Last checked at 27 Dec 2013 15:12
HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.
ANNOUNCEMENT
ATHENS, Greece -December 27, 2013 - Hellenic Telecommunications Organization SA (OTE S.A. or Company) (ASE: HTO, OTC MARKET: HLTOY), the Greek full-service telecommunications provider, informs its shareholders, in accordance with art. 17 and §2 of art. 19 of Law 3556/2007 and in view of the Extraordinary General Meeting of Shareholders, which will take place on Monday, December 30 2013 at 16:00, at the Company's headquarters (99, Kifisias Avenue, Marousi), that the Company's Board of Directors has decided (decision no 2943/27.12.2013) to submit to the above General Shareholders' Meeting a proposal regarding Items 6th and 7th of the Agenda, namely for the capitalization of tax-free reserves from non-taxable profits of previous years, by increasing the nominal value of the Company's share and for the amendment of Article 5 (Share Capital) of the Company's Articles of Incorporation, respectively, as follows:
(a) 6th item: To approve, according to L.4172/2013, the capitalization of reserves amounting to €215,666,171.16 (out of tax-free reserves of previous years amounting to €253,724,907.25 following the deduction of corresponding tax which amounts to €38,058,736.09), by increasing the nominal value of OTE S.A. share by €0.44, and
(b) 7th item: To approve the amendment of par. 1 of article 5 (Share Capital) of the Company's Articles of Incorporation as well as the addition of sub-paragraph (h) to par. 2 of said article 5 of the Company's Articles of Incorporation, as follows:
Draft of the Amendment of Article 5:
"Article 5
Share Capital
1. The share capital of the Company amounts to one billion three hundred eighty seven million one hundred twenty five thousand six hundred Euros and eighty seven cents (€1,387,125,600.87) and is divided into four hundred ninety million, one hundred fifty thousand three hundred eighty-nine (490,150,389) ordinary registered shares of a nominal value of two Euros and eighty three cents (€2.83) each.
2. The Share capital was determined as follows:
(a) ……………..
(b) ……………..
(c) ……………...
(d) ………………..
(e) ………………….
(f) …………….
(g) ……………...
(h) Pursuant to a resolution dated 30.12.2013 of the Extraordinary General Assembly of the Shareholders, the nominal value of each share was increased at the amount of forty-four cents (€ 0.44) due to capitalization of tax-free reserves from non-taxable profits of previous years, according to L.4172/2013. Following the above increase of the nominal value of the share, the Company's share capital amounts to one billion three hundred eighty seven million one hundred twenty five thousand six hundred Euros and eighty seven cents (€1,387,125,600.87) and is divided into four hundred ninety million, one hundred fifty thousand three hundred eighty-nine (490,150,389) ordinary registered shares of a nominal value of two Euros and eighty three cents (€2.83) each."
About OTE
OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.
Consisting of the parent company OTE S.A. and its subsidiaries, the Group offers fixed-line (voice, broadband, data and leased lines) TV and mobile telephony services in Greece and Romania, as well as mobile telephony services in Albania. The Group is also involved in a range of activities in Greece, notably in real-estate and professional training.
OTE is listed on the Athens Stock Exchange and the London Stock Exchange. Following OTE's delisting from the NYSE, OTE's ADSs (American Depositary Shares) trade in the OTC (Over the Counter) market under the ticker HLTOY through the Level I ADSs program.
Additional Information is also available on https://www.ote.gr.
Contacts:
OTE: Dimitris Tzelepis - Head of Investor Relations
Tel: +30 210 611 1574, Email: dtzelepis@ote.gr
Maria Kountouri - Assistant to the Head of Investor Relations
Tel: +30 210 611 5381, Email: mkountouri@ote.gr
Kostas Maselis - Senior Financial Analyst, Investor Relations
Tel: +30 210 611 7593, Email: kmaselis@ote.gr
Sofia Ziavra - Financial Analyst, Investor Relations
Tel: +30 210 611 8190, Email: sziavra@ote.gr
Christina Hadjigeorgiou - Financial Analyst, Investor Relations
Tel: +30 210 611 1428, Email: cchatzigeo@ote.gr
Daria Kozanoglou - Senior Communications & Regulatory Affairs Officer,
Investor Relations
Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr
Eftychia Tourna - Communications & Regulatory Affairs Officer, Investor Relations
Tel: +30 210 611 7236, Email:etourna@ote.gr
Eleni Agoglossaki - Communications & Regulatory Affairs Officer, Investor Relations
Tel: +30 210 611 7880, Email: eagoglossak@ote.gr
Manousos Apostolakis - Communications & Regulatory Affairs Officer, Investor Relations Tel: +30 210 611 6418, Email: mapostolakis@ote.gr