MARITIME COMPANY OF LESVOS S.A.
Share Capital Increase by cash contribution, with a pre-emption right in favour of existing shareholders
NEL LINES MARITIME COMPANY OF LESVOS S.A.
Share Capital Increase by cash contribution, with a pre-emption right in favour of existing shareholders - EX-RIGHTS DATE & TRADING PERIOD FOR PRE-EMPTION RIGHT:
EX-RIGHTS DATE OF PRE-EMPTION RIGHT: 18/3/2008
PERIOD OF EXERCISE OF PRE-EMPTION RIGHT: 27/3/2008- 11/04/2008
TRADING PERIOD OF PRE-EMPTION RIGHT: 27/3/2008 - 07/04/2008
The Board of Directors of "NEL LINES - MARITIME COMPANY OF LESVOS S.A." (the "Company") notifies its Shareholders the following:
1.As per the 2nd Repeated Extraordinary General Shareholders Meeting of the Company, which took place on 30/10/2006, the authorized Board of Directors, in its meeting of 20/12/2007, decided to increase the Company's share capital by 14.179.480,50 Euro through the issuance of 47.264.935 new common shares with a nominal value of 0,30 Euro each, by cash contribution and a pre-emption right in favour of existing shareholders.
Following the aforementioned increase, the Company's share capital shall amount to 49.628.181,60 Euro and be divided into 165.427.272 ordinary registered shares, with a nominal value of 0,30 Euro each. The overall proceeds from the issue shall amount to about 33.085.454,50 Euro.
2.The existing shareholders of the Company are entitled to participate in the Share Capital Increase with a proportion of four (4) new ordinary registered shares for ten (10) existing ordinary registered shares. The offer price of the new shares is 0,70 Euro for each New Share.
3.The Ministry of Development's decision No. K2-538 was filed with the Registry of Societes Anonymes on 11/01/2008 thereby approving the share capital increase by cash contribution and was published in the government gazette No. 320/16/01/2008.
4.The pre-emption right to the increase lies with all the holders of existing shares of the Company, who shall be registered at the Shareholders Registry of Hellenic Exchange S.A. [HELEX - (the former Central Securities Depository [C.S.D.]), after the end of clearing for transactions carried out up until the conclusion of the session of the Athens Exchange on the working day prior to the ex-rights date, i.e. on the 17th of March 2008. From 18/03/2008, the Company's existing shares shall be traded on the Athens Exchange without a right to participate in the share capital increase by cash contribution. From that same date, 18/03/2008, the starting price of Company shares on the Athens Exchange shall be formed pursuant to the Athens Exchange Board of Directors decision 37/8.7.04, in conjunction with the Hellenic Capital Market Commission?s decision no. 291/22.1.2004, as amended with decisions 2/319/9.12.2004 and 8/336/21.4.2005.
5.The period to exercise the pre-emption right is hereby set to be from 27/03/2008 to 11/04/2008. The commencement of the trading period for the rights on the Athens Exchange on-line transactions system coincides with the commencement of the period to exercise these rights. It is pointed out that rights trading shall not be possible on the last four (4) working days prior to the expiration of the period to exercise these rights. The conclusion of the session on 07/04/2008 is determined as the date of expiration of trading for these rights in the on-line transaction system of the Athens Exchange. Pre-emption rights for the acquisition of New Shares are transferable and shall be tradable on the Athens Exchange. These rights will have been credited to the Investor Account of each holder at the Dematerialized Securities System (D.S.S.), on the day of the commencement of their trading. The pre-emption rights not exercised until the expiration of the exercise period (i.e. until 11/04/2008 inclusively) shall not be valid.
6.The exercise of the pre-emption right shall be performed on working days and hours through the whole network of branches of the Bank 'NATIONAL BANK OF GREECE S.A.'. Shareholders, who wish to exercise their pre-emption rights, must produce their identity card, their Tax Registration Number, a printout of the D.S.S ., as well as the relevant Certificate of Undertaking of Rights which must be requested by the operator of their securities account (or "HELEX." (former "CSD") if their shares are registered in the Special account in the D.S.S .). It is further noted that the holders of pre-emption rights, during the exercise of their rights, should also state: a) their investor account record number in D.S.S , b) their securities account number in D.S.S , and c) the authorized operator of the securities account to which they wish to have their shares registered.
