Finikas to list 3.2m Rights

The CSE Council announced that it has accepted the listing of 13,204,527 nil-paid rights of Finikas Ammochostou Plc, pursuant to Article 58(I) of the CSE Law. The nil-paid rights were allocated to the ratio of 1 right per share. Every 5 rights exercised will be converted into a new fully paid share with an exercise price of EUR0.34 each. The exercise period will commence July 30 and will expire August 5, 2008.
It is noted that for every 10 Rights exercised, 1 warrant (2009-2010) will be allocated with an exercise price of EUR0.34, which will be exercisable on November 1-19, 2009 and 2010. Also, for each one of the warrants exercised, two more warrants (2011 – 2012) will be allocated with an exercise price of EUR0.34 each, which wil be exercisable on November 1 – 19, 2011 and 2012.
Trading will commence on July 2, 2008 and will end on July 22, 2008 (both dates inclusive).