Euroinvestment: 3.34 Rights exercised – Allocation of unexercised rights – Capital increase
Further to our previous announcements with regard to the issue of 10,000,000 Rights of Euroinvestment & Finance Public Limited, we wish to inform you that at the expiry of the exercise period and after the receipt of the relevant certification by the Head of Receipt, 3,344,288 Rights were exercised and the amount of £836,072(£0.25 per right) has been received. Each exercised right is convertible into 1 share of nominal value £0.10. The Allocation Letter will be posted to the shareholders on the same day. The trading of new shares in the CSE is expected to start on January 2, 2006.
With reference to the unexercised rights, which stand at 6,655,712, the Board of Directors - powered by Article 4 of the Memorandum to allocate the shares resulting from the unexercised rights in the best possible way –decided that the 6,655,712 shares resulting from the unexercised rights be allocated to Piraeus Bank SA against £0.25 each, that is £1,663,928. Piraeus Bank SA announced that it will accept it.
With the registration of all new shares in the Company’s share register, the issued share capital will increase from 3,603,779 shares of nominal value £0.10 each before the rights exercise to 13,603,779 shares of nominal value £0.10 each. The stake in the name of Piraeus Bank SA will increase from 46.15% before the exercise of rights to 85.37%. Please note the declaration of Piraeus Bank SA that of the above stakes, 13.21% before the exercise of rights and 3.5% after the exercise, are held by the Bank on behalf of Europrofit Capital Investors Limited, as holder of the corresponding shares.
With reference to the unexercised rights, which stand at 6,655,712, the Board of Directors - powered by Article 4 of the Memorandum to allocate the shares resulting from the unexercised rights in the best possible way –decided that the 6,655,712 shares resulting from the unexercised rights be allocated to Piraeus Bank SA against £0.25 each, that is £1,663,928. Piraeus Bank SA announced that it will accept it.
With the registration of all new shares in the Company’s share register, the issued share capital will increase from 3,603,779 shares of nominal value £0.10 each before the rights exercise to 13,603,779 shares of nominal value £0.10 each. The stake in the name of Piraeus Bank SA will increase from 46.15% before the exercise of rights to 85.37%. Please note the declaration of Piraeus Bank SA that of the above stakes, 13.21% before the exercise of rights and 3.5% after the exercise, are held by the Bank on behalf of Europrofit Capital Investors Limited, as holder of the corresponding shares.
