The Company, with present, informs shareholders with regard to their obligations pertaining to the notification of important participation changes, as arising from articles 9, 10, 11 and 14 of Law 3556/2007 and decision 1/434/3.7.2007 by the Administrative Council of the Capital Market Commission.
Specifically, according to article 9 of law 3556/2007, shareholders who acquire or dispose of shares with rights of vote, whose percentage of rights of vote - because of this acquisition or disposal - reaches, exceeds or falls below the limits 5%, 10%, 15%, 20%, 25%, 1/3, 50% and 2/3 must inform the issuer as to the percentage of rights of vote possessed as result of this acquisition or disposal.
Shareholders who possess a percentage of rights of vote greater than 10%, must proceed to the relevant notification, even in cases where the change to the percentage of rights of vote held is equal or greater than 3%.
According to article of 10 above law, the obligation of notification is also effective for parties acquiring, disposing of or practicing rights of vote in the following cases:
a) rights of vote held by third parties with which the aforementioned party has entered agreements, based on which they must, through the coordinated exercise of rights of vote held, adopt a common policy as to the Company s administration,
b) rights of vote held by third parties by virtue of an agreement entered with the aforementioned party, which provides for the paid transfer of rights of vote,
c) rights of vote incorporated in shares provided to with the aforementioned party as material insurance, under the condition that said party controls the rights of vote and have declared their intention to practice this.
d) rights of vote incorporated in shares whose lifelong users are the aforementioned parties,
e) rights of vote incorporated in shares provided to the aforementioned party, which said party may use at will, provided no special shareholders instructions exist pertaining to these,
f) rights of vote held by third parties in their name but on behalf of the aforementioned party,
g) rights of vote which the aforementioned party may use under power of attorney, provided that they may practice the rights of vote at will without special shareholders instructions,
h) with regard to management companies, rights of vote held, acquired or disposed of, the mutual funds are managed by said company.
According to article 11 of Law 3556/2007, the obligation to amend article 9 also applies to parties acquiring or disposing of credit means directly, or indirectly via third parties.
With regard to the Company and according to articles 9, 10 and 11 of said law, provided that they acquire or dispose of Company rights of vote, they must proceed to the notification of the important change in their participation in Company rights of vote simultaneously the Company and the Capital Market Commission, as soon as possible and in any case at the latest within three (3) negotiation days from the date when the relevant obligation of notification was created.
The Company s notification is realized by the submission of the relevant form of notification, legally signed. This may be sent by fax: 210.66.84.701 (attention of Department of Shareholders), confirming receipt by phone at Tel. 210.66.83 900.
The notification form is submitted, legally signed, to the central protocol office of the Capital Market Commission, at the address Kolokotroni 1 and Stadiou, 105 62 Athens and is addressed to the Capital Market Commission's Department of Public Registrations and Monitoring of Listed Companies, to the Department of Monitoring and Follow-up of Listed Company Conduct, , with the indication notification of important changes in rights of vote according to Law 3556/2007.
Submission may also be realized by fax: 210.33.77 243. In this case, the form should be accompanied by a fax cover, which should definitely contain sender details, signature, telephone and the number of sent pages, confirming their receipt by the competent protocol service.
A legally signed notification is that bearing the signature of the liable parties themselves or another, legally authorized party. If the liable party is a legal entity, the statement is signed by its legal representative.
It is noted that the competent authority for the monitoring of information obligations is the Capital Market Commission and the relative form of notification has been posted on its website (www.hcmc.gr).
For more information or larifications, interested parties may contact the Company s Department of Shareholders (Mrs Ek. Dretaki, tel.210 66.83 900).