Cyprus Primetel to issue EUR 5 mln bond

The Board of Primetel Plc (PTL) will meet on June 23, 2009 to examine and approve the issue of non-convertible Bonds of up to EUR5 mln. In addition the Board will decide on the allocation to “the managerial staff and the executive directors of share units of restricted rights based on the “Incentive Plan of Primetel Plc” 2008 approved by the EGM on April 16, 2009.”