MARITIME COMPANY OF LESVOS S.A.
Invitation to the NEL LINES S.A. Shareholders
for the Extraordinary General Meeting of 12.05.2008
In compliance with our company's Board of Directors resolution on 17/04/2008 and in accordance with the legal regulations and the Articles of Incorporation, NEL LINES' shareholders are invited to the Extraordinary General Meeting on 12/05/2008, at 10:30 a.m., on our company's vessel which will be in the port of Mytilene.
AGENDA:
1. Modification of the Article No 5 of the Articles of Incorporation, in compliance with the article 13 par 9 of the Law 2190/1920, as a result of the company's share capital increase, which the Board of Directors decided on 1128/17-12-2007 due to the Stock Option Plan.
2. Modification of the Article No 5 of the Articles of Incorporation, as a result of the company's share capital increase, which the Board of Directors decided on 20-12-2007, due to partial coverage of share capital increase.
3. Modification of the Article No 6 of the Articles of Incorporation, in order to assign Board of Directors to issue convertible bonds.
4. Modification of the Article No 34 of the Articles of Incorporation.
5. Assign the Board of Directors to issue a convertible bond, in accordance with the articles 3a and 13 of the Law 2190/1920.
6. Issuance of convertible bond amounted to twenty million euros under restriction or cancellation of the option right.
7. Modification of the obtained funds disposal, due to share capital increase partial coverage.
8. Company's Articles of Incorporation adaptation to the Law 3604/2007.
9. Modification of the Articles of Incorporation, allowing the Board of Directors to proceed meetings via telephone, in accordance with the article 20 par. 3a of the Law 2190/1920.
10. Modification of the Articles of Incorporation, by giving the Board of Directors the opportunity to proceed the General Meetings via telephone, in compliance with the article 28 par. 6 of the Law 2190/1920.
11. Modification of the Articles of Incorporation, giving the opportunity to vote from distance during the General Meetings, in compliance with the article 28 par. 7 of the Law 2190/1920.
12. General approvals ? announcements.
In accordance with the company's Articles of Incorporation and the legal regulations, shareholders that wish to attend the Extraordinary General Meeting must submit to NEL LINES? central office (El. Venizelou, Mytilene) at least five days before the date of the General Meeting the following documentation:
? Shareholders that have dematerialized their shares in the Dematerialized Securities System (D.S.S.) must receive a certificate of engagement of their shares from the Central Securities Depository and submit it to the NEL LINES' central office.
? Shareholders that have not dematerialized their shares but they are registered in the special account of D.S.S., must receive a certificate of engagement of their shares from the Central Securities Depository and submit it with any other representing documentation to the NEL LINES? central office.
? Shareholders that have not dematerialized their shares must submit their shares in the Company's Cashier or in the Deposits and Loans Fund or in any Banking Institution, located in Greece, and submit the documentation with any other representing documentation to the NEL LINES' central office.
In accordance with the company's Articles of Incorporation and the legal regulations, Board of Directors decided that in case there is not quorum in the aforementioned General Meeting on 12/05/2008, a Repeated Extaordinary General Meeting will follow on 23/05/2008 at 10:30 a.m. These both Repeated Extraordinary General Meetings will be on our company's vessel, which will be in the port of Mytilene.
Shareholders that wish to participate in the Meeting, in order to participate in the Repeated Meetings, must maintain their shares engaged. Furthermore, Shareholders that will not participate in the Extraordinary General Meeting on 12/05/2008, may engage their shares so as to participate in the following repeated General Meetings in case these occur.
AGENDA:
1. Modification of the Article No 5 of the Articles of Incorporation, in compliance with the article 13 par 9 of the Law 2190/1920, as a result of the company's share capital increase, which the Board of Directors decided on 1128/17-12-2007 due to the Stock Option Plan.
2. Modification of the Article No 5 of the Articles of Incorporation, as a result of the company's share capital increase, which the Board of Directors decided on 20-12-2007, due to partial coverage of share capital increase.
3. Modification of the Article No 6 of the Articles of Incorporation, in order to assign Board of Directors to issue convertible bonds.
4. Modification of the Article No 34 of the Articles of Incorporation.
5. Assign the Board of Directors to issue a convertible bond, in accordance with the articles 3a and 13 of the Law 2190/1920.
6. Issuance of convertible bond amounted to twenty million euros under restriction or cancellation of the option right.
7. Modification of the obtained funds disposal, due to share capital increase partial coverage.
8. Company's Articles of Incorporation adaptation to the Law 3604/2007.
9. Modification of the Articles of Incorporation, allowing the Board of Directors to proceed meetings via telephone, in accordance with the article 20 par. 3a of the Law 2190/1920.
10. Modification of the Articles of Incorporation, by giving the Board of Directors the opportunity to proceed the General Meetings via telephone, in compliance with the article 28 par. 6 of the Law 2190/1920.
11. Modification of the Articles of Incorporation, giving the opportunity to vote from distance during the General Meetings, in compliance with the article 28 par. 7 of the Law 2190/1920.
12. General approvals ? announcements.
In accordance with the company's Articles of Incorporation and the legal regulations, shareholders that wish to attend the Extraordinary General Meeting must submit to NEL LINES? central office (El. Venizelou, Mytilene) at least five days before the date of the General Meeting the following documentation:
? Shareholders that have dematerialized their shares in the Dematerialized Securities System (D.S.S.) must receive a certificate of engagement of their shares from the Central Securities Depository and submit it to the NEL LINES' central office.
? Shareholders that have not dematerialized their shares but they are registered in the special account of D.S.S., must receive a certificate of engagement of their shares from the Central Securities Depository and submit it with any other representing documentation to the NEL LINES? central office.
? Shareholders that have not dematerialized their shares must submit their shares in the Company's Cashier or in the Deposits and Loans Fund or in any Banking Institution, located in Greece, and submit the documentation with any other representing documentation to the NEL LINES' central office.
In accordance with the company's Articles of Incorporation and the legal regulations, Board of Directors decided that in case there is not quorum in the aforementioned General Meeting on 12/05/2008, a Repeated Extaordinary General Meeting will follow on 23/05/2008 at 10:30 a.m. These both Repeated Extraordinary General Meetings will be on our company's vessel, which will be in the port of Mytilene.
Shareholders that wish to participate in the Meeting, in order to participate in the Repeated Meetings, must maintain their shares engaged. Furthermore, Shareholders that will not participate in the Extraordinary General Meeting on 12/05/2008, may engage their shares so as to participate in the following repeated General Meetings in case these occur.