GRIVALIA PROPERTIES R.E.I.C.
Private Placement of unsubscribed shares in the context of the share capital increase of Eurobank Properties REIC
Private Placement of unsubscribed shares in the context of the share capital increase of Eurobank Properties REIC
In the context of the share capital increase of Eurobank Properties Real Estate Investment Company S.A. (the "Company") resolved by the Extraordinary General Meetings of the shareholders of the Company on 03.09.2007 and 15.10.2007, 1,201,750 shares, corresponding to 3.28% of the 36.600.000 new ordinary registered shares that comprise the entirety of the share capital increase, were not subscribed for. These unsubscribed shares (in accordance with the decision of the Board of Directors of the Company dated 09.11.2007 and the decisions of the above mentioned General Meetings of the shareholders) will be offered through a private placement, pursuant to a bookbuilding process, to qualified investors in Greece and to institutional investors outside Greece. The price at which any remaining new shares will be placed in the private placement will be no lower than ευρω 9.00 per share.
The private placement will be arranged by Citigroup Global Markets Limited, Kempen & Co N.V. and EFG Telesis Finance S.A. and is expected to conclude by the close of business on December 11, 2007 at the latest.
In the context of the share capital increase of Eurobank Properties Real Estate Investment Company S.A. (the "Company") resolved by the Extraordinary General Meetings of the shareholders of the Company on 03.09.2007 and 15.10.2007, 1,201,750 shares, corresponding to 3.28% of the 36.600.000 new ordinary registered shares that comprise the entirety of the share capital increase, were not subscribed for. These unsubscribed shares (in accordance with the decision of the Board of Directors of the Company dated 09.11.2007 and the decisions of the above mentioned General Meetings of the shareholders) will be offered through a private placement, pursuant to a bookbuilding process, to qualified investors in Greece and to institutional investors outside Greece. The price at which any remaining new shares will be placed in the private placement will be no lower than ευρω 9.00 per share.
The private placement will be arranged by Citigroup Global Markets Limited, Kempen & Co N.V. and EFG Telesis Finance S.A. and is expected to conclude by the close of business on December 11, 2007 at the latest.