This change arises from the sale through a combined offer in Greece and abroad of 36,500,000 shares of the PPC S.A. 13,300,000 shares in the ownership of the Hellenic Republic and 23,200,000 shares in the ownership of Public Enterprise of Negotiable Securities S.A. (D.E.K.A S.A.).
Listed Company Concerned: PPC S.A.
Announcing Party: The Hellenic Republic & D.E.K.A. S.A.
Security type: Shares with voting rights
Percentage Change: Directly
Percentage of Voting Rights: Before the change: 67.22%,
After the change: 51.49%
Number of Shares with Voting rights: Before the change: 155,948,131
After the change: 119,448,131
Percentage of Share Capital: Before the change: 67.22%,
After the Change: 51.49%
Total Number of Shares per Share type: 232,000,000
Date of Transaction: 30 Oct. 2003
Date of announcement of the Transaction to the Party concerned: 30 Oct. 2003
Date of announcement of the Transaction to the ASE: 31 Oct. 2003
This document is not an offer of securities for sale in the United States. The Securities have not been and are not being registered under the US Securities Act of 1933, as amended (the Securities Act) and may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the Securities Act) unless registered under the Securities Act or pursuant to an exemption from such registration. The Company does not intend to register the Securities under the Securities Act. Any offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the Company or the selling shareholder and will contain detailed information about the Company and management, as well as financial statements.
This communication is directed only at persons who (i) have professional experience in matters relating to investments or (ii) are persons falling within Article 49(2)(a) to (d) (?high net worth companies, unincorporated persons etc?)of the Financial and Service Markets Act 2000 (Financial Promotions Order 2001) as amended or to whom it may otherwise be lawfully communicated (all such persons together being referred to as ?relevant persons?). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.