ANEK LINES SA announces, according to the ATHEX Regulation, that the Board of Directors of ANEK LINES S.A. at its meeting on 19th of December 2008 resolved to change the use of raised funds and to extend the time-limit of the completion for their disposal, in relation to the Prospectus dated on the 30th of March 2007.
According to the initial scheduled allocation of the funds for the financing of the purchase of new vessels, the amount of ? 81.71 mil. was estimated to be disposed until the 30th of June 2008 and it was extended until the 31st of December 2008, as per the BoD decision of 23rd of April 2008 which was validated by the General Shareholders Meeting on the 18th of May 2008. The BoD resolved to change the allocation of funds amounting to ? 4.50 mil. for operational capital needs, as well as, to extent the completion for the disposal of the raised up capital until the 31st of March 2009, without such change of use to alter or effect the Company?s investing plan.
The above mentioned extension refers to the funds raised from the share capital increase through payment in cash of total amount of ? 106.64 mil. as resolved by the Second Repeat Extraordinary General Meeting held on the 5th of November 2006 and the Second Repeat Special Meeting of the preference shareholders held on the 23rd of December 2006, which was certified by the K2-422/16-01-2007 decision of the Ministry of Development. The Prospectus in relation to the above mentioned share capital increase has been approved by the BoD of the Hellenic Capital Market Commission on the 30th of March 2007.