AXON Α.Ε. ΣΥΜΜΕΤΟΧΩΝ
Announcement regarding an increase and concurrent decrease of the Company's share capital with an equivalent increase and decrease of the nominal value of the Company's shares
The company with the corporate name "AXON HOLDINGS SOCIETE ANONYME" hereby announces that the Ordinary General Meeting of the shareholders of 19 May 2008 decided:
(a) To increase the Company's Share Capital by euro 47,839,495.45 with the capitalisation of a corresponding amount from the Company's reserves "Premium on capital stock" without the issue of new shares and with the increase of the nominal value of the Company's shares from sixty-one cents (euro 0.61) each to one Euro and seventy-nine cents (euro 1.79) each and, subsequently, to equally decrease the Company's Share Capital by euro 47,839,495.45 with a corresponding decrease of the nominal value of the Company's shares from one Euro and seventy-nine cents (euro 1.79) each to sixty-one cents (euro 0.61) each for the purpose of extinguishing the Company's accumulated losses, and
(b) To increase the Company's Share Capital by euro 4,051,161.00 with the capitalisation of a corresponding amount from the Company's reserves "Premium on capital stock" without the issue of new shares and with the increase of the nominal value of the Company's shares from sixty-one cents (euro 0.61) each to seventy-one cents (euro 0.71) each and, subsequently, to equally decrease the Company's Share Capital by euro 4,051,161.00 with a corresponding decrease of the nominal value of the Company's shares from seventy-one cents (euro 0.71) each to sixty-one cents (euro 0.61) each for the purpose of returning the aforementioned amount to the Company's Shareholders as a capital return in the amount of ten cents (euro 0.10) per share.
The Ministry of Development, with decision No. Κ2-8235/26.06.2008, approved the amendments of the relative article of the Company's Articles of Association. Following the above increases and concurrent decreases of the Company's share capital, the Company's share capital continues to amount to euro 24,712,082.10 divided into 40,511,610 common registered shares of a nominal value of euro 0.61 each.
It should be noted that of the 40,511,610 common registered shares in which the Company's share capital is divided, 31,511,610 shares are already listed on the Athens Exchange while the listing of the remaining 9,000,000 shares on the Athens Exchange is pending. The beneficiaries of these shares are the shareholders of the split-up company "ACHAIKI ADVANCE TECHNOLOGY INDUSTRY SOCIETE ANONYME", the advanced technology products and services, real estate and technical works sector of which was absorbed by the Company (announcement of registration in the Register of Societes Anonymes under protocol No. Κ2 -17814/31-12-2007 of the Ministry of Development). These shares shall be listed on the Athens Exchange following the completion of the tax audit of the split-up company, which constitutes a necessary document in accordance with decision No. 37/24-11-2005 of the Board of Directors of the Athens Exchange.
The Board of Directors of the Athens Exchange, during its meeting of 17th July 2008, was notified of the equivalent increase and decrease of the nominal value of the Company's shares. Following the above, from 23rd July 2008, the Company's shares shall be traded on the Athens Exchange at a final nominal value of ? 0.61 and without a right to participate in the capital return with the payment of a cash amount of ? 0.10 per share to the shareholders. From the aforementioned date, the opening price of the Company's shares on the Athens Exchange shall be set pursuant to the Regulation of the Athens Exchange. The 30th July 2008 is set as the date of commencement of payment of the aforementioned amount to the shareholders.
The share capital return, as regards the Company's listed shares, shall be paid via "PIRAEUS BANK S.A.". "PIRAEUS BANK S.A." shall pay the corresponding amounts to the operators of the beneficiary shareholders (Custodians - Brokerage Firms), who (operators) have stated that they have the right to collect the capital return on behalf of their clients so that they may, in turn, pay said return to the beneficiaries. Shareholders who have not authorised or who have revoked the authorisation that they provided to the Account Operators of the Dematerialised Securities System and, in general, shareholders to whom the capital return cannot be paid via Account Operators of the Dematerialised Securities System may, either in person or via a proxy (in the second case, with the presentation of the relative authorisation, which must bear the ratification of the authenticity of the shareholder's signature of a Citizen Service Centre or police, public or municipal authority), collect the aforementioned amounts via the network of the branches of "PIRAEUS BANK S.A.", with the presentation of a public certificate of identification (identity card, valid passport, etc.).
The Company shall pay the capital return that corresponds to the 9,000,000 shares, the beneficiaries of whom are the shareholders of "ACHAIKI ADVANCE TECHNOLOGY INDUSTRY SOCIETE ANONYME", directly to these six beneficiaries.
