MIG HOLDINGS S.A.
Announcement - trading commencement of new shares.
"MARFIN INVESTMENT GROUP HOLDINGS SA" hereby informs investors on the following:
Α) The 1st Reiterative Ordinary General Meeting of the Company's share holders, held on 3.6.2010, decided on the increase of the Company's share capital up to the amount of €41,046,228.90 with issue of up to 76,011,535 new common registered shares of a par value of € 0.54 each, which would be effected through reinvestment by shareholders of capital return in cash. Moreover, the above General Meeting authorized the Board of Directors to determine the disposal price of the shares, which was to be 10% below the average closing price of the Company?s share at the Stock Exchange during the first five (5) sessions that the share would be traded without right to capital return. In light of the above, the disposal price of the above shares was set at € 0.95.
It is reminded that the persons entitled to receive the capital return in the form of shares instead of cash would be beneficiaries of the capital return, in particular MIG shareholders registered in the Shareholders' Ledger of "HELLENIC STOCK EXCHANGES SA" ("HELEX") after clearance of transactions effected by the end of business for ASE on July 13th 2010. The cut-off date was scheduled for July 14th 2010, and the record date was scheduled for July 16th 2010.
The time-limit for the exercise of existing shareholders? first refusal rights commenced on Thursday, June 17th 2010 and ended on Friday, July 16th 2010 (first refusal right exercise period).
Finally, 4,276 shareholders of the Company registered for the increase, for a total amount of € 9,673,701.80 corresponding to 10,182,844 new common registered shares of the Company, of a par value of €0.54 each, at the disposal price of €0.95 per share. Of the above amount, €5,498,735.76 is the amount of increase of the Company's share capital and €4,174,966.04 is credited to account entitled "Reserve from the issue of shares above par".
Β) The Company's share capital was further increased by the amount of € 16,190.82 with issue of 29,983 new common registered shares of the Company, of a par value of €0.54 each, as a result of the conversion into shares of 11,866 bonds of the existing Convertible Bond Loan of the Company, as decided by the Board of Directors at its meeting of 13.10.2009 and in accordance with articles 3a in conjunction with article 13 of codified law 2190/1920 and 1 of law 3156/2003, and article 5 para. 2 of the Company?s Articles of Incorporation, issued on 19.3.2010 (hereinafter "CBL"), at the conversion rate of € 1.8876 per share.
After conversion of the aforementioned 11,866 bonds into shares, the remaining bonds of the Company's CBL are 52,758,064.
Following the above, the Company's share capital currently amounts to € 415,977,219.90 fully paid-up, divided into 770,328,185 common registered shares of a par value of €0.54 each.
On 05.8.2010, announcements nr. Κ2-7693/05.08.2010 and Κ2-7694/05.08.2010 of the Minister of Finance, Competitiveness and Shipping were filed with the Companies' Registry, concerning adjustment of the relevant article of the Company's Articles of Incorporation in accordance with article 13a para. 2 of codified law 2190/1920 and readjustment of same in accordance with article 3a para. 4 of codified law 2190/1920. The Board of Directors of the Athens Stock Exchange, at its meeting of 12.08.2010, approved admission of the above new shares for trading.
In light of the above, as of 19.08.2010 the 10,212,827 new common registered shares of the Company will begin trading at the Athens Stock Exchange, of which 10,182,844 new shares resulted from the share capital increase due to reinvestment of capital return, and 29,983 new shares from the share capital increase due to conversion of 11,866 bonds into shares.
As of the same date, the starting price of the Company?s shares at ASE will be formed in accordance with ASE Regulation and decision nr. 26 of the ASE Board of Directors, as in force, and the above shares will have been credited to the shares and securities accounts of Shareholders at the Dematerialized Securities System (DSS).
For more information regarding the listing of the Company's new shares for trading, shareholders are kindly requested to refer to Shareholders' Services (tel. 210 7710053 / 210 7710373, Mrs. Spanaki / Mr. Sgagias). For more information regarding reinvestment of the capital return, shareholders may also refer to the relevant document available in electronic form at the website of ASE (www.ase.gr) and the Company (www.marfininvestmentgroup.com).
