MLS Innovation Inc. . announces that the Annual General Meeting of Shareholders, which was held on June 30, 2017, decided the reduction of the share capital of the Company by 745.020 euros with the purpose of capital return of the same amount to the shareholders.

The capital reduction will be accomplished through reduction of the nominal value of each Company share by 0.06 euro, namely from  0.37 euros  to 0.31 euros .. As a result, the Shareholders will receive 0.06 euro  capital return for each common share they hold. 

After the above share capital reduction, the share capital of the Company will amount to € 3.849.270, divided into 12.417.000 shares of a nominal value of €0.31 each,.

The Ministry of Development approved the amendment of article 5 of the Company's Charter of Association by its decision No 75477/06/7/2017.

The Comitee of Markets  of the Athens Stock Exchange was informed about the above reduction of the nominal value of the Company shares at its meeting on 26/07/2017. 

As announced through the Financial Calendar of the Company, the shares of the Company will be traded on the Athens Exchange, starting on August 28th, 2017, with the new nominal value of 0.31 euros  per share and without the right of Shareholders to receive 0.06 euro  capital return for each share they hold.

From the same above date, the upset price of the Company shares in the Athens Stock Market shall be formed in accordance with the Bylaws of Athens Stock Exchange, in combination with decision no. 26, issued by the BoD of the Athens Stock Exchange, as now in force.

Shareholders entitled to receive the capital return are those registered in the electronic registry of the Dematerialized Securities System (DSS) of the Company on August 29th, 2017 (“Record Date”) 

The capital return shall be increased by the sum corresponding to the treasury shares held by the Company and therefore, the final amount of capital return will be €0,06281 per share.
The Payment Date of the capital return will be Monday, 4 September 2017.

“PIRAEUS BANK ” acting as paying bank, as follows:
i. Through the DSS operators, to those Shareholders who have authorized their operators to receive payments.
ii. To those Shareholders who do not wish to receive payments through their DSS operators, through payment to the International Bank Account Number (IBAN), declared by the Shareholder, in accordance with Article 13 of the Rules of Operation of DSS and the decision no 6 of the BoD of the ATHEXCSD. This option is only applicable to investors who have indicated an IBAN with “PIRAEUS BANK .”.

Moreover, considering as aforementioned that the payment of the capital return will be funded by the Company's international liquidity, Shareholders can declare to the DSS, through their operator, that they forego use of any previously declared IBAN and advise the paying banks towards the use of any other IBAN of a bank account to which they are beneficiaries.
iii. Those Shareholders, who, for any reason, will not be able to receive the payment of the capital return as per cases i and ii, they will receive the payment through the branch network of  PIRAEUS BANK .
For the collection of payment through the branch network of the paying banks, Shareholders will be required to present their ID along with a printout of the Code number of Investor's Lot number (K.A.M.E. Code in DSS). 

Collection of payment by a third party is effected only after presenting an authorization that bears the complete details of both the beneficiary Shareholder, as well as of the authorized entity (name and surname, father's name, Identity card number, V.A.T. Reg nr.), with the beneficiary Shareholder's signature verified by the Police or any other competent Authority.

For any additional information, please contact the Shareholder Services Department (Mr G.Tachtalidis  tel: +30 2310 929090).