CARS MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COMPANY S.A
Annulment of Own Shares
The Company under the trade name MOTORCYCLES & MARINE ENGINE TRADE AND IMPORT COMPANY S.A. and with the discretionary title MOTODYNAMICS S.A., informs all investors, that the Extraordinary General Meeting of Shareholders of the Company- that took place on 26th October 2010-, decided among other matters the reduction of the Share Capital by 76.700 euros, by decreasing the total number of shares from 5.130.000 to 5.000.000 common shares, because of the annulment of 130.000 own shares, according to article 16 of Law 2190.
The above mentioned 130.000 shares were bought during the period of 06.10.2008 and 15.10.2010, in execution of the decisions taken from the General Meetings of Shareholders on 30.05.2008 and 23.04.2010, as well as the decision of the Board of Directors of the Company taken on 06.10.2008.
After the pre-described reduction, the Companys Share Capital will amount to Euros 2.950.000, divided into 5.000.000 common shares, of nominal value 0,59 Euros each.
On 12.11.2010 the Company registered in the General Secretariat of Commerce and Consumer Protection for Company Registration the Nr. Κ2 - 10441 decision of the Minister of Economy, Competitiveness and Shipping, that granted approval of the relevant article of the Association of the Company.
On 18.11.2010 the Athens Stock Exchange got informed for the reduction of the Share Capital due to the annulment of the Companys shares. Subsequently, by decision of MOTODYNAMICS S.A. the Company states, that from 24.11.2010 the 130.000 shares seize to be in trade, due to their annulment.
For further information, investors are kindly requested to refer to the Investor Relations Dept. of the Company, situated at Aspropyrgos, position Kyrillos, and in specific to Mr. Christos Bonanos, tel. 210 6293-583.
The above mentioned 130.000 shares were bought during the period of 06.10.2008 and 15.10.2010, in execution of the decisions taken from the General Meetings of Shareholders on 30.05.2008 and 23.04.2010, as well as the decision of the Board of Directors of the Company taken on 06.10.2008.
After the pre-described reduction, the Companys Share Capital will amount to Euros 2.950.000, divided into 5.000.000 common shares, of nominal value 0,59 Euros each.
On 12.11.2010 the Company registered in the General Secretariat of Commerce and Consumer Protection for Company Registration the Nr. Κ2 - 10441 decision of the Minister of Economy, Competitiveness and Shipping, that granted approval of the relevant article of the Association of the Company.
On 18.11.2010 the Athens Stock Exchange got informed for the reduction of the Share Capital due to the annulment of the Companys shares. Subsequently, by decision of MOTODYNAMICS S.A. the Company states, that from 24.11.2010 the 130.000 shares seize to be in trade, due to their annulment.
For further information, investors are kindly requested to refer to the Investor Relations Dept. of the Company, situated at Aspropyrgos, position Kyrillos, and in specific to Mr. Christos Bonanos, tel. 210 6293-583.