CENTRIC MULTIMEDIA S.A. announces that following the decision of the Extraordinary General Meeting of the Shareholders dated 27/07/2007, which approved the acquisition of own shares in accordance with article 16 par. 5 and following of C.L.2190/1920, the Board of Directors decided at its meeting of 22/01/2008 the following:
During the period 23/01/2008 to 23/04/2008 the Company intends to purchase own shares, at a maximum acquisition price of 4.50 euros per share and a minimum acquisition price of 1.00 euros per share. The maximum number of own shares to be acquired during the above-mentioned period will not exceed the 3.6% of the total share capital, that is 750,000 shares.
The Company will conform to article 5 of the Committee Regulation 2273/2003 in relation to the price and the volume of the purchases, thus to article 6 par.1 of the same Regulation.
Following the decision of the Extraordinary General Meeting of the Shareholders dated 27/07/2007, the Company can purchase during the period of a year (that is from 28/07/2007 to 28/07/2008) own shares that corresponds to a maximum of 10% of the total share capital, that is 2,067,684 shares, at a maximum acquisition price of 4.50 euros per share and a minimum acquisition price of 1.00 euros per share.