CARS MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COMPANY S.A
Change of use of raised funds
MOTODYNAMICS S.A. announces its Annual General Meetings decision of 29/5/2009 regarding the change of use of raised funds. In particular, the companys Annual General Meeting approved the companys Board of Directors decision of 7/5/2009, relevant to the change of use of the undisposed amount of 200.000 euros of the raised funds from the Athens Stock Exchange, which, following the previous Decisions of the Shareholders General Meeting of 30/5/2007 and the Board of Directors decisions of 27/3/2008 and 17/12/2008, was originally decided to be used for the establishment of a retail store in Athens with basic object of activity the sale of marine products. Therefore, the General Meeting of Shareholders decided to approve the change the use of the aforementioned fund, so as to cover part of the Short-term Borrowing of the company, until June 2009.