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Friday, 8 December 2006
+++ Reduction of INTRACOM HOLDINGS share capital via a decrease in the nominal value of the Company share +++
INTRACOM HOLDINGS announces that the Second Repeated Meeting of the 23.10.2006 Extraordinary General Meeting of shareholders, held on 24.11.2006, decided the reduction of the Company's share capital by the amount of € 92.689.508,10, in order to cover for the debit balance which resulted from the first application of the International Financial Reporting Standards (change of Accounting Principles), via a decrease in the nominal value of each share from
€ 2,11 to € 1,41.
Following the aforementioned reduction, the Company share capital amounts to € 186.703.152,03, divided in 132.413.583 Common Registered shares with voting rights, of nominal value € 1,41 each.
The Ministry of Development with the decision number
K2-16616/29.11.2006, approved the amendment of the
relevant article of the Company's Articles of Association.
The Athens Exchange Board of Directors was notified of the aforementioned decrease in the nominal value of INTRACOM HOLDINGS shares during its meeting on 07.12.2006.
Therefore, as of Wednesday 13.12.2006, INTRACOM HOLDINGS shares will trade at the Athens Exchange at the new nominal value of € 1,41 per share.
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