For more information, shareholders may contact the Company's Shareholder Service Department (tel.: 210-3216000, Mr L. Liakos)
(a) To increase the Company's Share Capital by euro 47,839,495.45 with the capitalisation of a corresponding amount from the Company's reserves "Premium on capital stock" without the issue of new shares and with the increase of the nominal value of the Company's shares from sixty-one cents (euro 0.61) each to one Euro and seventy-nine cents (euro 1.79) each and, subsequently, to equally decrease the Company's Share Capital by euro 47,839,495.45 with a corresponding decrease of the nominal value of the Company's shares from one Euro and seventy-nine cents (euro 1.79) each to sixty-one cents (euro 0.61) each for the purpose of extinguishing the Company's accumulated losses, and
(b) To increase the Company's Share Capital by euro 4,051,161.00 with the capitalisation of a corresponding amount from the Company's reserves "Premium on capital stock" without the issue of new shares and with the increase of the nominal value of the Company's shares from sixty-one cents (euro 0.61) each to seventy-one cents (euro 0.71) each and, subsequently, to equally decrease the Company's Share Capital by euro 4,051,161.00 with a corresponding decrease of the nominal value of the Company's shares from seventy-one cents (euro 0.71) each to sixty-one cents (euro 0.61) each for the purpose of returning the aforementioned amount to the Company's Shareholders as a capital return in the amount of ten cents (euro 0.10) per share.
The Ministry of Development, with decision No. Κ2-8235/26.06.2008, approved the amendments of the relative article of the Company's Articles of Association. Following the above increases and concurrent decreases of the Company's share capital, the Company's share capital continues to amount to euro 24,712,082.10 divided into 40,511,610 common registered shares of a nominal value of euro 0.61 each.
It should be noted that of the 40,511,610 common registered shares in which the Company's share capital is divided, 31,511,610 shares are already listed on the Athens Exchange while the listing of the remaining 9,000,000 shares on the Athens Exchange is pending. The beneficiaries of these shares are the shareholders of the split-up company "ACHAIKI ADVANCE TECHNOLOGY INDUSTRY SOCIETE ANONYME", the advanced technology products and services, real estate and technical works sector of which was absorbed by the Company (announcement of registration in the Register of Societes Anonymes under protocol No. Κ2 -17814/31-12-2007 of the Ministry of Development). These shares shall be listed on the Athens Exchange following the completion of the tax audit of the split-up company, which constitutes a necessary document in accordance with decision No. 37/24-11-2005 of the Board of Directors of the Athens Exchange.
The Board of Directors of the Athens Exchange, during its meeting of 17th July 2008, was notified of the equivalent increase and decrease of the nominal value of the Company's shares. Following the above, from 23rd July 2008, the Company's shares shall be traded on the Athens Exchange at a final nominal value of ? 0.61 and without a right to participate in the capital return with the payment of a cash amount of ? 0.10 per share to the shareholders. From the aforementioned date, the opening price of the Company's shares on the Athens Exchange shall be set pursuant to the Regulation of the Athens Exchange. The 30th July 2008 is set as the date of commencement of payment of the aforementioned amount to the shareholders.
The share capital return, as regards the Company's listed shares, shall be paid via "PIRAEUS BANK S.A.". "PIRAEUS BANK S.A." shall pay the corresponding amounts to the operators of the beneficiary shareholders (Custodians - Brokerage Firms), who (operators) have stated that they have the right to collect the capital return on behalf of their clients so that they may, in turn, pay said return to the beneficiaries. Shareholders who have not authorised or who have revoked the authorisation that they provided to the Account Operators of the Dematerialised Securities System and, in general, shareholders to whom the capital return cannot be paid via Account Operators of the Dematerialised Securities System may, either in person or via a proxy (in the second case, with the presentation of the relative authorisation, which must bear the ratification of the authenticity of the shareholder's signature of a Citizen Service Centre or police, public or municipal authority), collect the aforementioned amounts via the network of the branches of "PIRAEUS BANK S.A.", with the presentation of a public certificate of identification (identity card, valid passport, etc.).
The Company shall pay the capital return that corresponds to the 9,000,000 shares, the beneficiaries of whom are the shareholders of "ACHAIKI ADVANCE TECHNOLOGY INDUSTRY SOCIETE ANONYME", directly to these six beneficiaries.
For more information, shareholders may contact the Company's Shareholder Service Department (tel.: 210-3216000, Mr L. Liakos)