ΝΗΡΕΥΣ Α.Ε.
Notification for the date of commencement of trading of the new shares of NIREUS SA resulting from the merge by absorption of KEGO SA.
NIREUS SA announces that on Monday 10 November 2008, commences the trading of the new 11.845.370 shares resulting from the merger by absorption of KEGO SA by NIREUS SA.
On the date of the commencement of trading of the new shares, 10/11/2008, the starting price for the share of NIREUS SA will be determined according to the regulations of the Athens Exchange and Resolution No 26 of the BoD of the Athens Exchange.
The new shares resulting from the merge will be credited to the securities accounts of the beneficiary shareholders at Dematerialized Securities System (DSS) on 10/11/2008.
The share exchange ratio for the shareholders of the merged companies is:
1. The shareholders of KEGO SA (with the exception of NIREUS SA) will exchange 1 share with 0.950000040100058 new dematerialized common registered shares of NIREUS SA of nominal value 1.34 euro. The shares of KEGO SA owned by NIREUS SA will be cancelled. As a result, the shareholders of KEGO SA will receive in total 11,845,370 shares (total shares of the absorbed 17,340,000 minus 4,871,190 shares of NIREUS cancelled equals 12,468,810 shares times the exchange ratio 0.950000040100058) with a new nominal value of 1.34 euro each.
2. The shareholders of NIREUS SA will hold the same number of shares, as before the merger, with a new nominal value of 1.34 euro each.
The fractional shares resulting from the conversion will be settled according to the existing legislation (L.3371/2005 - article 53, L.2396/1996 - article 44 and decision 13/375/17.3.2006 of the HCMC).`
After the merge, that it was approved by the Minister of Development on 31/10/2008 with the decision K2-12329/31-10-2008, the share capital of NIREUS SA amounts to 84,923,361.62 euro, divided into 63,375,643 common registered shares of nominal value 1.34 euro each.
The BoD of the Athens Exchange on its meeting on 06/11/2008 approved the commencement of trading of the new 11.845.370 shares of NIREUS SA resulting from the merger by absorption of KEGO SA.
The contents of the Information Memorandum was reviewed by the BoD of the Hellenic Capital Market Commission on its meeting on 23/10/2008. The Information Memorandum is available from 23/10/2008 at the websites of the companies (www.nireus.gr, www.kego.gr) and the Athens Exchange www.ase.gr. Printed copies of the Information Memorandum are available at the company's headquarters 1st km Koropiou - Varis Ave. Koropi Attiki.
For further information, shareholders may contact Mr Maria Kotsovou, Investor Relation Officer, Tel +30 210 66 98 335 - 373.
On the date of the commencement of trading of the new shares, 10/11/2008, the starting price for the share of NIREUS SA will be determined according to the regulations of the Athens Exchange and Resolution No 26 of the BoD of the Athens Exchange.
The new shares resulting from the merge will be credited to the securities accounts of the beneficiary shareholders at Dematerialized Securities System (DSS) on 10/11/2008.
The share exchange ratio for the shareholders of the merged companies is:
1. The shareholders of KEGO SA (with the exception of NIREUS SA) will exchange 1 share with 0.950000040100058 new dematerialized common registered shares of NIREUS SA of nominal value 1.34 euro. The shares of KEGO SA owned by NIREUS SA will be cancelled. As a result, the shareholders of KEGO SA will receive in total 11,845,370 shares (total shares of the absorbed 17,340,000 minus 4,871,190 shares of NIREUS cancelled equals 12,468,810 shares times the exchange ratio 0.950000040100058) with a new nominal value of 1.34 euro each.
2. The shareholders of NIREUS SA will hold the same number of shares, as before the merger, with a new nominal value of 1.34 euro each.
The fractional shares resulting from the conversion will be settled according to the existing legislation (L.3371/2005 - article 53, L.2396/1996 - article 44 and decision 13/375/17.3.2006 of the HCMC).`
After the merge, that it was approved by the Minister of Development on 31/10/2008 with the decision K2-12329/31-10-2008, the share capital of NIREUS SA amounts to 84,923,361.62 euro, divided into 63,375,643 common registered shares of nominal value 1.34 euro each.
The BoD of the Athens Exchange on its meeting on 06/11/2008 approved the commencement of trading of the new 11.845.370 shares of NIREUS SA resulting from the merger by absorption of KEGO SA.
The contents of the Information Memorandum was reviewed by the BoD of the Hellenic Capital Market Commission on its meeting on 23/10/2008. The Information Memorandum is available from 23/10/2008 at the websites of the companies (www.nireus.gr, www.kego.gr) and the Athens Exchange www.ase.gr. Printed copies of the Information Memorandum are available at the company's headquarters 1st km Koropiou - Varis Ave. Koropi Attiki.
For further information, shareholders may contact Mr Maria Kotsovou, Investor Relation Officer, Tel +30 210 66 98 335 - 373.