ΝΗΡΕΥΣ Α.Ε.
ADJUSTMENT OF THE CONVERSION PRICE AND RATIO FOR THE CONVERTIBLE BOND
NIREUS SA announces the adjustment of the conversion price and ratio for the Convertible Bond issued on 12.07.2007. The adjustment is made because of the increase in the share capital of NIREUS SA that resulted from the merge with Kego and is aimed at preserving the rights of bondholders.
The new conversion prices, applicable from 10.11.2008 (the date of introduction of the new shares arising from the merger) and following the terms of the bond issue, are:
Conversion Price: euro 4,50574 Euro (from euro 4,68129) Conversion ratio: One convertible bond will be converted into 2.16834 common registered voting shares with a nominal value of euro 1,34 (from 2.08703 shares previously).
The new conversion prices, applicable from 10.11.2008 (the date of introduction of the new shares arising from the merger) and following the terms of the bond issue, are:
Conversion Price: euro 4,50574 Euro (from euro 4,68129) Conversion ratio: One convertible bond will be converted into 2.16834 common registered voting shares with a nominal value of euro 1,34 (from 2.08703 shares previously).