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Panayides: Prospectus for bond issue of £5mln

Further to our announcement dated January 19, 2004, we wish to inform you that at the meeting held on Monday, February 9, 2004, the Board of Directors decided to proceed to a bond issue of up to £5,000,000. For this reason, the Company has already prepared a Prospectus – Invitation for Registration (pursuant to the CSE Laws and Regulations, pursuant to the Companies’ Law Chapter 113 and pursuant to the Investment Invitation Law 149(I)/2002), which will be submitted for approval to the competent stock exchange authorities.
Tuesday, 10 February, 2004 - 10:04