HATZIOANNOU SA announces that the Ordinary General Meeting of its common and preferred shareholders that took place on June 29 and 30 respectively, approved of the decrease of the Company's share capital via the right off past fiscal year losses of the merged via absorption VERTICAL SA and INFO TRUST SA, according to the transformation Balance Sheet as at 30/09/2006, pursuant to the provisions of article 4 of Law 2190/1920, by the amount of 32,615,308.73 Euro plus absorption losses of 154,476.87 Euro
The decrease of the share capital will occur via the respective decrease of the share's nominal value form 1.20 Euro to 0.40 Euro.
After the afore mentioned decrease, the Company share capital will amount 16,384,892.80 Εuro and will be composed of 40,962,232 registered shares of 0.40 euro nominal value per share, of which 40,962,232 are common shares and 404,800 are preferred shares without voting rights.
The Ministry of Development, with the Decision number Κ2-10215/9.7.2007, approved of the amendment of the relative article of the Company's Charter. The Athens Exchange Board of Directors in its session on August 23 2007 took knowledge of the decrease of the Company Share's nominal value.
Following all of the above, starting August 29 2007 the Company shares will be traded at the Athens Exchange with the new nominal value of 0.40 Euro per share.
For more information all shareholders may contact the Shareholder Services Dept. (tel. 210-6609800)