The company Techniki Olympiaki S.A. hereby informs investors, in accordance with Article 16 of Codified Law 2190/1920, as in force, that the 2nd Repeat Ordinary General Shareholders Meeting held on 8 September 2008 decided to purchase up to 16,500,000 own shares (9.60% of the Company's total shares), at a minimum price of ten cents (EUR 0.10) and maximum price of one euro and twenty cents (EUR 1.20) per share.
31 December 2009 is the date by which the acquisition of these shares must take place, as determined by the related Decision.
The acquired shares will be used to cover a share distribution plan, which will be in the form of stock options for the Company's BoD members and executives, as well as for BoD members and executives of its affiliated companies, in accordance with further details that will be determined by the Company's BoD, as per related authorisation granted by the General Meeting.
The offer price per share regarding the exercise of the above stock options, in case they are implemented via an offer of the own share acquisition, based on the relevant authorisation by the General Meeting, was set at one third (1/3) of the average trading price during the last month prior to the offer, rounded up to the second decimal digit and in accordance with the other details that will be determined by the Company's BoD.