Euroinvestment: Issue of 10mln Rights – Ex-rights on 14/10
4/10/2005 11:02
Further to our previous announcements, we wish to inform you that the publication of the Prospectus for the issue of 10,000.000 rights and their listing in the Cyprus Stock Exchange has been approved by the Securities and Exchange Commission on October 3, 2005.
The issue will be carried out pursuant to the decision of the Board of Directors dated November 8, 2004. Euroinvestment & Finance Public Ltd proceeds to the issue and allocation of 10,000,000 nil-paid rights on a pro rata basis to its shareholders. The rights will be allocated to the ratio of 2,774865 rights for every 1 share of nominal value £0.10. Each right is convertible to 1 new share of nominal value £0.10 with an exercise price of £0.25 per share.
The issued share capital amounts to £360,377.88 divided into 3,603,799 fully paid shares of nominal value £0.10 each. If all rights are exercised, 10,000,000 new shares will result and the issued share capital will increase to £1,360,377.88 divided into 13,603,779 fully paid shares of nominal value £0.10 each.
The timetable of the offer/listing in the CSE is attached.
The issue will be carried out pursuant to the decision of the Board of Directors dated November 8, 2004. Euroinvestment & Finance Public Ltd proceeds to the issue and allocation of 10,000,000 nil-paid rights on a pro rata basis to its shareholders. The rights will be allocated to the ratio of 2,774865 rights for every 1 share of nominal value £0.10. Each right is convertible to 1 new share of nominal value £0.10 with an exercise price of £0.25 per share.
The issued share capital amounts to £360,377.88 divided into 3,603,799 fully paid shares of nominal value £0.10 each. If all rights are exercised, 10,000,000 new shares will result and the issued share capital will increase to £1,360,377.88 divided into 13,603,779 fully paid shares of nominal value £0.10 each.
The timetable of the offer/listing in the CSE is attached.
