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Panayides: No warrant exercised

The Company’s Board of Directors would like to announce that the warrants issued with the Prospectus dated February 27, 2002 were not exercised by the holders until their exercise date of November 28, 2003. As a result, no new shares were issued.

Please be reminded that according to the terms, as they are described in the Prospectus, warrant holders will have the right to exercise their warrants at the price of CYP 0,60 during the period: 15- 26/11/2004.
Thursday, 4 December, 2003 - 10:33