Housewares & Horeca Equipment Supplier

Press Releases

Market Making


27/03/07

The company YALCO - CONSTANTINOU S.A. (henceforth the "Issuer"), listed on the Athens Exchange (ATHEX), announces to the investor public that the ATHEX Board of Directors, by its relevant decision reached on March 22nd, 2007 decided that as of the trading session of the ATHEX on 28/03/2007 and henceforth, the market making on the common listed shares of the company will begin in order to enhance their liquidity, with BETA SECURITIES CO. S.A. (Member of the ATHEX) as the Market Maker. The Issuer has concluded a market making agreement with BETA SECURITIES CO. S.A, which comprises the following basic terms and conditions:



1. BETA SECURITIES CO. S.A. will forward to the trading system of the ATHEX, viz. OASIS, market making orders, (i.e. simultaneous buying and selling orders) for its own account, on the shares of the Issuer, in accordance with the special terms and conditions provided for in the current legislation in force. For the aforementioned service, the Issuer will pay a fee to BETA SECURITIES CO. S.A.

2. The market making agreement has a one-year duration.

3. In order to facilitate the market making procedure, in light of the possible risks the market maker is undertaking, BETA SECURITIES CO. S.A. has concluded an agreement with the principal shareholder of the Issuer, Mr. Demetre S. Constantinou, which provides for the obligation of the aforementioned principal shareholder to conclude repurchase agreements in the ATHEX Derivatives Market (ADEX).



On behalf of CONSTANTINOU & SON S.A.


 



For further information, please contact:Mr. George Makris, Executive BoD member - Supervision of Shareholders & Corporate Announcements Department, Socrates D. Constantinou & Son S.A., e-mail: makris@yalco.gr, tel: (+30)210 629-9999 fax:(+30)210 800-0866 or Mr. Nicolas Bornozis, President, Capital Link Inc. in New York at (212) 661-7566. The press release in question as well as any additional information are available on Capital Link's website www.capitallink.com.



 


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