Frigoglass S.A.I.C. announces that on Wednesday April 30, 2008, 65.621 new ordinary shares will commence trading on the Athens Exchange. The new shares were issued as a result of the increase of the Company's share capital by an amount of Euro 65,621 following the exercise of stock options by employees of the Company and its affiliates.
More particularly, stock options were exercised by 9 employees who were awarded the above total 65.621 new shares at an issuing price of Euro 1 per share (according to the Resolution of the General Assembly of 8.6.2007 and of the Board Resolution of 8.6.2007).
The Board of Directors certified the above share capital increase, which does not constitute an amendment of the company's Articles of Association, on December 31, 2007, in accordance with the resolutions of the Company?s General Meeting and the Board listed above. The Ministry of Development approved and registered the share capital increase with the Registry of Societes Anonymes by virtue of its decisions no K2- 4180/4.4.2008 and K2-4180 (dis)/4.4.2008.
The Athens Exchange approved on 22.4.2008 the commencement of trading of the above 65,621 new ordinary shares of the Company.
The Board of Directors of the Company has resolved that trading of the above new shares on the Athens Exchange will commence on Wednesday 30.4.2008. The new shares will have been credited to the securities accounts (SAT accounts) of the relevant shareholders before such date.
The opening price of the Company's shares on the above date will be determined in accordance with the Regulations of the Athens Exchange.
For further information please refer to the article 4 par 2f of law 3401/2005 that is at the company's site www.frigoglass.com, or at the Athens Stock Exchange site www.ase.gr.
Investor Relations Department at + 30 210-6165700