ALAPIS SA (hereinafter the "Company" or "Alapis") announces that the 2nd Extraordinary General Meeting of its shareholders of 26.04.2011 approved the reduction of the share capital by the amount of €573,651,128.70 by reducing the nominal value of the existing shares from €12.00 to €0.30 per share and the transfer of the amount reduced to a special reserve in accordance with Article 4, paragraph 4a of Law 2190/1920, i.e. without a cash refund or increase of the existing number of shares and the issue of new bonus shares.
Following the aforementioned reduction, the Company's share capital amounts to €14,709,003.30, divided into 49,030,011 common registered shares of nominal value € 0.30 each.
The Ministry of Finance, Competition and Shipping by virtue of its decision No K2-4011/16.05.2011 approved the amendment of the Company's Article of Association. The ATHEX Board of Directors at its session dated 02.06.2011, was informed of the reduction of the nominal value of the Company's shares.
Following the above, as of Wednesday, June 8, 2011, the Company's shares will be traded on the Athens Exchange at the new nominal value of €0.30 per share.