The Company announces in accordance with the Regulation (EU) under no 809/2004 of the European Commission, dated 29 April 2004 and the Law 3401/2005 that the Prospectus approved by the Capital Market Commission (CMC) with regard to the company's share capital increase by Euro 25.265.558,20 through cash payment and a pre-emptive right in favour of its existing shareholders at a ratio of 5 new to 4 existing shares, resolved by the Shareholders' Extraordinary General Meeting held on 17.3.2006, will be available to the public investors from Tuesday, the 25th of April 2006. A total of 21.411.490 new registered shares will be issued, each with a nominal value of Euro1.18 and an offer price of Euro5.60, while a total amount of Euro119,904,344 (21,411,490 Euro 5.60) is expected to be raised.
The estimated schedule of the share capital increase reads as follows:
18/4/2006: Prospectus Approval by CMC
25/4/2006: Prospectus Publication
26/4/2006: Publication of the announcement on the availability of the Prospectus to investors
28/4/2006: Publication of the announcement of the ex rights date and the subscription period
2/5/2006: Ex-Rights date
8/5/2006: Pre-emptive rights credited to investors? accounts
8/5/2006: Commencement of trading of pre-emptive right and commencement of subscription period
16/5/2006: End of pre-emptive rights trading
22/5/2006: Termination of subscription period
24/5/2006: Announcement on capital increase coverage and allocation of any non disposed shares
29/5/2006: Commencement of trading of new shares from the share capital increase
It should be noted that the above schedule is subject to several variable factors and may be amended. As regards the share capital increase procedure and the corresponding implementation schedule, the required announcements will be issued for investors according to the relevant legislation. For the shares to be issued an application for admission to trading will be filed to the ATHEX. Admission and trading of the new shares on the ATHEX will be subject to approval of the Company's application by the ATHEX Board of Directors.
The said Prospectus will be published from Tuesday, the 25th of April 2006 on the website of the company http://www.forthnet.gr/media/Company/prospectus2006 as well as on the website of ATHEX http://www.ase.gr. It will be also available in hard copy at the Company' s central offices, at Atthidon street 4, 17671 Kallithea, from Tuesday the 25th of April 2006 till the termination date of the subscription period.