ANNOUNCEMENT
OFFER OF COMPANY SHARES TO COMPANY AND GROUP SENIOR EXECUTIVES IN THE FRAMEWORK OF IMPLEMENTING ITS STOCK OPTION PLAN
GR. SARANTIS S.A. (the Company), in the framework of implementing the Stock Option Plan that has been introduced for the senior executives of the Company and other companies of the Sarantis Group in the sense of article 42e of Codified Law 2190/1920 (the Plan) and has been approved by the General Meeting of Shareholders of 18.07.2001 and modified by subsequent General Meetings, including the Repeated General Shareholders Meeting of 03/07/2007, hereby informs the public of the following:
- Company and Group executives who are entitled to stock options on the basis of the above Stock Option Plan are invited to declare in writing to the Company, from 5 to 15 December 2007, their intention to exercise their relevant rights in full or in part.
- This offer is addressed to 18 senior Company and Group executives, who were granted non-transferable stock options in 2004 and 2007, which matured in December 2007. Beneficiaries include three members of the Company’s Board of Directors.
- The offer concerns 195.000 new registered shares of the Company, the selling price of which has, in accordance with the plan, been set to be equal to 4 (four) Euros per share.
- Following the submission of their written declarations for the exercise of their rights, the beneficiaries must pay the amount corresponding to the rights exercised by them by 15/12/2007.
- Thereafter, depending on the number of exercised rights and the timely payment on the part of the beneficiaries of the corresponding amount, the Company Board of Directors shall, at its meeting, increase the Company share capital, without amendment of its Articles of Association, pursuant to article 13(9) of Codified Law 2190/1920, and issue new registered shares. Subsequently, the Board of Directors shall take all legal actions, in accordance with the law in force, in order for the shares corresponding to the exercised rights to be listed for trading on the Athens Stock Exchange.
- The fully paid up share capital of the Company currently amounts to euro 58,746,287.60 and is divided into 38,146,940 common registered shares with a nominal value of Euro 1.54 each.
Contact
SARANTIS Group
26, Amaroussiou - Halandriou Street
151 25 Maroussi, Athens, Greece
Tel: +30 210 6173000
Fax: +30 210 6197081
e-mail: group-info@sarantisgroup.com
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