7.Upon registration, during the exercise of the pre-emption rights, shareholders will have to directly deposit the value of the new shares (euro 0,70 per share) for which they are subscribing in the designated account, which the Company has already opened with the aforementioned Bank for this purpose. After exercising their pre-emption rights, the persons thus registered shall receive a relevant receipt, which does not constitute a provisionary title, and may not be traded on the Athens Exchange.
8.Shareholders will have a right to subscribe for more shares which will not however exceed the double number of shares that they are entitled to from their subscription.
9.In the event that existing shareholders do not fully subscribe to the share capital increase (exercise of pre-emptive right) any unsold shares will be allocated by the Board of Directors. Should the increase of the share capital still not be covered in full, the share capital shall be increased up to the amount covered pursuant to article 13a of Law 2190/1920.
10.Only whole shares shall be issued.
11.The new shares which will result from the aforementioned increase shall have the right to a dividend for fiscal year 2007, if dividends are distributed.
12.The prospectus for the Company's share capital increase, as it was approved by the Board of Directors of the Hellenic Capital Market Commission on 07.03.2008, is available from 07.03.2008 in electronic form on the Athens Exchange S.A. website (www.athex.), on the company's website (www.nel.gr) and on the EUROCORP website (www.eurocorp.gr) The Prospectus will also be available in written form (Hard Copy) in our company's offices (El. Venizelou 5, Mytilene and Akti Miaouli 25, Piraeus), in our Underwriter's offices, EUROCORP (Philikis Etaireias Square 14, Athens), in NATIONAL BANK OF GREECE branches and in the Athens Stock Exchange (Athinon Avenue 110, Athens) from 07.03.2008.
13.The date of commencement of the trading of the New Shares in the Athens Exchange, after the completion of the increase of the share capital, shall be decided be the Board of Directors and shall be notified by separate announcement.
14.Should the increase of the share capital not be covered in full, the share capital shall be increased up to the amount covered pursuant to article 13a of Law 2190/1920.
15.For more information, Shareholders are kindly requested to address the Company's Shareholders Helpdesk (Tel.: 210 41 18 121).
Share Capital Increase by cash contribution, with a pre-emption right in favour of existing shareholders - EX-RIGHTS DATE & TRADING PERIOD FOR PRE-EMPTION RIGHT:
EX-RIGHTS DATE OF PRE-EMPTION RIGHT: 18/3/2008
PERIOD OF EXERCISE OF PRE-EMPTION RIGHT: 27/3/2008- 11/04/2008
TRADING PERIOD OF PRE-EMPTION RIGHT: 27/3/2008 - 07/04/2008
The Board of Directors of "NEL LINES - MARITIME COMPANY OF LESVOS S.A." (the "Company") notifies its Shareholders the following:
1.As per the 2nd Repeated Extraordinary General Shareholders Meeting of the Company, which took place on 30/10/2006, the authorized Board of Directors, in its meeting of 20/12/2007, decided to increase the Company's share capital by 14.179.480,50 Euro through the issuance of 47.264.935 new common shares with a nominal value of 0,30 Euro each, by cash contribution and a pre-emption right in favour of existing shareholders.
Following the aforementioned increase, the Company's share capital shall amount to 49.628.181,60 Euro and be divided into 165.427.272 ordinary registered shares, with a nominal value of 0,30 Euro each. The overall proceeds from the issue shall amount to about 33.085.454,50 Euro.
2.The existing shareholders of the Company are entitled to participate in the Share Capital Increase with a proportion of four (4) new ordinary registered shares for ten (10) existing ordinary registered shares. The offer price of the new shares is 0,70 Euro for each New Share.
3.The Ministry of Development's decision No. K2-538 was filed with the Registry of Societes Anonymes on 11/01/2008 thereby approving the share capital increase by cash contribution and was published in the government gazette No. 320/16/01/2008.
