A. Panayides Contracting Ltd. announced that its initial public offering of shares will take place between the 10 to 12 April 2002. The issued and fully paid up capital of the company is CYP 6.974.375 divided into 34.871.875 shares of 20 cents nominal value each.
1.700.000 shares of 20 cents nominal value at the issue price of 45 cents each will be issued and offered to the public. 5.224.554 bonus warrants 2002/2004 will be offered to existing shareholders and to shareholders who will acquire shares based on the present issue, to the ratio of 1 warrant for every 7 shares held. Warrants will be exercisable at the price of 60 cents between 18-29 November 2002, 17-28 November 2003 and 15-26 November 2004.
Plan A: 1 million shares options with their exercise period beginning from the date of their allotment until their expiry date, 31 December 2006, to employees of the company and other companies which may in the future belong to the company, including executive directors.
Plan B: 2 million share options, their exercise period beginning from the date of their allotment until their expiry, 31 December 2006, to shareholders, managers, personnel of a company/ies and/or businesses associated from time to time with/or which the company may acquire.
Board members of the company are Stavros Theodosiou, Maria Panayidou, Charilaos Panayides, Dr. Charalambos Papageorgiou and Demetris Kouvaros. Isssue Managers are Lefkoniko Chrimatistiriaki Ltd. and Laiki Chrimatistiriaki Ltd.
1.700.000 shares of 20 cents nominal value at the issue price of 45 cents each will be issued and offered to the public. 5.224.554 bonus warrants 2002/2004 will be offered to existing shareholders and to shareholders who will acquire shares based on the present issue, to the ratio of 1 warrant for every 7 shares held. Warrants will be exercisable at the price of 60 cents between 18-29 November 2002, 17-28 November 2003 and 15-26 November 2004.
Plan A: 1 million shares options with their exercise period beginning from the date of their allotment until their expiry date, 31 December 2006, to employees of the company and other companies which may in the future belong to the company, including executive directors.
Plan B: 2 million share options, their exercise period beginning from the date of their allotment until their expiry, 31 December 2006, to shareholders, managers, personnel of a company/ies and/or businesses associated from time to time with/or which the company may acquire.
Board members of the company are Stavros Theodosiou, Maria Panayidou, Charilaos Panayides, Dr. Charalambos Papageorgiou and Demetris Kouvaros. Isssue Managers are Lefkoniko Chrimatistiriaki Ltd. and Laiki Chrimatistiriaki Ltd.
3287.99
1275.09
