FRIGOGLASS S.A.I.C.
Announcement.
Frigoglass S.A.I.C. (the "Company") further to its announcement of September 5, 2008 in relation with the resolutions of the Extraordinary General Meeting which decided, among others, the increase of the Company's share capital by an amount of Euro 8.040.122 through the capitalization of a portion of the account "Balance from the issuance of shares above par value" by increasing the nominal value of each share of the Company by Euro 0,20 per share, i.e. from Euro 1,00 to Euro 1,20 per share as well as the decrease of the Company's share capital by an amount of Euro 36.180.549 through the reduction of the nominal value of the shares of the Company by an amount of Euro 0,90 per share, i.e. from Euro 1,20 to Euro 0,30 per share, and return of an equal amount of capital to the shareholders in cash, announces the following:
On 13/10/2008 the amendment of the articles of association of the Company resulting from the above resolutions of the General Meeting was approved by the Ministry of Development according to its decision No. Κ2-12125/13.10.2008.
The Board of Directors of the Athens Stock Exchange was informed during its meeting of October 23, 2008 on the above resolutions which resulted in the decrease of the Company's shares nominal value, following which the share capital of the Company currently amounts to Euro 12.060.183 divided into 40.200.610 common registered shares of a nominal value of Euro 0,30 each.
Following the above, the shareholders of the company on the closing of the trading day of October 29, 2008 shall be entitled to the return of capital amount (0,90 Euro per share). From the next trading day, October 30, 2008, the Company's shares shall be traded in the Athens Stock Exchange with a nominal value of Euro 0,30 per share and without the right to participate in the capital return. From the same date, October 30, 2008 the trading price of the shares shall be amended according to the Decision No. 26 of the Board of Directors of the Athens Stock Exchange as in force due to the return of capital by a decrease of the nominal value of the shares as above.
The return of capital shall be effected as of November 7, 2008 through Eurobank which shall pay the respective amount as follows:
1. Το the operators of the shareholders shares (custodians - brokers) if such a right has been granted to them.
2. To the shareholders directly through the Eurobank branches network, by presenting their indentification card as well as the details of their account in the Central Depository System, if applicable, and only if they have revoked the authorization from their operator to collect the return of capital amount.
The collection of the capital return from a third party is only possible provided such third party presents an authorisation with the full details of the shareholder (name, surname, father's name, Tax number and ID number), accompanied by a certification of the shareholder's signature from a competent authority.
For further information the shareholders of the Company may contact the Investor Relations Department of the Company (tel. 210 6165757 Mrs. Lillian Phillips).
On 13/10/2008 the amendment of the articles of association of the Company resulting from the above resolutions of the General Meeting was approved by the Ministry of Development according to its decision No. Κ2-12125/13.10.2008.
The Board of Directors of the Athens Stock Exchange was informed during its meeting of October 23, 2008 on the above resolutions which resulted in the decrease of the Company's shares nominal value, following which the share capital of the Company currently amounts to Euro 12.060.183 divided into 40.200.610 common registered shares of a nominal value of Euro 0,30 each.
Following the above, the shareholders of the company on the closing of the trading day of October 29, 2008 shall be entitled to the return of capital amount (0,90 Euro per share). From the next trading day, October 30, 2008, the Company's shares shall be traded in the Athens Stock Exchange with a nominal value of Euro 0,30 per share and without the right to participate in the capital return. From the same date, October 30, 2008 the trading price of the shares shall be amended according to the Decision No. 26 of the Board of Directors of the Athens Stock Exchange as in force due to the return of capital by a decrease of the nominal value of the shares as above.
The return of capital shall be effected as of November 7, 2008 through Eurobank which shall pay the respective amount as follows:
1. Το the operators of the shareholders shares (custodians - brokers) if such a right has been granted to them.
2. To the shareholders directly through the Eurobank branches network, by presenting their indentification card as well as the details of their account in the Central Depository System, if applicable, and only if they have revoked the authorization from their operator to collect the return of capital amount.
The collection of the capital return from a third party is only possible provided such third party presents an authorisation with the full details of the shareholder (name, surname, father's name, Tax number and ID number), accompanied by a certification of the shareholder's signature from a competent authority.
For further information the shareholders of the Company may contact the Investor Relations Department of the Company (tel. 210 6165757 Mrs. Lillian Phillips).