification Form must be submitted to the company and to the Hellenic Capital Market Commission, dully signed. In any case the obligor is legal entity, the notification form is signed by its legal representative.
The dolly signed notification form is submitted:
A) To the company, at its office (Kavalieratou 7 Kifisia PC-14564), to the attention of Investor Relations Department (Telephone Number:210-6260600) during working days and hours, bearing the note Notification of significant change in voting rights in accordance with the Law 3556/2007. In order to facilitate the shareholders, the notification form can be sent by fax at number +30 210-8000838, with an attached cover page that will mention the details of the sender, his/her signature, a contact number and the number of the pages sent.
B) To the Hellenic Capital Market Commission, at its central protocol service (Kolokotroni 1 Stadiou Street PC-10562 Athens) addressed to the Department of Public Offerings and Supervision of Listed Companies, bearing the note Notification of significant change in voting rights in accordance with the Law 3556/2007.The submission can be also made by sending a fax at number +30 210 3377243.In such case, the notification form must be attached to a cover page mentioning the details of the sender, his/her signature, a contact number and the number of pages sent. The obligor is responsible for the successful transmission of the documents and their delivery to the competent protocol service. In any case, the competent authority for supervising the obligation for notification is the Hellenic Capital Market Commission.
SANCTIONS:
In accordance with the article 26 of the Law, in case the Law is violated, the Hellenic Capital Commission can impose a fine up to 1.000.000 Euro.
This announcement provides information about the provision of Law 3556/2007. For further information, clarifications on the articles of the Law, every person (shareholder or not) may visit the Hellenic Capital Market Commission website ( www.cmc.gov.gr).