S.SIMOUDIS A MAJOR SHAREHOLDER SIGNED A CONTRACT WITH A MARKET MAKER
Mr. Simos Simoudis, a major shareholder, announces to the investor community that subsequent to the relevant decision of the A. S. E. Board of Directors, as of
2/3/2003, INFORMER’s common shares will start trading under a Market Maker scheme, targeting improved market liquidity. Proton Securities, an A. S. E. Member, has been appointed as the Market Maker. The contract signed with the Market Maker has a 3-year duration.
To facilitate the role of the Market Maker, which is to increase the market liquidity of INFORMER’s shares, and in view of certain risks that the Market Maker may incur in the future, Mr. Simos Simoudis, as major shareholder, has signed a contract with Proton Securities. The contract requires Mr. Simos Simoudis to enter into repurchase agreements on the Athens Derivatives Exchange. In addition, the contract signed with the Market Maker, provides information on the participation of the major shareholder to the gains / losses, generated by the transactions made annually by PROTON SECURITIES, as the Market Maker of INFORMER’s common shares. Mr. Simos Simoudis’ participation to those gains / losses has been settled at 22.5% with a maximum amount of € 25,000 per year under contract.
Athens, January 31st, 2003
Simos Simoudis
