Ote Ads Regulatory News (OTES)

9 Nov 2007 11:27

Hellenic Telecomms Organization S A09 November 2007 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement Extraordinary general assembly of shareholders Athens, November 8, 2007 - Hellenic Telecommunications Organization SA (ASE:HTO, NYSE: OTE), the Greek full-service telecommunications provider, today heldits Extraordinary General Assembly of Shareholders, during which 55.7% of itsshareholders were present. During the meeting, in accordance with the EGM'sagenda, shareholders approved the following items: 1. A share buy back program, of OTE SA in accordance with the article 16 ofthe Law 2190/1920 of up to 1/10 of the total OTE SA share capital, with thehighest price set at €35 and the minimum price set at €15, with a concurrentsuspension of the relevant decision of the Ordinary Shareholders Meeting of OTESA on June 21, 2007. 2. Amendments to the current Articles of Association: Addition of article5a (Shares), amendments of articles 8 (Board of Directors), 10 (Composition andOperation of the Board of Directors), 17 (Invitation - Agenda of the GeneralAssembly of Shareholders) and 21 (Special Quorum and Majority). 3. Ohe amendments to OTE SA's Articles of Association are available on thecompany's website. About OTE OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in South-eastern 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 Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions ranges from fixed and mobile telephony to Internet applications,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 Relations Tel: +30 210 611 1574, Email: dtzelepis@ote.gr Nektarios Papagiannakopoulos-Senior Financial Analyst, Investor Relations Tel: +30 210 611 7593, Email: npapagiannakopoulos@ote.gr Daria Kozanoglou - Communications Officer, Investor Relations Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr Marilee Diamanti - IR Coordinator Tel: +30 210 611 5070, Email: mdiamant@ote.gr Christina Hadjigeorgiou - Financial Analyst Tel: +30 210 611 1428, Email: cchatzigeo@ote.gr Forward-looking statement Any 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 Exchange