Frigoglass S.A.I.C. announces that on Friday February 25, 2011, a total of 31,495 of its new ordinary shares will commence trading on the Athens Exchange. The new shares were issued as a result of a share capital increase in the Company?s share capital of an amount of Euro 9,448.50 following the exercise of stock options by a total of 9 employees of the Company and of its affiliated companies as follows:
a) 27,997 new shares to 9 beneficiaries at an issuing price of Euro 4 per share (according to the Resolution of the General Assembly of 5.6.2009 and of the Board Resolution of 19.6.2009)
b) 3,498 new shares to 3 beneficiaries at an issuing price of Euro 7,08 per share (according to the Resolution of the General Assembly of 14.5.2010 and of the Board Resolution of 17.11.2010)
The Board of Directors certified the share capital increase, which does not constitute an amendment of the company?s Articles of Association, on December 29, 2010, in accordance with the resolutions of the Company?s General Meeting listed above. The Ministry of Development approved and registered the share capital increase with the Registry of Societes Anonymes by virtue of its decision no K2-564/17.01.2011.
The Board of Directors of the Athens Exchange approved on 18.02.2011 the commencement of trading of the above 31,495 new ordinary shares of the Company.
The Board of Directors of the Company has resolved that trading of the above new shares on the Athens Exchange will commence on Friday 25.02.2011. The new shares will have been credited to the securities accounts (SAT accounts) of the relevant shareholders before such date.
The opening price of the Company?s shares on the above date will be determined in accordance with the Regulations of the Athens Exchange.