Athens, Greece. ALAPIS SA, (hereinafter the "Company" or "Alapis"), announces that according to par. 5, article 9 of L. 3556/30.04.2007 and in order to facilitate the calculation and the determination of the limits for acquiring or selling significant participation by shareholders or voting rights holders, the stock reverse split was completed on May 19, 2011.
Secifically, the increase the nominal value of the shares from €2.40 to €12.00 was completed with the simultaneous reduction of the total outstanding number of existing shares from 245,150,055 to 49,030,011, pro rata 1 new share for every 5 old shares.
The trading of the new 49,030,011 common registered shares commenced on May 19, 2011 and since then, the Company's share capital amounts to €588,360,132 divided into 49,030,011 common registered shares of nominal value € 12.00 each.
For any further clarifications, please contact our Investor Relations department
Tel: +30 213 0175056
E-mail: ir@alapis.eu