F.G. EUROPE Α.Ε.
Announcement
F.G. EUROPE Group's subsidiary company R.F. ENERGY S.A. proceeded with an increase of shareholders equity in the amount of Euro 14 million, with a view to effecting its investment plans.
F.G. EUROPE Management, taking current financial markets' adversities into consideration, decided not to participate in said increase. F.G. EUROPE's respective rights will be transferred to and exercised by another company, directly held by Mr. Georgios Fidakis, who is a main shareholder of R.F. ENERGY, thus retaining the current F.G. EUROPE - G. Fidakis / Restis Family ratio to 50%/50%.
F.G. EUROPE's decision not to participate to the share capital increase of R.F. ENERGY S.A. shall accordingly reduce F.G. EUROPE's participation to 30%, as opposed to 40% presently. Nevetheless, F.G. EUROPE shall continue holding management of R.F. ENERGY S.A. and controlling the majority of the members of the board of directors, whereas R.F. ENERGY's financial statements shall continue being consolidated with F.G. EUROPE's financial statements.
F.G. EUROPE Management, taking current financial markets' adversities into consideration, decided not to participate in said increase. F.G. EUROPE's respective rights will be transferred to and exercised by another company, directly held by Mr. Georgios Fidakis, who is a main shareholder of R.F. ENERGY, thus retaining the current F.G. EUROPE - G. Fidakis / Restis Family ratio to 50%/50%.
F.G. EUROPE's decision not to participate to the share capital increase of R.F. ENERGY S.A. shall accordingly reduce F.G. EUROPE's participation to 30%, as opposed to 40% presently. Nevetheless, F.G. EUROPE shall continue holding management of R.F. ENERGY S.A. and controlling the majority of the members of the board of directors, whereas R.F. ENERGY's financial statements shall continue being consolidated with F.G. EUROPE's financial statements.