Announcement regarding the appropriation completion of the capital raised
Announcement regarding the appropriation completion of the capital raised by the company INTRACOM CONSTRUCTIONS SOCIETE ANONYME TECHNICAL AND STEEL CONSTRUCTIONS under the distinctive title INTRAKAT
It is announced, in accordance with the decision n. 33/24.11.2005 of the ATHEXs BoD and articles 275 & 289 of the ATHEXs Rulebook, as in effect, that as of 20.2.2008 the Company has concluded the appropriation of the capital raised:
1. from the share capital increase of the company “INTRACOM TECHNICAL CONSTRUCTIONS SA”, through cash payment, which was conducted in accordance with the 20.09.2001 decision of the Extraordinary Shareholders General Meeting and the 23.11.2001 decision of ATHEXs BoD, via private placement & public offering, which was conducted during the period from November 13th to November 16th, 2001 and resulted to capital raised amounting 23,100,000, according to the 26.11.2001 verification by the BoD, which net of the expenses of 1,768,781 amounted 21,331,219 as well as
2. from the share capital increase of the absorbed company “INTRAMET METAL AND ELECTROMECHANICAL CONSTRUCTIONS SA”, through cash payment, which was conducted in accordance with the 08.01.2004 decision of the Extraordinary Shareholders General Meeting and the 02.03.2004 decision of ATHEX� BoD, via private placement & public offering, which was conducted during the period from February 17th to February 20th, 2004 and resulted to capital raised amounting 10,450,000 according to the 03.03.2004 verification by the BoD, which net of the expenses of 1,336,004.37 amounted 9,113,995.63.
The number of the new common registered shares issued by the company were 7,000,000 and by the absorbed 5,500,000. The companys shares were listed in ATHEXs Main Market on 30.11.2001 and the absorbed companys on 15.03.2004.
The abovementioned capital, net of the expenses amounting 1,768,781 for the company and 1,336,004.37 for the absorbed company, according to
a) the information memorandum of the company, as amended by the Shareholders�General Meetings of 27.12.2002, 23.06.2003, 22.12.2003, 24.06.2004, 14.02.2005 and 27.06.2005
b) the information memorandum of the absorbed company INTRAMET, as amended by the Shareholders�General Meetings of 25.06.2004 and 20.04.2005
and
c) following the amendments decided by “INTRACOM CONSTRUCTIONS SOCIETE ANONYME TECHNICAL AND STEEL CONSTRUCTIONS” Shareholders General Meetings of 09.02.2006, 04.12.2006 and 28.06.2007 and the 31.12.2007 decision of its Board of Directors, which is pending the approval of the first General Meeting that will be held by the companys shareholders, where appropriated as follows:
1. ELECTROMECHANICAL EQUIPMENT: 511,361.00
1.Α MACHINERY: 396,290.00
1.Β. IT SYSTEMS:
1.Β.1 IT EQUIPMENT: 64,760.00
1.Β.2 IT SOFTWARE: 538,950.00
2. BUILDINGS: 0.00
3. ACQUISITION – ESTABLISHMENT OF COMPANIES: 1,106,717.00
4. PARTICIPATION IN INTRACOM CONSTRUCT SHARE CAPITAL INCREASE: 0.00
5. SELF FINANCED PROJECTS: 0.00
6. PARTICIPATION IN THE CAPITAL OF A SELF FINANCED PROJECTS JOINT VENTURE �ACQUISITION OF SHARE �PARTICIPATION IN THE SHARE CAPITAL OF A COMPANY- ESTABLISHMENT OF A NEW COMPANY �ENGAGEMENT OF THE COMPANY IN ENVIRONMENTAL PROTECTION PROJECTS EITHER INDEPENDENTLY OR THROUGH ITS PARTICIPATION IN THE SHARE CAPITAL OF OTHER COMPANIES: 2,909,550.00
7. CREATION / MODERNIZATION / EXPANSION OF THE INDUSTRIALIZATION UNIT OF METAL BUILDINGS AND LARGE SPAN SHELTERS: 172,321.64
8. PROCUREMENT OF CONTROL INSTRUMENTS AND DEVICES: 116,086.07
9. PURCHASE OF IT EQUIPMENT AND SOFTWARE: 400,847.14
10. EXPANSION – MODERNIZATION OF THE STEEL CONSTRUCTION UNIT: 169,172.13
11. EXPANSION – MODERNIZATION OF WAREHOUSES: 64,502.36
12. EXPANSION – MODERNIZATION OF THE ELECTROMECHANICAL CONSTRUCTIONS UNIT: 791,066.29
13. PURCHASE OF NEW MACHINERY AND OTHER MECHANICAL EQUIPMENT FOR THE MODERNIZATION OF THE FACTORY: 2,281,570.00
14. WORKING CAPITAL: 18,722,021.00
15. REPAYMENT OF LOANS FOR INVESTMENTS MATERIALIZED IN 2002 -2003: 2,200,000.00
TOTAL: 30,445,214.63
According to the table of appropriation, which was audited by a Certified Auditor – Accountant, the above funds (net of expenses), where appropriated in full as of 20.02.2008 and their allocation is final.