4.The pre-emption right to the increase lies with all the holders of existing shares of the Company, who shall be registered at the Shareholders Registry of Hellenic Exchange S.A. [HELEX - (the former Central Securities Depository [C.S.D.]), after the end of clearing for transactions carried out up until the conclusion of the session of the Athens Exchange on the working day prior to the ex-rights date, i.e. on the 17th of March 2008. From 18/03/2008, the Company's existing shares shall be traded on the Athens Exchange without a right to participate in the share capital increase by cash contribution. From that same date, 18/03/2008, the starting price of Company shares on the Athens Exchange shall be formed pursuant to the Athens Exchange Board of Directors decision 37/8.7.04, in conjunction with the Hellenic Capital Market Commission?s decision no. 291/22.1.2004, as amended with decisions 2/319/9.12.2004 and 8/336/21.4.2005.
5.The period to exercise the pre-emption right is hereby set to be from 27/03/2008 to 11/04/2008. The commencement of the trading period for the rights on the Athens Exchange on-line transactions system coincides with the commencement of the period to exercise these rights. It is pointed out that rights trading shall not be possible on the last four (4) working days prior to the expiration of the period to exercise these rights. The conclusion of the session on 07/04/2008 is determined as the date of expiration of trading for these rights in the on-line transaction system of the Athens Exchange. Pre-emption rights for the acquisition of New Shares are transferable and shall be tradable on the Athens Exchange. These rights will have been credited to the Investor Account of each holder at the Dematerialized Securities System (D.S.S.), on the day of the commencement of their trading. The pre-emption rights not exercised until the expiration of the exercise period (i.e. until 11/04/2008 inclusively) shall not be valid.
6.The exercise of the pre-emption right shall be performed on working days and hours through the whole network of branches of the Bank 'NATIONAL BANK OF GREECE S.A.'. Shareholders, who wish to exercise their pre-emption rights, must produce their identity card, their Tax Registration Number, a printout of the D.S.S ., as well as the relevant Certificate of Undertaking of Rights which must be requested by the operator of their securities account (or "HELEX." (former "CSD") if their shares are registered in the Special account in the D.S.S .). It is further noted that the holders of pre-emption rights, during the exercise of their rights, should also state: a) their investor account record number in D.S.S , b) their securities account number in D.S.S , and c) the authorized operator of the securities account to which they wish to have their shares registered.
7.Upon registration, during the exercise of the pre-emption rights, shareholders will have to directly deposit the value of the new shares (euro 0,70 per share) for which they are subscribing in the designated account, which the Company has already opened with the aforementioned Bank for this purpose. After exercising their pre-emption rights, the persons thus registered shall receive a relevant receipt, which does not constitute a provisionary title, and may not be traded on the Athens Exchange.
8.Shareholders will have a right to subscribe for more shares which will not however exceed the double number of shares that they are entitled to from their subscription.
9.In the event that existing shareholders do not fully subscribe to the share capital increase (exercise of pre-emptive right) any unsold shares will be allocated by the Board of Directors. Should the increase of the share capital still not be covered in full, the share capital shall be increased up to the amount covered pursuant to article 13a of Law 2190/1920.
10.Only whole shares shall be issued.
11.The new shares which will result from the aforementioned increase shall have the right to a dividend for fiscal year 2007, if dividends are distributed.
12.The prospectus for the Company's share capital increase, as it was approved by the Board of Directors of the Hellenic Capital Market Commission on 07.03.2008, is available from 07.03.2008 in electronic form on the Athens Exchange S.A. website (www.athex.), on the company's website (www.nel.gr) and on the EUROCORP website (www.eurocorp.gr) The Prospectus will also be available in written form (Hard Copy) in our company's offices (El. Venizelou 5, Mytilene and Akti Miaouli 25, Piraeus), in our Underwriter's offices, EUROCORP (Philikis Etaireias Square 14, Athens), in NATIONAL BANK OF GREECE branches and in the Athens Stock Exchange (Athinon Avenue 110, Athens) from 07.03.2008.
13.The date of commencement of the trading of the New Shares in the Athens Exchange, after the completion of the increase of the share capital, shall be decided be the Board of Directors and shall be notified by separate announcement.
14.Should the increase of the share capital not be covered in full, the share capital shall be increased up to the amount covered pursuant to article 13a of Law 2190/1920.
15.For more information, Shareholders are kindly requested to address the Company's Shareholders Helpdesk (Tel.: 210 41 18 121).