With the new nominal value of €0.57 per share and without the right to participate in the return of capital by paying cash to shareholders in the amount of €0.57 per share, they will be traded on A.A. from Tuesday, September 6, 2022 (cut-off date) the shares of GEK TERNA S.A. as announced today by the listed company.
From the same date, the starting price of the Company’s shares on the A.A. will be formed in accordance with the Regulations of the Athens Stock Exchange in conjunction with the decision no. 26 of the Board of Directors. of A.A. as applicable.
Beneficiaries of capital return are the shareholders who will be registered in the records of S.A.T. on Wednesday, September 7, 2022 (date of determining the beneficiaries – record date).
Tuesday, September 13, 2022 has been set as the starting date for the payment of the capital return and will be carried out by the paying bank “BANK OF PIRAEUS SA.” which will pay the capital return amount as follows:
Through the Participants of the beneficiaries in the S.A.T. (Banks, custodians and brokerage firms), in accordance with the current Operating Regulations of EL.K.A.T. and the relevant decisions of ATHEXCSD.
Especially in the cases of capital refunds to heirs of deceased beneficiaries, whose titles are kept in the Special Account of their Share in S.A.T., under the management of ATHEXCSD, the process of paying the amount of capital refund will be carried out after the completion of legalization of the heirs through the “BANK OF PIRAEUS SA” branch network. for five (5) years from the end of the current year (ie until December 31, 2027).
It is noted that “GEK TERNA S.A.” on June 28, 2022 informed the Investor Public about the decision of the Ordinary General Meeting of Shareholders of June 28, 2022 to increase the Company’s share capital, by the amount of €12,410,794.92 by capitalizing part of the special reserve from the issue of shares premium with an increase in the nominal value of the share from €0.57 to €0.69 and a simultaneous reduction of the share capital by the amount of €12,410,794.92 with a corresponding reduction in the nominal value of each share from €0.69 to €0.57 and the return of the amount of the reduction, €0.12 per share, to the Shareholders and announces that:
On July 25, 2022, it was registered in the General Commercial Register (G.E.MH.) under no. Prot 2664931 Decision of the Ministry of Development and Investments – General Secretariat of Commerce, which approved the amendment of par. 1 of article 5 of the Company’s Articles of Association as a result of the increase and decrease of the share capital.
The Corporate Transactions Committee of the Athens Exchange, at its meeting on August 12, 2022, was informed of the increase and decrease in the nominal value of the Company’s shares, as a result of which the Company’s share capital amounts to a total of fifty-eight million nine hundred fifty-one thousand two hundred seventy-five euros and eighty-seven cents (€ 58,951,275.87) and is divided into one hundred three million four hundred and twenty-three thousand two hundred and ninety-one (103,423,291) common voting registered shares, with a nominal value of fifty-seven euro cents (0.57 €) each.
Investors interested in more information can contact the Company’s Shareholder Service Department on tel. 210 6968457 during working days and hours.
Source: Capital
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