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ANNOUNCEMENT - DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF 2nd NOVEMBER, 2011
Athens, 3rd November, 2011
The Extraordinary General Shareholders’ Meeting of Attica Holdings S.A. took place
on 2nd November, 2011. Shareholders of 179,624,052 shares or 93.72% of the totality
of registered shares were present at the meeting.
The Extraordinary General Meeting decided on the following:
1. Approved unanimously the decrease of the Company’s Share Capital through
the reduction of the share par value from Euro 0.83 to Euro 0.30 per share and
the formation of special reserves, as per article 4 of Common Law 2190/1920.
2. Approved unanimously the increase of the Company’s share capital in cash by
issuing 81,455,636 new common registered shares with priority rights to
existing shareholders. The exchange ratio is 17 new shares for every 40 old
shares and the selling price of the new shares was determined at Euro 0.30 per
share.
The General Assembly also approved the Board’s proposition that the funds to be
raised will be used for working capital needs of the Group, and authorized the Board
to proceed with all the issues of the Company’s capital increase, as required.
Attica Group press release
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