Europrofit warrants exercised

Europrofit Capital Investors Public Limited (ERP) announced that 480,511 warrants of have been exercised, which have been converted into 480,511 shares of nominal value CYP0.05 each. As a result, the total issued share capital stands at 17,881,512 ordinary shares of nominal value CYP0.05 each. 

CLR Investment Fund Public Ltd, which holds more than 5%, has exercised 283,887 warrants that correspond to 283,887 ordinary fully paid shares increasing its stake to 62.88%, while CLR Capital Public Limited, which holds more than 5%, has exercised 196,284 warrants that correspond to 196,284 ordinary fully paid shares, increasing its stake to 12.37%.
The remaining 893,180 warrants can be exercised at the next warrant exercise on October 30, 2008. The shares that have resulted from the warrant exercise will rank pari passu with the existing shares and will be listed in the Cyprus Stock Exchange.