Sea Star to list 133.57m rights

The CSE Council announced that it has accepted the listing of 133,571,429 nil-paid rights of Sea Star Capital Plc. The nil-paid rights were allocated in the ratio of 1 Right per share. Each right exercised will be converted into two Company’s shares of nominal value CYP0.025 each with an exercise price of CYP0.152 or EUR0.26 for every new share. For the exercise of every Right, the beneficiary will submit the sum of EUR0.52 for the acquisition of two new ordinary shares.
The period of Rights exercise will commence on November 14, 2007 and will expire on November 21, 2007.
Trading will commence on October 22, 2007 and will expire on November 9, 2007 (both dates inclusive). The CSE will undertake the observance of the above Register in the Central Depository. The code will be SEASR.
It is noted that the trading of the shares that will result from the exercise of rights will commence on December 12, 2007, as soon as the CSE ensures that the Shares’ Register has been submitted in electronic form and meets the requirements set by the CSE.