| AGM DATE |
SUBJECT |
DETAILS |
| 02/14/2003 | DECISIONS OF EXTRAORDINARY SHAREHOLDERS' GENERAL MEETING | |
| | REGISTRATION OF SHARES (common, preffered) | |
| | cease of trading of | 41,326,095 common registered shares |
| | replacement by | 20,663,047 common registered shares |
| | cease of trading of | 15,680,746 common preferred shares |
| | replacement by | 7,840,373 common preferred shares |
| | nominal price | 1.20 Euros (Reverse Split) |
| | Date the new Common & Preferred shares start trading | 03/13/2003 |
| | Adjusted starting price of common shares | 1.14 Euros |
| | Adjusted starting price of preferred shares | 1.02 Euros |
| | DECREASE OF THE NUMBER OF THE COMPANY’S SHARES | |
| | New number of common bearer shares | 20,663,047 common bearer shares |
| | Old number of common bearer shares | 41,326,095 common bearer shares |
| | New number of common preferred shares | 7,840,373 common preferred shares |
| | Old number of common preferred shares | 15,680,746 common preferred shares |
| | Total share capital | 34,204,104 Euros |
| | INCREASE IN THE SHARES’ NOMINAL VALUE | |
| | New nominal value | 1.20 Euros |
| | Old nominal value | 0.60 Euros |
| 07/27/2002 | DECISIONS OF EXTRAORDINARY SHAREHOLDERS' GENERAL MEETING | |
| | Share Capital decrease by | Euro 2,428,314.60 |
| | Non disposed shares | 2,507,569 common shares |
| | | 1,539,622 preferred shares |
| | Share capital increase by | 6,025,320.60 |
| | Number of new issued shares | 10,016,335 new common and bearer shares |
| | Par value | Euro 0.60 |
| | Total Share Capital | Euro 34,204,104.60 |
| | Total number of shares | 57,006,841 shares |
| | Par value | Euro 0.60 |
| | Total number of common shares | 41,326,095 common bearer with voting right |
| | Total number of preferred shares | 15,680,746 preferred bearer without voting right and non convertible to common with voting right |
| 5/2/2002 | SHARE CAPITAL INCREASE THROUGH A RIGHTS ISSUE | |
| | Share capital increase by | Euro 8,453,635.20 |
| | Number of new shares issued | 12,523,924 common bearer |
| | Par value | Euro 0.60 per share |
| | Issue price | Euro 3.80 per share |
| | Terms of the issue | 3 new common bearer shares with a voting right for every 10 old bearer shares held with a voting right |
| | | 2 new common bearer shares for every 10 old preferred shares held witjout a voting right |
| | Number of new shares issued | 1,565,488 preferred shares |
| | Par value | Euro 0.60 per share |
| | Issue price | Euro 3.80 per share |
| | | |
| | Terms of the issue | without voting right |
| | | 1 new preferred share without a voting right for every 10 old preferred shares held without a voting right |
| | Trading date on A.S.E. | 03/13/2002 (without the preemption right in the share capital increase through a rights issue) |
| 10/14/1999 | STOCK SPLIT | |
| | Old Nominal Value | 1,000 GrD (2.93 EURO) per share |
| | New Nominal Value | 200 GrD (0.59 EURO) per share |
| | Number of new issued shares | 37,571,712 bearer shares (25,047,808 common & 12,523,904 preferred) |
| | Number of new issued shares | 37,571,712 bearer shares (25,047,808 common & 12,523,904 preferred) |
| | Number of new shares after the capital increase | 46,964,640 bearer shares (31,309,760 common & 15,654,880 preferred) |
| | Share Capital after the increase | 9,392,928,000 GrD (27,565,452.68 EURO) |
| 10/14/1999M | SHARE CAPITAL INCREASE THROUGH THE CAPITALIZATION OF PREMIUM RESERVES REVERSE STOCK SPLIT | |
| | SHARE CAPITAL INCREASE | |
| | Share Capital Increase by | 5,936,330,496 GrD (17,421,366.09 EURO) from which 251,722 GrD (738.73 EURO) came from the capitalization of Share Premium Reserves, 1,623,353,662 GrD (4,764,060.64 EURO) from capitalization of differences from participations and securities value adjustmen |
| | Number of new shares after the capital increase | 9.392.928 bearer shares (6,261,952 common & 3,130,976 preferred) |
| | Share Capital after the increase | 9,392,928,000 GrD (27,565,452.68 EURO) |
| | REVERSE STOCK SPLIT | |
| | New Nominal Value | 1,000 GrD (2.93 EURO) per share |
| | Old Nominal Value | 368 GrD (1.08 EURO) per share |
