MIG HOLDINGS S.A.
Conversion Process of Bonds into Shares
According to the terms of the Convertible Bond Loan issued on 19.3.2010, as determined by the Board of Directors at its meeting of 13.10.2009, and pursuant to article 3a in conjunction with article 13 of codified law 2190/1920, and article 1 of law 3156/2003 and article 5 para. 2 of the Company's Articles, as amended by decision dated 9.6.2009 of the 1st Reiterative Ordinary General Meeting ("CBL"), as published in the relevant Prospectus dated 8.2.2010, Bondholders may request conversion of their bonds into Shares of the Company after the lapse of three (3) months from the Issue Date (the "Conversion Date") and at three-month intervals after that date until maturity of the CBL. The conversion process of bonds into shares is the following:
1. No later than three (3) business days prior to each Conversion Date, in respect of the Bonds registered in their Securities Account, Bondholders shall file with their Account Operator at DSS an application for blocking the bonds they wish to have converted into shares, as well as an application for issuance of the relevant Certificate.
As operators are considered ATHEX members and Banks-Custodians. In respect of Bonds registered in the Special Investor's Account, Bondholders shall apply to HELEX to block their bonds and issue the relevant Certificate. Conversion applications will be valid and acceptable only for integer numbers of Bonds.
2. Until the Conversion Date at the latest, a Bondholder must appear (in person or through his Operator) at the Company's Shareholder Service (141 Papadiamantopoulou Street, Ampelokipi) between 10:00 and 16:00 hours, presenting his identification card, in order to submit to the Company a written statement regarding exercise of his right to have his Bonds converted into shares, together with the original Certificate of blockage of his Bonds and a print-out of his details in DSS. The above Certificate should include details of the beneficiary of the Bonds and the number of Bonds for which the conversion right is exercised.
According to the CBL Terms as in force from time to time, in case of conversion of Bonds into Issuer's shares interest is payable in respect of the period from the last Interest Accrual Period prior to the Conversion Date until the Conversion Date, while an amount equal to the total nominal value of converted Bonds is considered as paid. In case of conversion of Bonds into Issuer's shares, their repayment is calculated on the Issue Price.
Where there are fractional rights on Shares as a result of the application of the Conversion Ratio, the Bondholder will receive an integer number of shares and any fractions will be omitted. Instead of the fractional rights, Bondholders will receive the nominal value of the respective part of the converted Bond.
For any clarifications or information, Messrs. Shareholders may refer during business days and hours at the Company's Shareholder Service (Mrs. Spanaki - Mr. Sgagias, tel. 210 77 10 053, 210 77 10 383).
1. No later than three (3) business days prior to each Conversion Date, in respect of the Bonds registered in their Securities Account, Bondholders shall file with their Account Operator at DSS an application for blocking the bonds they wish to have converted into shares, as well as an application for issuance of the relevant Certificate.
As operators are considered ATHEX members and Banks-Custodians. In respect of Bonds registered in the Special Investor's Account, Bondholders shall apply to HELEX to block their bonds and issue the relevant Certificate. Conversion applications will be valid and acceptable only for integer numbers of Bonds.
2. Until the Conversion Date at the latest, a Bondholder must appear (in person or through his Operator) at the Company's Shareholder Service (141 Papadiamantopoulou Street, Ampelokipi) between 10:00 and 16:00 hours, presenting his identification card, in order to submit to the Company a written statement regarding exercise of his right to have his Bonds converted into shares, together with the original Certificate of blockage of his Bonds and a print-out of his details in DSS. The above Certificate should include details of the beneficiary of the Bonds and the number of Bonds for which the conversion right is exercised.
According to the CBL Terms as in force from time to time, in case of conversion of Bonds into Issuer's shares interest is payable in respect of the period from the last Interest Accrual Period prior to the Conversion Date until the Conversion Date, while an amount equal to the total nominal value of converted Bonds is considered as paid. In case of conversion of Bonds into Issuer's shares, their repayment is calculated on the Issue Price.
Where there are fractional rights on Shares as a result of the application of the Conversion Ratio, the Bondholder will receive an integer number of shares and any fractions will be omitted. Instead of the fractional rights, Bondholders will receive the nominal value of the respective part of the converted Bond.
For any clarifications or information, Messrs. Shareholders may refer during business days and hours at the Company's Shareholder Service (Mrs. Spanaki - Mr. Sgagias, tel. 210 77 10 053, 210 77 10 383).