1st Apr 2008 11:10
Hellenic Telecomms Organization S A01 April 2008 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. ANNOUNCEMENT Athens, April 1, 2008 - Hellenic Telecommunications Organization SA (ASE: HTO,NYSE: OTE), the Greek full-service telecommunications provider, in accordancewith the Law 3461/2006 (Article 27) and in conjunction with the Decision 7/466/7.3.2008 of the Board of Directors of the Hellenic Capital Market Commissionannounces that OTE SA is obliged to acquire the remaining shares of COSMOTE SAwhich have not been purchased by OTE SA by March 31, 2008 (final trading date). OTE SA will pay €26.25 per share and the respective amounts will be deposited,on behalf of the beneficiaries, in: a) Beneficiaries' brokerage accounts, under the condition that the beneficiaries have provided the brokerage accounts operators with the required authorization. b) The Deposit and Loans Fund, in the name of the beneficiaries, in case they have not provided the brokerage accounts operators with the required authorization. About OTE OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in Southeastern Europe, providing top-quality products andservices to its customers. Apart from serving as a full service telecommunications group in the Greektelecoms market, OTE Group has also expanded during the last decade itsgeographical footprint throughout South East Europe, acquiring stakes in theincumbent telecommunications companies of Romania and Serbia, and establishingmobile operations in Albania, Bulgaria, the Former Yugoslav Republic ofMacedonia and Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions ranges from fixed and mobile telephony to Internet applications,satellite, maritime communications and consultancy services. Listed on the Athens Stock Exchange, the company trades under the ticker HTO aswell as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE'sAmerican Depository Receipts (ADR's) represents 1/2 ordinary share. AdditionalInformation is also available on http://www.ote.gr. Contacts: OTE: Dimitris Tzelepis- Head of Investor RelationsTel: +30 210 611 1574, Email: [email protected] Nektarios Papagiannakopoulos - Senior financial analyst, Investor RelationsTel: +30 210 611 7593, Email: [email protected] Daria Kozanoglou - Communications Officer, Investor RelationsTel: +30 210 611 1121, Email: [email protected] Christina Hadjigeorgiou - Financial AnalystTel: +30 210 611 1428, Email: [email protected] Forward-looking statement Any statements contained in this document that are not historical facts areforward-looking statements as defined in the U.S. Private Securities LitigationReform Act of 1995. All forward-looking statements are subject to various risksand uncertainties that could cause actual results to differ materially fromexpectations. The factors that could affect the Company's future financialresults are discussed more fully in the Company's filings with the U.S.Securities and Exchange Commission (the "SEC"), including the Company's AnnualReport on Form 20-F for 2006 filed with the SEC on June 28, 2007. OTE assumes noobligation to update information in this release. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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