F.G. EUROPE S.A. TO PURCHASE AN ADDITIONAL 7.5% STAKE AT ΣΤΗΝ R.F. ENERGY S.A. F.G. EUROPE S.A. Board of Directors made a resolution to purchase an additional 7.5% stake at R.F. ENERGY S.A. amounting to 2,100,000 shares. The shares will be purchased directly by Mr. Georgios Fidakis, who is F.G. EUROPE's President of the Board and the Company's main shareholder. The consideration to be paid for the purchase of said shares equals the amount that Mr. Fidakis paid on July 10, 2009, in order to acquire an equal amount of shares in participation to the share capital increase in which R.F. ENERGY S.A. proceeded with at the time, but in which F.G. EUROPE S.A. did not participate.
Following purchase of the additional 7.5% stake, F.G. EUROPE S.A. will own a total stake of 37.5% at R.F. ENERGY S.A., thus curtailing the difference which resulted against its originally held stake, when F.G. EUROPE S.A. made a resolution not to participate to the latest share capital increase of subsidiary R.F. ENERGY S.A.
The Board of Directors made the resolution to purchase the additional stake, following the significant improvement the Company saw to its financial results for the nine-month period ended September 30, 2009, and having taken into consideration also the significant potentials of profitability and further growth that investments in the energy sector offer.