31.07.2008

IMAKO MEDIA S.A., in the context of investors information and following its announcement as of 27.05.2008, announces the legal and accounting integration of the strategic cooperation with Greek Geeks S.A. in the e-commerce market, through the absorption of the existing e-commerce sector of Greek Geeks S.A. by the 100% subsidiary company of ΙΜΑΚΟ MEDIA S.A., P Ekdotiki S.A.; as a result of this cooperation, IMAKO MEDIA S.A. holds 51% and Greek Geeks 49% of P Ekdotiki S.A., through a procedure, which is described in detail as follows.
The ΕΜ-19443/25-07-2008 decision of the Department of Societies and Trade of the Prefecture of Athens (East Attica Sector) approved  the draft merger agreement through the absorption of the existing e-commerce sector of Greek Geeks S.A. by P Ekdotiki S.A., as well as the increase of P Ekdotiki S.A. capital share, which will be equivalent to the accounting valuation price of the contributed sector, by € 99,865.92, with the issue of 33,968 common registered with vote shares, of nominal value of € 2.94 each; as a result, the share capital of P Ekdotiki S.A. will amount to the total sum of € 535,068.24, which is split into 181,996 common registered with vote shares , of nominal value of € 2.94 each.
Then, on 31/07/2008, IMAKO MEDIA S.A. transferred to Greek Geeks S.A. 98,110 shares of P Ekdotiki S.A. in total, which correspond to a percentage of 53.91% of P Ekdotiki S.A. share capital; as a result, the percentage of participation of IMAKO MEDIA S.A. in P Ekdotiki S.A. amounted to 27.43%, which corresponds to 49,918 shares, while Greek Geeks S.A. participates at a percentage of 72.57%, which corresponds to 132,078 shares.
The later increase of P Ekdotiki S.A. share capital, in the region of € 257,399.94, with the issue of 87,551 common registered with vote shares, of nominal value of € 2.94 each, was decided with the Extraordinary General Meeting of the company as of 31/07/2008, and was fully covered by ΙΜΑΚΟ MEDIA S.A. with an equivalent payment in cash, after Greek Geeks S.A. waived its preemptive right.
As a result of the aforementioned, the share capital of P Ekdotiki S.A. today amounts to 269,547 common registered with vote shares, of nominal value 2.94 Euro per share, out of which, IMAKO MEDIA S.A. holds 137,469 shares, that is, a percentage of 51% of the P Ekdotiki S.A. share capital, while Greek Geeks holds 132,078 shares, that is, a percentage of 49% of P Ekdotiki S.A.