The Board of Directors of the Company decided on 17.12.2009 the increase of the Company’s share capital pursuant to article 13 par.13 of codified law 2190/1920 as it is now in force,  by euro 117,376.00 and the issuance of 29,344.00 new common Company shares of a nominal value of  euro 4 each, following the exercise by senior executives of the Company as well as of companies of the Titan Group of stock option rights granted to them on the basis of  Stock Option  Plans which have been approved by resolutions dated 8.6.2004 and 29.5.2007 of the General Meeting of Shareholders.

 

Following the above share capital increase, the fully paid up share capital of the Company  amounts to euro 338,304,472 divided into 84,576,118 shares of a nominal value of 4  euro each, 77,007,158  of which are common shares and 7,568,960 are preference shares without voting rights.