The Put II option may be exercised at the market price, plus an initial premium of 20%, for a period of twelve months from 10 November 2009, after which it may be exercised until 31 December 2011 at the market price, plus a premium of 15%. The form of share certificates, bonds, dividend and renewal certificates is defined by the Board of Directors with the agreement of the Supervisory Board. For reasons of clarity, a new lease is then concluded with the new share group. To that end, deutsche Telekom and the Hellenic Republic concluded on 14 May 2008 a share purchase agreement for the acquisition of an additional 3% of the shares at a price of EUR 0.4 billion. Under the share purchase agreement, Deutsche Telekom granted the Hellenic Republic two additional put options for an additional 5% (Put-Option I) and 10% (Put-Option II) of the shares. The share premium account is a reserve that cannot be distributed. An entity may only use the credit of the account for purposes defined in its articles of association. In most cases, an entity cannot use the account to pay dividends to shareholders or offset operating losses. The stock premium account is typically used to reimburse equity expenses, including underwriter fees. The account can also be used to issue free shares and to cover any fees or expenses related to that expense. The stock premium can be money that will be obtained for the sale of common or preferential shares. A balance is only recorded in this account if there is a direct sale of shares in the company, usually from a capital increase or IPO.
Secondary transactions between investors have no influence on the share premium account. The performance of the shareholder agreement and the share purchase agreement was also linked to Deutsche Telekom`s acquisition of an additional 2% of OTE`s market shares, completed on 17 July 2008 for a total value of EUR 0.1 billion. mobilkom austria agrees with Western Wireless International to acquire a 19% stake in VIPnet. Authorization is only granted if the other tenants propose a student in respect of whom the rental provider has no reservations and who has declared in writing that he or she wishes to join the lease.. . . .