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2003

31/01/2003

Invitation of the Shareholders to an Extraordinary General Meeting with subject “Shares Buyback”

NOTICE TO SHAREHOLDERS OF THE COMPANY

UNDER THE CORPORATE NAME

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

OF THE EXTRAORDINARY GENERAL MEETING

(CORPORATION REGISTER) No. 1482/06/B/86/26 

Pursuant to a resolution of the Board of Directors and to the provisions of the Law and of the Company’s Codified Memorandum and Articles of Association, the Company’s shareholders are invited to an Extraordinary General Meeting on Wednesday, 19 February, at 12:00 hours, to be held at the NJV Athens Plaza Hotel, at A2 Vassileos Georgiou Street – Constitution Square - Municipality of Athens, for discussion and decision of the following matter:

“Acquisition by the Company of up to 1% of its own shares through the Athens Stock Exchange, subject to the following conditions: 

Max. no. of shares : Up to 1% of total issued and outstanding shares, i.e. up to 1,107,800 shares). 

Purpose :To support  the share price at a level reflecting prevailing market conditions and the Company’s financial condition and prospects; 

Maximum price :  €10.30 per share. 

Minimum price :  Lowest Price in the last 12 months.


Validity : Within twelve (12) months from approval by the General Meeting. 

Implementation :  “The Board of Directors will oversee Management’s implementation of detailed guidelines to govern the purchase, and any subsequent sale, of shares in one or more transactions within the parameters stated herein.” 

Shareholders who desire to participate in the Extraordinary Shareholders Meeting, according to Law and the Company’s Codified Memorandum and Articles of Association, must block their shares, through their brokerage account, in the system of dematerialised certificates or the Central Register and deposit the relevant receipt together with the legalisation documents, at least 5 days prior to the date of the Extraordinary Shareholders Meeting.
 

Maroussi , 20 January, 2003

THE BOARD OF DIRECTORS

 

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