SPRIDER STORES S.A
ANNOUNCEMENT OF THE SHARE'S PAR VALUE DECREASE, THE SHARE CAPITAL INCREASE BY CAPITALIZATION OF RESERVES AND THE DISTRIBUTION OF BONUS SHARES.
The Board of Directors of SPRIDER STORES SA informs the investors that the company's Extraordinary General Shareholders Meeting, that was carried out on November 22, 2007, decided among other issues, upon the following:
1.The decrease the share's par value from 0.60 euro to 0.30 euro and the issuance of 26,262,660 bonus common registered shares, which will be distributed pro rata to the company's shareholders at one (1) new common registered share for every one (1) existing common registered share.
2.The share capital increase by the amount of euro 7,878,798.00, and more specifically the capitalization of an equal amount from the special reserve of the share premium account. The said increase will be conducted through the issuance of 26,262,660 bonus common registered shares with a par value of euro 0.30 each and the distribution pro rata to the company's shareholders at one (1) new common registered share for every two (2) existing common registered shares.
After the above increase, the company's share capital will stand to euro 23,636,394.00, divided to 78,787,980 common registered shares, with a par value of euro 0.30 each.
The decision with reference Κ2-17039/26.11.2007 of the Minister of Development regarding the approval for the amendment of the relevant article of the Articles of Association has been recorded in the Register of Societes Anonymes on November 28, 2007. The Board of Directors of the Athens Exchange in its meeting that took place on December 6, 2007, approved the listing of the abovementioned new bonus shares at the Athens Exchange.
By a decision of the company?s Board of Directors:
1.Those entitled to the bonus shares from the decrease of the share's par value from euro 0.60 to euro 0.30, will be the company's shareholders on the closing of the trading session in the Athens Exchange on December 11, 2007. From December 12, 2007 onwards, the company's shares will trade in the Athens Exchange ex-rights, regarding the bonus shares from the decrease of the share's par value. Furthermore, at the same date the company's opening share price will be adjusted accordingly as determined by the Athens Exchange Regulation. The new shares will start trading as of December 19, 2007. On the same date the new bonus shares will be credited to the Dematerialized Securities System (DSS) accounts of the entitled shareholders.
2.Those entitled to the bonus shares from the share capital increase through the capitalization of part of the special reserve of the share premium account, will be the company's shareholders on the closing of the trading session in the Athens Exchange on December 19, 2007. From December 20, 2007 onwards, the company's shares will trade in Athens Exchange ex-rights, regarding the bonus shares from the abovementioned increase. Furthermore, at the same date the company's opening share price will be adjusted accordingly as determined by the Athens Exchange Regulation. The new shares will start trading as of December 28, 2007. On the same date the new bonus shares will be credited to the Dematerialized Securities System (DSS) accounts of the entitled shareholders.
Investors seeking more information can contact the company, during working days and hours in the address 1, Syrou street, OSAM region, 153 49, Anthoussa Attica, Tel: 210 6609900, in attention of Mr. Thanos Maltezakis.
1.The decrease the share's par value from 0.60 euro to 0.30 euro and the issuance of 26,262,660 bonus common registered shares, which will be distributed pro rata to the company's shareholders at one (1) new common registered share for every one (1) existing common registered share.
2.The share capital increase by the amount of euro 7,878,798.00, and more specifically the capitalization of an equal amount from the special reserve of the share premium account. The said increase will be conducted through the issuance of 26,262,660 bonus common registered shares with a par value of euro 0.30 each and the distribution pro rata to the company's shareholders at one (1) new common registered share for every two (2) existing common registered shares.
After the above increase, the company's share capital will stand to euro 23,636,394.00, divided to 78,787,980 common registered shares, with a par value of euro 0.30 each.
The decision with reference Κ2-17039/26.11.2007 of the Minister of Development regarding the approval for the amendment of the relevant article of the Articles of Association has been recorded in the Register of Societes Anonymes on November 28, 2007. The Board of Directors of the Athens Exchange in its meeting that took place on December 6, 2007, approved the listing of the abovementioned new bonus shares at the Athens Exchange.
By a decision of the company?s Board of Directors:
1.Those entitled to the bonus shares from the decrease of the share's par value from euro 0.60 to euro 0.30, will be the company's shareholders on the closing of the trading session in the Athens Exchange on December 11, 2007. From December 12, 2007 onwards, the company's shares will trade in the Athens Exchange ex-rights, regarding the bonus shares from the decrease of the share's par value. Furthermore, at the same date the company's opening share price will be adjusted accordingly as determined by the Athens Exchange Regulation. The new shares will start trading as of December 19, 2007. On the same date the new bonus shares will be credited to the Dematerialized Securities System (DSS) accounts of the entitled shareholders.
2.Those entitled to the bonus shares from the share capital increase through the capitalization of part of the special reserve of the share premium account, will be the company's shareholders on the closing of the trading session in the Athens Exchange on December 19, 2007. From December 20, 2007 onwards, the company's shares will trade in Athens Exchange ex-rights, regarding the bonus shares from the abovementioned increase. Furthermore, at the same date the company's opening share price will be adjusted accordingly as determined by the Athens Exchange Regulation. The new shares will start trading as of December 28, 2007. On the same date the new bonus shares will be credited to the Dematerialized Securities System (DSS) accounts of the entitled shareholders.
Investors seeking more information can contact the company, during working days and hours in the address 1, Syrou street, OSAM region, 153 49, Anthoussa Attica, Tel: 210 6609900, in attention of Mr. Thanos Maltezakis.