ΕΛΓΕΚΑ Α.Ε.
Information Regarding Obligation of Shareholders and Other Persons In Accordance With Law 3556/2007
Information regarding obligation of shareholders and other persons in accordance with Law 3556/2007, ELGEKA S.A. in order to inform and facilitate the investing public, notifies of information regarding the obligation and the procedure of publication of major holdings, according to the provisions of Law 3556/2007 (hereinafter referred to as "Law"), the provisions of the Hellenic Capital Market Commission Board of Directors decision No 1/434/3.7.2007 (hereinafter referred to as "Decision") and the relevant clarification of the Hellenic Capital Market Commission Circular no 33 (hereinafter referred to as "Circular").
In order to calculate and determine the limits of acquiring or disposing major holdings from shareholders or persons with voting rights, ELGEKA S.A. informs the public that the share capital amounts to fifty one million ninety nine thousand two hundred forty eight Euros (51.099.248,00) divided to thirty one million nine hundred thirty seven thousand thirty (31.937.030) common registered shares with voting rights, and nominal value euro 1,60 each.
Specifically, according to the Law, it constitutes individual obligation of a) each shareholder of company, whose shares had been listed, who acquires or disposes shares with voting rights and as a result of their acquisition or disposal the percentage of voting rights held, reaches, exceeds or falls bellow the limits of 5%, 10%, 15%, 20%, 1/3, 50% and 2/3 or provided that the percentage of the voting rights held exceeds 10% and makes a change equal to or greater than 3% of the total voting rights of the listed company, and b) of each person (shareholder or not) who is entitled to acquire, dispose or exercise voting rights and due to this acquisition, disposal or exercise, the voting rights that this person holds reaches, exceeds or falls bellow the above mentioned limits, to inform at the same time both the company and the Hellenic Capital Market Commission, as soon as possible and in any case no later that three (3) day of trading, with the first day being the following from the date that the person was notified of their acquisition, disposal or their possibility of exercising the voting rights.
In order to facilitate the monitoring of the days of negotiation, the Capital Market Commission publishes in their website www.cmc.gov.gr the timetables of negotiated days of organized Greek markets.
The notifications should include the following information: a) the percentage of the voting rights held due to the acquisition or disposal, b) the chain of controlled undertakings through which the voting rights are essentially held, provided that this situation applies, c) the date on which the percentage of voting rights reached, exceeded or fell down the limits, d) the identity of the shareholders, even if the person is not entitled to exercise voting rights, as well as the person that is entitled to exercise voting rights on behalf of the said shareholder.
The notification should be realized with the submission to our Company and to the Hellenic Capital Market Commission of the TR-1 notification, which can be found at our website, legally singed by the person subject to the notification obligation or other person legally authorized, and in case that the latter is a legal entity, by its legal representative.
The annex that accompanies the TR-1 form, and which is filled out by the persons subject to the notification obligation with their personal details, is submitted only to the Hellenic Capital Market Commission. The person that fills out the form is responsible for the proper completion and shall be liable for any inaccuracies or omissions.
The TR-1 form, legally signed, should be submitted to:
- the Head Office of our Company, at Echedoros Municipality, DA 13, block 31-Phase B, p.c. 57022, Industrial area of Sindos, Thessaloniki, Shareholders Department (tel: 2310-779 713) during working hours and days or via fax to the following number (fax: 2310-752 335) and - to the central registry of the Hellenic Capital Market Commission at 1 Kountouriotou and Stadiou str, 10562 Athens, addressed to the Directorate of Public Offerings and Supervision of Listed Companies, and should be marked "Notification of significant change to voting rights according to the Law 3556/2007".
The submission can be realized via fax to the following number (210-3377 243). It should be clarified that in case of a notification sent by fax, the TR-1 form should be accompanied by a cover sheet that contains the details of the sender, signature, contact details and the number of the pages sent.
The person subject to the above mentioned obligations should ensure the successful dispatch and receipt of the related documentation by the company' s Shareholders Department as well as by the registry service of the Hellenic Capital Market Commission.
