29th Jun 2007 12:44
Hellenic Telecomms Organization S A29 June 2007 SUCCESSFUL PLACEMENT BY THE HELLENIC REPUBLIC OF 10.7% OF HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. ATHENS, Greece - June 28, 2007 - Hellenic Telecommunications Organization SA(ASE: HTO, NYSE: OTE), The Hellenic Telecommunications Organization S.A.("OTE'') has been informed that the Hellenic Republic announced the successfulcompletion of the sale of common shares of the Hellenic TelecommunicationsOrganization S.A. ("OTE'') via an accelerated book build to international andGreek qualified investors via a private placement. 52,446,092 shares representing 10.7% of OTE's share capital were placed within75 minutes (with book closing at 11:15am Athens time) at Euro 21.40 per share, a0% discount to the prior day's closing price. All the shares offered are existing shares listed on the Athens Exchange andcurrently held by the Hellenic Republic. NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES OF AMERICA(INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES ANDTHE DISTRICT OF COLUMBIA), CANADA, JAPAN OR AUSTRALIA. About OTEOTE 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 most recently in Romania. At present, companies in which OTE Grouphas an equity interest employ over 30,000 people in six countries, and ourportfolio of solutions ranges from fixed and mobile telephony to Internetapplications, 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. Additional Information is also available on http://www.ote.gr. Contacts:OTE: Dimitris Tzelepis - Head of Investor RelationsTel: +30 210 611 1574, Email: [email protected] Papagiannakopoulos - Senior Financial Analyst, Investor RelationsTel. +30 210 611 7593, Email: [email protected] Kozanoglou - Communications Officer, Investor RelationsTel: +30 210 611 1121, Email: [email protected] Diamanti - IR CoordinatorTel: +30 210 611 5070, Email: [email protected] Hadjigeorgiou - Financial Analyst, Investor RelationsTel: +30 210 611 1428, Email: [email protected] Forward-looking statementAny 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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