ALAPIS Α.Β.Ε.Ε.
Announcement regarding the listing of shares, from the Company's stock reverse split
ALAPIS SA, ("Alapis" or the "Company") informs the investor community that the Company's Extraordinary General Shareholders meeting that took place on 04.04.2011, resolved the increase of the nominal value of each share from €2.40 to €12.00 and at the same time the reduction of the total number of existing shares from 245,150,055 to 49,030,011 common registered shares (reverse split), with a ratio of 1 new share in replacement of 5 existing shares.
Pursuant to the above, the company's share capital amounts to €588,360,132, divided into 49,030,011 shares of nominal value €12.00 per share. On 18.04.2011 the Ministry of Finance, Competition and Shipping decision No Κ2-3453 which approved the amendment of the respective articles of the Company's Articles of Association, was registered with the Prefecture of Athens Registry of Public Companies.
The Athens Exchange ("ATHEX"), at its session on Friday, 6 May 2011, approved the listing of the aforementioned 49,030,011 new common registered shares each with a nominal value of €12.00 in replacement of the existing common registered shares.
Further to the Company's decision the last trading day of the 245,150,055 existing common registered shares on the Athens Exchange will be Wednesday, 11 May 2011. As of the next trading day Thursday, 12 May 2011, the trading of the Company's shares will cease temporarily in order to complete the replacement process, pursuant to the above.
The beneficiaries of the above corporate action will be the shareholders who will be registered with the Dematerialized Securities System archives in relation to the aforementioned listed company as at Monday, 16 May 2011.
The first trading day of the 49,030,011 new shares with the new nominal value €12.00 per share on the ATHEX will be Thursday, 19 May 2011. As of that date the new total number of outstanding shares listed on the ATHEX will amount to 49,030,011 common registered shares. The initial share price on the ATHEX will be determined according to the ATHEX Rulebook, as well as the prevailing ATHEX BoD decision No 26 and the new shares will be credited to the Shareholders' Share account and Securities Account registered with the DSS. ________________________________________
For any further information or inquiries you may contact the Investor Relations Department
Tel: +30 213 0175056
E-mail: ir@alapis.eu
Pursuant to the above, the company's share capital amounts to €588,360,132, divided into 49,030,011 shares of nominal value €12.00 per share. On 18.04.2011 the Ministry of Finance, Competition and Shipping decision No Κ2-3453 which approved the amendment of the respective articles of the Company's Articles of Association, was registered with the Prefecture of Athens Registry of Public Companies.
The Athens Exchange ("ATHEX"), at its session on Friday, 6 May 2011, approved the listing of the aforementioned 49,030,011 new common registered shares each with a nominal value of €12.00 in replacement of the existing common registered shares.
Further to the Company's decision the last trading day of the 245,150,055 existing common registered shares on the Athens Exchange will be Wednesday, 11 May 2011. As of the next trading day Thursday, 12 May 2011, the trading of the Company's shares will cease temporarily in order to complete the replacement process, pursuant to the above.
The beneficiaries of the above corporate action will be the shareholders who will be registered with the Dematerialized Securities System archives in relation to the aforementioned listed company as at Monday, 16 May 2011.
The first trading day of the 49,030,011 new shares with the new nominal value €12.00 per share on the ATHEX will be Thursday, 19 May 2011. As of that date the new total number of outstanding shares listed on the ATHEX will amount to 49,030,011 common registered shares. The initial share price on the ATHEX will be determined according to the ATHEX Rulebook, as well as the prevailing ATHEX BoD decision No 26 and the new shares will be credited to the Shareholders' Share account and Securities Account registered with the DSS. ________________________________________
For any further information or inquiries you may contact the Investor Relations Department
Tel: +30 213 0175056
E-mail: ir@alapis.eu