ΝΗΡΕΥΣ Α.Ε.
Merge of Nireus and Kego approved by the Greek Ministry of Development - Cessation of trading for the shares of KEGO.
Nireus Aquaculture SA announces the completion by law of the merger by absorption of KEGO SA. As of 31/10/2008 the decision K2-12329/31-10-2008 of the Minister of Development that approves the merger by absorption has been filed in the Register of Societe Anonymes.
Consequently, the shares of absorbed KEGO SA will cease trading on Monday, 3/11 /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.
After the merge 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.
NIREUS SA will make further notifications for the date of commencement of trading in the Athens Exchange of the new shares resulting from the merge. At the date of the commencement of trading of the new shares, the starting price for the share of NIREUS SA will be determined according to the regulations of the Athens Exchange (article 5.3.8.2 of Rulebook and Resolution No 26 of the BoD of the Athens Exchange).
The Information Memorandum for the merge 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.
Consequently, the shares of absorbed KEGO SA will cease trading on Monday, 3/11 /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.
After the merge 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.
NIREUS SA will make further notifications for the date of commencement of trading in the Athens Exchange of the new shares resulting from the merge. At the date of the commencement of trading of the new shares, the starting price for the share of NIREUS SA will be determined according to the regulations of the Athens Exchange (article 5.3.8.2 of Rulebook and Resolution No 26 of the BoD of the Athens Exchange).
The Information Memorandum for the merge 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.