Extraordinary General Meeting of the shareholders of Frigoglass, with the object – among others – the reduction of the share capital of the company by 14.27 million euros, to offset losses, by reducing the nominal value of each share from 0.10 euros to 0.06 euros, convenes the Board of the company for December 14.
“Following a decision of the Board of Directors of the Company, which was taken on November 23, 2021, at its meeting number 616 and in accordance with the provisions of Law 4548/2018 and article 15 of the Company’s Articles of Association, Messrs. Shareholders of the societe anonyme with the name “FRIGOGLASS REFRIGERATOR INDUSTRY SOCIETE ANONYME INDUSTRIAL AND COMMERCIAL COMPANY” and the distinctive title “FRIGOGLASS ABEE” on the and will be carried out remotely, either in real time by teleconference and without the physical presence of each shareholder at the venue, or by letter voting with the following items on the agenda:
1. Approval of the new Remuneration Policy in accordance with articles 110 and 111 of Law 4548/2018.
2. Approval of the updated Suitability Policy of the members of the Board of Directors in accordance with article 3 of Law 4706/2020.
3. Reduction of the share capital of the Company by € 14,217,510.04 to the amount of € 21,326,265.06, with a reduction of the nominal value of the total of 355,437,751 shares of the Company from € 0.10 to € 0.06, in accordance with article 31 of Law 4548/2018, in order to form an equal amount of special reserve to offset losses and a corresponding amendment of article 3 of the Company’s Articles of Association “.
Source From: Capital