The Maritime Company of Lesvos S.A. (the Company), following the decision of the Second Repetitive General Assembly of the Shareholders on 25.07.2007 would like to inform the public of the following:
1. The beneficiaries of the stock option rights, are required to declare, in writing to the Company, from December 7th until December 15th 2007, of their intention to exercise their rights in full or in part.
2. This offer is addressed to 26 persons (members of the Board of Directors, executives and employees of the company and affiliated companies), to whom not transferable stock option rights were offered for the year 2007.
3. The offer concerns 2.000.000 new common shares of Company, the price of which according to the Stock Option Plan is set to 0,47 euro per share.
4. The share capital of the Company currently amounts to Euros 34.872.701,10 and is divided into 116.242.337 nominal share, with a nominal value of 0,30 Euros each.
5. The beneficiaries, after submitting the required documentation for the exercise of their rights, are obliged to proceed with payment of the exercised rights by 15.12.2007.
6. Depending on the subscription of the aforementioned rights and payment thereof by the beneficiaries, the Board of Directors will proceed to increase the share capital of Company accordingly. Such increase does not constitute an amendment to the Articles of Incorporation, in compliance with article 13 par.13 C.L. 2190/1920. Upon completion the new shares will be issued.
Furthermore the Board of Directors will proceed with all of the necessary legal requirements for the listing of the new shares on the Athens Exchange.
The number of new shares to be listed depends on the partial / full exercise of the total rights offered.