On 18.01.2011, the postponed 2nd reiterative general meeting of the shareholders of the company "AVENIR LEISURE & ENTERTAINMENT INFORMATICS S.A", registered in Athens (5, Koumpari str, Kolonaki), legally represented with VAT number: 094248736, was held with the following daily agenda:
1. Increase of each share's nominal value from 0, 51 euro to 1,02 euro with simultaneous decrement of the company's number of shares (reverse split) with a ratio 2/1, videlicet decrement of the shares' number from 105.423.498 shares to 52.711.749 shares and with respective amendment of article 5 of the company's memorandum of association.
2. Various news and announcements.
During the general meeting ten shareholders attended, representing 50.660.047 shares and votes, out of a total of 105.423.498 shares and votes, scilicet 48,054% of the company?s share capital, obtaining the following decisions:
Concerning the first issue of the daily agenda, the majority of the shareholders voted against the proposal of the BoD regarding the reverse split.
In particular, shareholders representing 43.251.864 shares, scilicet 85,38% of the shareholders who attended the general meeting, voted against the above mentioned proposal, whilst shareholders representing 7.408.183 shares, scilicet 14,62% of the shareholders who attended, voted for the above mentioned proposal.
Therefore, it is essential to point out that the nominal value and the number of the shares will not be altered.
Finally, during the general meeting the BoD of the company informed the shareholders regarding various company issues and affairs.