30/11/2013
Forthnet S.A.
According to paragraph 4.1.4.4 of the ASE Rulebook, the shares of Forthnet S.A., by 24.11.2011 resolution of the B.o.D of ASE, were transferred to the “Under Surveillance Segment”, for the reasons previously announced by Forthnet.
Following prior announcements, Forthnet informs the investing public that, taking into consideration the general macroeconomic situation and with an aim to remove the categorization its shares from ‘Under Surveillance', has committed itself in undertaking all steps necessary towards enhancing operational profitability, liquidity and reducing the effects of the impairment of goodwill on the Group's accounting results, while efforts to reduce costs still continue.
Regarding to the share capital increase resolved by the latest Extraordinary General Meeting of shareholders of the company, the Hellenic Capital Markets Commission approved the Prospectus on 29th November, 2013, and the share capital increase proceeds within the framework and time limits set by the law.