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IC Supplement Announcement

28th Dec 2007 14:47

Hellenic Telecomms Organization S A28 December 2007 ANNOUNCEMENT APPROVAL OF THE SUPPLEMENT TO THE TENDER OFFER INFORMATION CIRCULAR 1. "HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A." (the "Offeror" or "OTE")announces that, on Thursday, 27 December 2007, the Board of Directors of theHellenic Capital Market Commission (the "CMC") approved the supplement (the"Supplement" information circular of OTE (the "Information Circular"), relatingto the voluntary tender offer that the Offeror has submitted on 9 November 2007(the "Tender Offer"), in accordance with the provisions of Law 3461/2006 (the"Law"), to acquire all common registered shares of the societe anonyme under thename "COSMOTE - MOBILE TELECOMMUNICATIONS S.A.", (the "Company" or "COSMOTE"). 2. The Information Circular was approved by the Board of Directors of the CMC on29 November 2007 and published on 4 December 2007, in accordance with the Law.Moreover, the acceptance period of the Tender Offer started on Tuesday, 4December 2007, at 8.00 am (Greek time) and ends on Tuesday, 29 January 2008, at14:30 pm (Greek time) (the "Acceptance Period"). 3. The preparation of the Supplement was necessary due to a change in themaximum number of the new Shares which may be issued in December 2007, namelywithin the Acceptance Period, as a result of the exercise of stock options byexecutives of COSMOTE's group, as more particularly set out in the Company'srelevant announcement published on 11 December 2007, namely after the date onwhich the Information Circular was approved and published. Specifically, theabove maximum number of new Shares is increased by 13,500 Shares and is now1,178,570 instead of 1,165,070 Shares referred to in the definition of the term"New Shares" set out in the Information Circular. It is reminded that the TenderOffer also relates to the acquisition of the said "New Shares", provided theyare issued and admitted to trading on the Athens Exchange until the end of theAcceptance Period. 4. The process for accepting the Tender Offer is described in detail in section4 of the Information Circular. 5. As of Thursday, 3 January 2008, copies of the Supplement will be available(a) in printed form in all branches of the National Bank in Greece and theoffices of OTE, and (b) in electronic form in OTE's web site (www.ote.gr), theweb site of Merrill Lynch International Limited which acts as the adviser of theOfferor (www.ml.com/ote), the ATHEX's web site (www.ase.gr) and the web site ofthe Securities and Exchange Commission (www.sec.gov.), after OTE furnishes it aspart of Form 6-K. 6. It is reminded that the Company's shareholders may receive copies of theInformation Circular, the relevant "Declaration of Acceptance" and informationas to the overall process for accepting the Tender Offer from any branch of theNational Bank in Greece throughout the Acceptance Period. Moreover, informationabout the process for accepting the Tender Offer are being provided throughoutthe Acceptance Period by the telephone at the following telephone numbers of theNational Bank during normal business days and hours: +30 210 3349697 and +30 2103349665. Finally, the Information Circular is also available (a) in printed format the offices of OTE, and (b) in electronic form in OTE's web site(www.ote.gr), the web site of Merrill Lynch International Limited (www.ml.com/ote), the ATHEX's web site (www.ase.gr) and the web site of the Securities andExchange Commission (www.sec.gov.), IMPORTANT NOTICES 1. The Tender Offer is addressed to the Company's shareholders and only topersons to whom it may be lawfully addressed. The making of the Tender Offer tospecific persons who are residents in, nationals or citizens of jurisdictionsoutside the Hellenic Republic or to custodians, nominees or trustees of suchpersons (the "Foreign Shareholders") may be made in accordance with the laws ofthe relevant jurisdiction, with the exception of the jurisdictions within which,under its laws, rules and regulations, the submission, the making or thepresentation of the Tender Offer or the mailing/distribution of thisannouncement, the Information Circular, the Supplement and any other document ormaterial relevant thereto (together the "Tender Offer Documents") is illegal orinfringes any applicable legislation, rule or regulation (the "ExcludedJurisdictions"). 2. More specifically, the Tender Offer is not being made, directly orindirectly, by mail or by any means in or into the Excluded Jurisdictions.Accordingly, copies of any Tender Offer Document will not be, and must not be,directly or indirectly, mailed, distributed or otherwise sent to in anyone orfrom no one in or into or from any Excluded Jurisdiction. 3. No person receiving a copy of any Tender Offer Document in any jurisdictionoutside the Hellenic Republic may treat them in same way as if they constituteda solicitation or offer to such person and under no circumstances such personmay use the Declaration of Acceptance if, in the relevant jurisdiction, suchsolicitation or offer may not be lawfully made to such person or if such TenderOffer Document may not be lawfully used without breaching any legalrequirements. In those instances, any such Tender Offer Document is sent forinformation purposes only. 5. It is the responsibility of each Accepting Shareholder wishing to accept theTender Offer to inform himself of and ensure compliance with the laws of hisjurisdiction in relation to the Tender Offer. If you are a Foreign Shareholderand have any doubts as to your status, you should consult with your professionaladvisor in the relevant foreign jurisdiction. 6. If a person forwards any Tender Offer Document to or from any ExcludedJurisdiction or uses the mail or any other means of any Excluded Jurisdiction,such person must draw the recipient's attention to section 4.6 of theInformation Circular. ______________________ This information is provided by RNS The company news service from the London Stock Exchange

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