The Management of ELLINIKI TECHNODOMIKI TEB SA (the 'Company') would like to inform the investor community that its 1st Repeat General Meeting, will take place on Tuesday, July 8, 2008, at the Company's premises on 25, Ermou Str., Kifissia, at 11:00 a.m. in order to discuss and decide on subjects No 10 and 13 of the AGM΄s agenda, i.e.:
10. Granting of the authority, as per article 13 par. 1 section b C.L. 2190/1920, to the Board of Directors.
13. Approval of a stock option plan, to members of the Boards of Directors and executives of the Company and its affiliates as defined in article 42e par. 5 Cod. Law 2190/20, for the acquisition of Company shares (article 13 par. 13 C.L. 2190/1920).
Please note that regarding subject No 13 of the agenda, the Company's BoD will recommend to the General Meeting the introduction of a Stock Option Plan along the following guidelines:
Parameter : Proposal
Participants: Selective executive BoD members of ELTEB and affiliated companies of the Group
Number of stock options (% on total outstanding shares): Newly issued shares of ELTEB following a share capital increase, that will not exceed 1% of the current outstanding shares of the Company
Duration of the Stock Option Plan : 3 years from the approval of the Stock Option Plan by the General Meeting
Exercise Price : Average closing price for the three months period prior to the BoD approval of the detailed terms of the stock option plan
Vesting Conditions for the stock options: The proposal is that the AGM authorizes the BoD to explore and approve vesting conditions linked to targets depending on the participant΄s position and ranking.
According to the above, the proposal is that the AGM authorizes the BoD of the Company to formulate the detailed terms of the Stock Option Plan.