Logicom proceeds with rights issue

Logicom Public Limited will proceed with the issue of 61,733,000 Rights, which will be offered gratis to the shareholders who will acquire shares by October 11, 2007 (cum-date) in the ratio of 1 Right for every share held.  The ex-rights date will be October 12, 2007 aimed at raising EUR 6.85 mln. 

Each 10 rights exercised, will be converted into 1 fully paid new share of EUR1.11, which will be listed in the CSE.  For every 10 Rights exercised, 1 warrant will be allocated to the beneficiaries. 

The trading of the Rights in the CSE will start on November 6, 2007 and will expire on November 26, 2007.  The rights will trade and transferred via the CSE. 

The exercise period will start on December 3, 2007 and will expire on December 7, 2007. 

The Board of Directors has the right to dispose all unexercised rights at its own discretion to the benefit of the Company within the period of 14 business days from the expiry of the exercise period and with an exercise price of at least EUR1.11 for every 10 Rights. 

Issue advisors are Laiki Investments EPEY.