Finally, it should be noted that according to the article 26 of the Law, in the event of violation of the provisions of the Law and Decisions issued in its power, the Hellenic Capital Market Commission may issue a reprimand or impose a fine up to euro 1.000.000. The same article of the Law details the factors taken into account for determining the fine.
For further information on the above, we have posted the TR-1 notification form of significant transaction "Notification form TR-1".
In order to calculate and determine the limits of acquiring or disposing major holdings from shareholders or persons with voting rights, ELGEKA S.A. informs the public that the share capital amounts to fifty one million ninety nine thousand two hundred forty eight Euros (51.099.248,00) divided to thirty one million nine hundred thirty seven thousand thirty (31.937.030) common registered shares with voting rights, and nominal value euro 1,60 each.
Specifically, according to the Law, it constitutes individual obligation of a) each shareholder of company, whose shares had been listed, who acquires or disposes shares with voting rights and as a result of their acquisition or disposal the percentage of voting rights held, reaches, exceeds or falls bellow the limits of 5%, 10%, 15%, 20%, 1/3, 50% and 2/3 or provided that the percentage of the voting rights held exceeds 10% and makes a change equal to or greater than 3% of the total voting rights of the listed company, and b) of each person (shareholder or not) who is entitled to acquire, dispose or exercise voting rights and due to this acquisition, disposal or exercise, the voting rights that this person holds reaches, exceeds or falls bellow the above mentioned limits, to inform at the same time both the company and the Hellenic Capital Market Commission, as soon as possible and in any case no later that three (3) day of trading, with the first day being the following from the date that the person was notified of their acquisition, disposal or their possibility of exercising the voting rights.
In order to facilitate the monitoring of the days of negotiation, the Capital Market Commission publishes in their website www.cmc.gov.gr the timetables of negotiated days of organized Greek markets.
The notifications should include the following information: a) the percentage of the voting rights held due to the acquisition or disposal, b) the chain of controlled undertakings through which the voting rights are essentially held, provided that this situation applies, c) the date on which the percentage of voting rights reached, exceeded or fell down the limits, d) the identity of the shareholders, even if the person is not entitled to exercise voting rights, as well as the person that is entitled to exercise voting rights on behalf of the said shareholder.
The notification should be realized with the submission to our Company and to the Hellenic Capital Market Commission of the TR-1 notification, which can be found at our website, legally singed by the person subject to the notification obligation or other person legally authorized, and in case that the latter is a legal entity, by its legal representative.
The annex that accompanies the TR-1 form, and which is filled out by the persons subject to the notification obligation with their personal details, is submitted only to the Hellenic Capital Market Commission. The person that fills out the form is responsible for the proper completion and shall be liable for any inaccuracies or omissions.
The TR-1 form, legally signed, should be submitted to:
- the Head Office of our Company, at Echedoros Municipality, DA 13, block 31-Phase B, p.c. 57022, Industrial area of Sindos, Thessaloniki, Shareholders Department (tel: 2310-779 713) during working hours and days or via fax to the following number (fax: 2310-752 335) and - to the central registry of the Hellenic Capital Market Commission at 1 Kountouriotou and Stadiou str, 10562 Athens, addressed to the Directorate of Public Offerings and Supervision of Listed Companies, and should be marked "Notification of significant change to voting rights according to the Law 3556/2007".
The submission can be realized via fax to the following number (210-3377 243). It should be clarified that in case of a notification sent by fax, the TR-1 form should be accompanied by a cover sheet that contains the details of the sender, signature, contact details and the number of the pages sent.
The person subject to the above mentioned obligations should ensure the successful dispatch and receipt of the related documentation by the company' s Shareholders Department as well as by the registry service of the Hellenic Capital Market Commission.
Finally, it should be noted that according to the article 26 of the Law, in the event of violation of the provisions of the Law and Decisions issued in its power, the Hellenic Capital Market Commission may issue a reprimand or impose a fine up to euro 1.000.000. The same article of the Law details the factors taken into account for determining the fine.
For further information on the above, we have posted the TR-1 notification form of significant transaction "Notification form TR-1".