LAMDA DEVELOPMENT S.A.
Announcement for the sale of treasury shares
LAMDA Development S.A. notifies that, pursuant to its Board of Directors resolution dated 11/10/2010, intends to sell between 12/10/2010 and 22/10/2010 via Athens Exchange, 282.249 treasury shares, representing 0.64% of the Company's paid up Share Capital, at a minimum sale price equal to the nominal price of each Company share, i.e. euro 0,30 per share.
The sale of the said treasury common shares is mandated in view of the impending completion of the statutory three - year period commencing from the date they were acquired by the Company, as provided by Codified Law 2190/20 (Article 16 par.5 et seq.) prior to its amendment by law 3604/2007.
The sale of the said treasury common shares is mandated in view of the impending completion of the statutory three - year period commencing from the date they were acquired by the Company, as provided by Codified Law 2190/20 (Article 16 par.5 et seq.) prior to its amendment by law 3604/2007.