ΝΗΡΕΥΣ Α.Ε.
Invitation for the conversion of the Company's convertible bonds
NIREUS SA informs that the next date for the exercise of the conversion right of the convertible bonds into shares is Monday, 12 January 2008, and notifies of the process of conversion of the Company's convertible bond loan, issued on 12/7/2007, non-tradable in the Athens Exchange, with conversion price 4,50574 euro, conversion ratio 2.16834 shares and Bondholders Representative EFG Eurobank-Ergasias SA.
The right to convert the bonds into shares may be exercised 3 business days before the date of the conversion (8 - 12 January) with a written statement of the bondholder to NIREUS through the Bondholders Representative and with the delivery of the bonds. For multiple bonds, the bondholders may exercise the right to convert the total number or a part of their bonds.
NIREUS SA settles the liability for the repayment of the debenture capital with the credit of the shares resulting from the conversion at the Dematerialized Securities System (DSS). Accrued interest will be paid to the bondholders up to the date that the new shares will be credited to the Dematerialized Securities System.
The new shares from the conversion of the Company's bonds are entitled to a dividend from the profits of the fiscal year at which the right of conversion was exercised.
The Company will notify for the credit and the commencement of trading of the new shares at the Athens Exchange with a subsequent announcement. For further information Bondholders may contact Investor Relation Department of NIREUS - IR Manager Ms Maria Kotsovou, tel +30 210 66 98 335 - 373.
The right to convert the bonds into shares may be exercised 3 business days before the date of the conversion (8 - 12 January) with a written statement of the bondholder to NIREUS through the Bondholders Representative and with the delivery of the bonds. For multiple bonds, the bondholders may exercise the right to convert the total number or a part of their bonds.
NIREUS SA settles the liability for the repayment of the debenture capital with the credit of the shares resulting from the conversion at the Dematerialized Securities System (DSS). Accrued interest will be paid to the bondholders up to the date that the new shares will be credited to the Dematerialized Securities System.
The new shares from the conversion of the Company's bonds are entitled to a dividend from the profits of the fiscal year at which the right of conversion was exercised.
The Company will notify for the credit and the commencement of trading of the new shares at the Athens Exchange with a subsequent announcement. For further information Bondholders may contact Investor Relation Department of NIREUS - IR Manager Ms Maria Kotsovou, tel +30 210 66 98 335 - 373.