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Athens Exchange
The Board of Directors of the Athens Stock Exchange approved prospectuses
September 5, 2002 On its session on September 5, the Board of Directors of the Athens Stock Exchange approved the prospectus of the following company regarding the listing of its shares on the Athens Stock Exchange:

· ALFA – GRISIN INFOTECH S.A. regarding the listing of its shares on the Parallel Market of the Athens Stock Exchange

In accordance with the approved prospectus:

· the company ALFA – GRISIN INFOTECH S.A. will distribute 1,161,250 new common registered shares as follows: 1,106,250 by public offering to the investing public and 55,000 by private placement.

On its session on September 5, the Board of Directors of the Athens Stock Exchange approved the prospectuses of the following listed companies:

· EMPEDOS S.A. (formerly GNOMON CONSTRUCTION COMPANY S.A.) regarding the company’s share capital increase due to a merger by acquisition of the companies GEKAT CONSTRUCTION COMPANY, TEGK S.A., ERGOKAT S.A., KORONIS S.A., METRIC S.A., KASTAT S.A., DOMISI S.A. and ALFA S.A. (holding of 100%).

· PANTECHNIKI S.A. regarding the company’s share capital increase due to a merger by acquisition of the companies C. I. SARANTOPOULOS S.A., EGEOPELAGITIKI S.A. as well as of the companies DOKAT S.A. and YRIA S.A. (subsidiary companies by 100%).

· EKTER S.A. regarding the company’s share capital increase due to a merger by acquisition of the companies HEFESTOS S.A. and ASTRON S.A..

In accordance with the approved prospectuses:

· EMPEDOS S.A. (formerly GNOMON CONSTRUCTION COMPANY S.A.) proceeds to a company’s share capital increase by issuing 73,164,556 new common registered shares of a par value of Euro 0.30 of which: 22,440,764 new shares will be distributed to the shareholders of the acquiring company EMPEDOS S.A. (each share held will be exchanged for 0.91334 new shares) in replacement of 24,570,000 existing common registered shares, 21,763,723 new shares will be distributed to the shareholders of the acquired company GEKAT CONSTRUCTION COMPANY (each share held will be exchanged for 2.14347 new shares), 18,290,662 new shares will be distributed to the acquired company TEGK S.A. (each share held will be exchanged for 8.75457 new shares), 9,511,399 new shares will be distributed to the acquired company ERGOKAT S.A., (each share held will be exchanged for 1.58841 new shares), 917,262 new shares will be distributed to the acquired company KORONIS S.A., except for the shareholder GEKAT CONSTRUCTION COMPANY (each share held will be exchanged for1.44656 new shares), 240,279 new shares will be distributed to the acquired company METRIC S.A. except for the shareholder EMPEDOS S.A. (each share held will be exchanged for 22.24808 new shares), 477 new shares will be distributed to the acquired company KASTAT S.A. except for the shareholder TEGK S.A. (each share held will be exchanged for 4.72744 new shares).

· The company PANTECHNIKI S.A. proceeds to a company’s share capital increase by issuing 174,001,000 new common registered shares of a par value of Euro 0.30 of which: 90,070,949 new shares will be distributed to the shareholders of the acquiring company PANTECHNIKI S.A. (each share held will be exchanged for 3.74975329406132 new shares) in replacements of 24,020,500 existing common registered shares, 83,142,414 new shares will be distributed to the shareholders of the acquired company C. I. SARANTOPOULOS S.A. (each share held will be exchanged for 4.96046858779309 new shares) and 787,637 new shares will be distributed to the shareholders of the acquired company EGEOPELAGITIKI S.A. except for the shareholder PANTECHNIKI S.A. (each share held will be exchanged for 3.10337667454689 new shares).

· The company EKTER S.A. proceeds to a company’s share capital increase by issuing 2,250,000 new common registered shares of a par value of Euro 0.56 that will be distributed to the shareholders of the acquired company HEFESTOS S.A. (each share held will be exchanged for 6.25 new shares). The shareholders of the acquiring company EKTER S.A. will retain the number of shares they hold (9,000,000 million common registered shares) at a new par value of Euro 0.56.

On its session on September 5, the Board of Directors of the Athens Stock Exchange approved:

· The listing of 16,116,300 new common registered shares that resulted from the company’s share capital increase of the company EMPORIKOS DESMOS S.A. through a rights issue.

· The listing of 4,692,120 common registered shares of the company GALAXIDI AQUACULTURES S.A. that resulted from the conversion of an equal number of common bearer shares.

· The listing of 1,138,290 new bonus (827,328 common and 310,962 preferred) registered shares of the company ETMA RAYON.

The Board of Directors of the Athens Stock Exchange was notified for:

· The cancellation and de-listing of 10,908,000 own common registered shares of the company ETHNIKI REAL ESTATE S.A..

· The change of the trade name of the company GNOMON CONSTRUCTION COMPANY S.A. to EMPEDOS S.A..

Finally the Board of Directors of the Athens Stock Exchange approved:

· The incorporation of the shares of the company HALYPS BUILDING MATERIALS S.A. to the trading category ‘low liquidity’.

For further information, please contact: Mr. Dimitris Domalis, Information Manager, Athens Exchange at +30 210-3211-835 or our International IR Advisor, Mr. Nicolas Bornozis, President, Capital Link Inc, in New York on (212) 661 7566. This information can be also accessed in Athens Exchange website at www.ase.gr, and Capital Link's website at www.capitallink.com with historical company