ELVAL S.A. would like to hereby announce that the Company?s 40,000 new common bearer shares, which arose from the recent increase in the Company?s share capital by 12,000 Euros, due to the exercise of stock option rights on behalf of a member of the Board of Directors at a strike price of 2.96 Euros, in accordance with the decision of the Ordinary General Meeting of the shareholders of 18 June 2002 and of the Board of Directors of 15 October 2002, will begin to be traded on the Athens Exchange on Friday, 28 December 2007.
The said increase, which does not constitute a direct amendment of the Company?s articles of association, was certified by the Company?s Board of Directors on 5 December 2007, in implementation of the decisions of the said General Meeting, and was entered in the Register of Societes Anonymes with relative announcements Κ2-17671/11-12-2007 and Κ2-17803/11-12-2007.
The Board of Directors of the Athens Exchange, during its meeting that convened on 20 December 2007, approved the listing of the Company?s said 40,000 new common bearer shares.
Following a decision of the Company?s Board of Directors, the said new shares will begin to be traded on the Athens Exchange on 28 December 2007. As of the same date, the opening price of the Company?s shares shall be set in accordance with the Regulation of the Athens Exchange and the new shares shall have been credited to the Securities Accounts of the beneficiaries in the Dematerialised Securities System.
For more information, shareholders are kindly requested to refer to the relative document that is available, as of 17 December 2007, in both printed and electronic form or to contact the Company?s Shareholder Service Department (tel.: 22620-53354, Mr Aggelos Giazitzoglou).