Illuminated oil refineries at night

Transaction notifications

01 Jul 2011

Signing of EURO 50 million Bond Loan Agreement

It is announced by the Company that the agreement for the issuance of a Bond Loan for the amount of EURO 50 million was signed on June 30th, 2011. The purpose for the issuance of this loan is the restructuring of part of the existing short term bank liabilities of the Company by turning them to long term. The decision for the issuance of the loan was approved by the Extraordinary General Meeting of March 14th, 2011 (first item on the agenda). The Arranger of the loan is NATIONAL BANK OF GREECE S.A.

Maroussi, July 1st, 2011

The Board of Directors