Announcement of share capital increase via the increase in the nominal value per share
The Societe Anonyme under the name “THRACE PLASTICS INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME” (or the “Company” hereafter) informs the investment community that the Extraordinary General Meeting of shareholders of the Company which convened on 29th December 2014, approved, among other subjects, the increase of the Company's share capital by an amount of seven million two hundred fifteen thousand one hundred thirty nine Euros and twenty cents (7,215,139.20) via capitalization of:
a) Part of tax free reserves which were formed according to Law 2238/1994, and in line with the article 72 of Law 4172/2013, amounting to 6,839,561.31 Euros and
b) Part of share premium reserves amounting to 375,577.89 Euros.
The share capital increase will be implemented via a corresponding increase of the nominal value per share of the Company by an amount of 0.16 Euros, namely from 0.50 Euros to 0.66 Euros.
Via the above share capital increase, the Company's share capital amounts to twenty nine million seven hundred sixty two thousand four hundred forty nine Euros and twenty cents (29,762,449.20), is fully paid-in and is divided by forty five million ninety four thousand six hundred twenty (45,094,620) common registered shares with nominal value of sixty six cents of Euro (0.66) per share.
On 21-01-2015, the pertinent decision with protocol number 7168/21-01-2015 of the Deputy Minister of Development and Competitiveness via which the amendment of the Company's Articles Association were approved, was registered in the General Commercial Registry (GEMI).
The Management Committee of the Athens Exchange was accordingly informed during its meeting on 29-01-2015 about the Company's share capital increase via a corresponding increase of the nominal value per share by 0.16 Euros.
Following the above, from 03-02-2015 the Company's shares will be trading on the Athens Exchange with their new nominal value, namely 0.66 Euros per share.
For additional information, shareholders are kindly invited to address the Shareholders and Investor Relations Department of the Company (20 Marinou Antypa Street, Alimos, Athens, Greece), and Ms. Ioanna Karathanasi, Head of the Department, Tel. +30 210-9875081.