The Board of Directors of Attica Holdings S.A. convened today and wishes to announce that in an Extraordinary General Meeting of Shareholders which will take place on Monday 29th November 2010, it will ask the shareholders to approve a share capital increase of Euro 24.3mln.
Greece's current bad financial environment has a direct negative impact in the passenger shipping business where the non-reciprocal charges to third parties, the credit difficulties, the uncontrolled increase in the fuel price and the reduction in traffic volumes have brought the Greek passenger shipping sector into a difficult position.
Existing shareholders of Attica will have the right to acquire 9 new shares for every 50 shares held at the price of Euro 0.83 per share. With solid financial base and showing trust in Attica Group, Attica?s main shareholder Marfin Investment Group which owns 88.8% of Attica's stock will exercise their rights to participate in full in the proposed capital increase.
For more information please contact:
Attica Group
Yannis Criticos
Group CFO
Tel.: +30 210 8919500,
Fax: +30 210 8919509
ir@attica-group.com
www.attica-group.com
www.superfast.com
www.bluestarferries.com