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  Marfin CLR Corner
November, 20, 2000
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Petrolina Initial Public Offering

FHN

The company Petrolina (Holdings) Ltd will be holding its Initial Public Offering between the dates 21 to 23 November 2000. The company showed sales of CYP 61.5 million for 1999 with CYP 2.1 million net profits. Petrolina will be issuing 500.000 shares of 0.20 cents nominal value at the price of 0.70 cents to the public. In total the company will list 87.500.000 shares and 8.750.000 warrants issued to the ratio of 1:10.

Petrolina holds 40% of the liquid gas (LPG) market under the brand names Petrolinagas, Petrogaz, Centragaz, Agipgas and Linagas and 29.7% of the petrol market through 91 petrol station outlets Petrolina, Lina and Agip.

The Board of Petrolina is made up of Takis Lefkaritis, Chairman, Kallis Lefkaritis, Kikis Lefkaritis, General Manager, Photos Photiades, Costakis Lefkaritis, Marios Lefkaritis, Efthyvoulos Paraskevaides, Antonis Hadjipavlou, Dinos Lefkaritis, Demetris Lefkaritis, Demetra Karantoki, Akis Lefkaritis, Georgos Iacovou and Yiannis Loutsios, Members.


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