Extraordinary General Assembly 16.05.2007
To the information of the investing public, we would like to disclose the event that during the Extraordinary General Assembly of our Company shareholders that was held on 16.5.2007, Wednesday, at 16.00, at the Company’s registered office at Num. 9 Cyprou Str. of Moschato, Attica, where there were present and represented 63 Shareholders that 34.794.425.of the total of 60.617.358 shares and votes, equal to the percentage of 57.40 % of the total paid share capital of the Company, as concerning the discussion agenda, the following decisions were made:
Α. Issue of Common Bond Loan.
1. With the supported majority of 34,752,344 votes out of those present, equal to the percentage of 99.88% of the current and represented share capital was approved the issue of common non-convertible bong loan in compliance with Article 6 of the Law 3156/2003 of seven year duration up to the utmost amount of € 145.000.000, that will provide the bond holders with the right to interest withdrawal. The Loan will be used for the Company’s purpose financing, including the working capital, in order to re-finance the outstanding semi-long term loan obligations of the Company and its investing program. The aforementioned amount of the Loan will be issued in four Issue Series. It can be divided into 1.300 nominal bonds of Issue Series A, of utmost total nominal value of € 65.000.000. It will be divided into 400 utmost limit nominal bonds of Issue Series B, of utmost total nominal value of € 20.000.000 and into 800 utmost limit nominal bonds of Issue Series C, of utmost total nominal value of € 40.000.000. It can be divided into 400 utmost limit nominal bonds of Issue Series D, of utmost total nominal value of € 20.000.000. In particular, concerning the bonds of Series A and Series B, the Company will have the possibility to purchase and re-introduce them to the bond holders. Every bond will have the nominal value of € 50.000 and the issue price at par. The Loan will meet the terms that will be agreed upon, by means of special agreement, by the credit institutions that will participate and –in any case- the loan will fully meet the terms of the issuing and coordinating Bank within the deadline established and defined in the contract. The Company, as the Issuer, will proceed to the issue of the Loan Program that will mention all the terms of the Loan issue. «BNP PARIBAS SECURITIES SERVICES» will undertake the duties of Deposits Proxy and Bond Holders Representative.
2. The Board of Directors of the Company was particularly authorized to make free decisions in compliance with its own judgment and make its own conclusions concerning every document, contract and every other matter related to the Loan issue, its terms, the Program, its duration and distribution to the organizing and coordinating Bank and to other credit institutes interested as well as concerning its issue expenditure, to assign the aforementioned responsibilities to other persons. Furthermore, there were approved the actions of the Company Management as till presently.
Β. Modification of the Company’s Charter of Incorporation Articles.
With the supported majority of 27,209,531 votes out of those present, equal to the percentage of 78.20% of the current and represented share capital There was made a decision concerning the modification of Articles 5, B, par. 1 and 5 and Article 27 par. c, num. 5 and 8 of the Company’s Charter of Incorporation concerning its presentation as a unified text.