Α) The 1st Reiterative Ordinary General Meeting of the Company's share holders, held on 3.6.2010, decided on the increase of the Company's share capital up to the amount of €41,046,228.90 with issue of up to 76,011,535 new common registered shares of a par value of € 0.54 each, which would be effected through reinvestment by shareholders of capital return in cash. Moreover, the above General Meeting authorized the Board of Directors to determine the disposal price of the shares, which was to be 10% below the average closing price of the Company?s share at the Stock Exchange during the first five (5) sessions that the share would be traded without right to capital return. In light of the above, the disposal price of the above shares was set at € 0.95.
It is reminded that the persons entitled to receive the capital return in the form of shares instead of cash would be beneficiaries of the capital return, in particular MIG shareholders registered in the Shareholders' Ledger of "HELLENIC STOCK EXCHANGES SA" ("HELEX") after clearance of transactions effected by the end of business for ASE on July 13th 2010. The cut-off date was scheduled for July 14th 2010, and the record date was scheduled for July 16th 2010.
The time-limit for the exercise of existing shareholders? first refusal rights commenced on Thursday, June 17th 2010 and ended on Friday, July 16th 2010 (first refusal right exercise period).
Finally, 4,276 shareholders of the Company registered for the increase, for a total amount of € 9,673,701.80 corresponding to 10,182,844 new common registered shares of the Company, of a par value of €0.54 each, at the disposal price of €0.95 per share. Of the above amount, €5,498,735.76 is the amount of increase of the Company's share capital and €4,174,966.04 is credited to account entitled "Reserve from the issue of shares above par".
Β) The Company's share capital was further increased by the amount of € 16,190.82 with issue of 29,983 new common registered shares of the Company, of a par value of €0.54 each, as a result of the conversion into shares of 11,866 bonds of the existing Convertible Bond Loan of the Company, as decided by the Board of Directors at its meeting of 13.10.2009 and in accordance with articles 3a in conjunction with article 13 of codified law 2190/1920 and 1 of law 3156/2003, and article 5 para. 2 of the Company?s Articles of Incorporation, issued on 19.3.2010 (hereinafter "CBL"), at the conversion rate of € 1.8876 per share.
After conversion of the aforementioned 11,866 bonds into shares, the remaining bonds of the Company's CBL are 52,758,064.
Following the above, the Company's share capital currently amounts to € 415,977,219.90 fully paid-up, divided into 770,328,185 common registered shares of a par value of €0.54 each.
On 05.8.2010, announcements nr. Κ2-7693/05.08.2010 and Κ2-7694/05.08.2010 of the Minister of Finance, Competitiveness and Shipping were filed with the Companies' Registry, concerning adjustment of the relevant article of the Company's Articles of Incorporation in accordance with article 13a para. 2 of codified law 2190/1920 and readjustment of same in accordance with article 3a para. 4 of codified law 2190/1920. The Board of Directors of the Athens Stock Exchange, at its meeting of 12.08.2010, approved admission of the above new shares for trading.
In light of the above, as of 19.08.2010 the 10,212,827 new common registered shares of the Company will begin trading at the Athens Stock Exchange, of which 10,182,844 new shares resulted from the share capital increase due to reinvestment of capital return, and 29,983 new shares from the share capital increase due to conversion of 11,866 bonds into shares.
As of the same date, the starting price of the Company?s shares at ASE will be formed in accordance with ASE Regulation and decision nr. 26 of the ASE Board of Directors, as in force, and the above shares will have been credited to the shares and securities accounts of Shareholders at the Dematerialized Securities System (DSS).
For more information regarding the listing of the Company's new shares for trading, shareholders are kindly requested to refer to Shareholders' Services (tel. 210 7710053 / 210 7710373, Mrs. Spanaki / Mr. Sgagias). For more information regarding reinvestment of the capital return, shareholders may also refer to the relevant document available in electronic form at the website of ASE (www.ase.gr) and the Company (www.marfininvestmentgroup.com).