The increase of the share capital of the company by the amount of 7.6 million euros with capitalization of an equal part of the reserve from the issuance of equity shares and the issuance of 7,600,000 new Common Registered shares with voting right, nominal value of one euro (€ 1 each, which will be distributed free of charge to members of the Board of Directors and the staff of the company, decided the repeated Extraordinary General Meeting of Intracom held today.
The General Meeting was attended, in person or by proxy, by 31 shareholders representing a total of 23,762,843 Common Registered voting shares, out of a total of 76,000,000 Common Registered Shares, ie 31.27% of the paid-up capital of the Company.
It is noted that the Company holds 587,848 treasury shares which, according to article 50 of Law 4548/2018, are not calculated for the formation of a quorum and their rights to represent and vote at the General Meeting are suspended.
In particular, during the Assembly, decisions were discussed and decisions were taken on the 1st and 2nd item of the Agenda of the Invitation dated 18.03.2022, as follows:
On the first item of the Agenda: the General Meeting of Shareholders approved the free distribution to Members of the Board of Directors of the Company and its staff, in accordance with the provisions of article 114 of Law 4548/2018 and the framework of the current Policy Remuneration of the Members of the Board of the Company, to reward their offer in the smooth and efficient operation of the Company and the achievement of specific goals.
The above shares will come from the capitalization of part of the reserve from the issue of equity shares, amounting to € 7,600,000 with the issuance of 7,600,000 new Common Registered Shares after voting rights, with a nominal value of € 1.00 each.
Also, the General Meeting of Shareholders authorized the Board. of the Company, in order to determine the beneficiaries of the above free shares as well as the terms and criteria for their disposal, indicative parameters such as the degree of responsibility of each beneficiary, his participation and contribution to the achievement of specific goals.
Number of shares for which valid votes were cast: 23,762,843
Capital ratio represented by these votes: 31.27%
Total number of valid votes: 23,762,843
Number of votes in favor: 23,232,744 (97.77%)
Number of votes Against: 530,099 (2.23%)
Number of votes Abstention: 0 (0.00%)
On the second item of the Agenda: the General Meeting of Shareholders approved the increase of the share capital of the Company in the amount of € 7,600,000.00 with a capitalization of an equal part of the reserve from the issuance of premium shares and the issuance of 7,600,000 new Common Registered Shares of the Company after voting rights, with a nominal value of one euro (€ 1) each.
The new shares of the Company resulting from the above share capital increase will be distributed free of charge to Members of its Board of Directors and its staff, in accordance with article 114 of Law 4548/2018.
Following the above, the share capital of the Company will amount to € 83,600,000.00, divided into 83,600,000 Common Registered, voting shares, with a nominal value of € 1.00, each.
The General Meeting of Shareholders also approved the corresponding amendment of article 5 of the Articles of Association, regarding the share capital of the Company.
Number of shares for which valid votes were cast: 23,762,843
Capital ratio represented by these votes: 31.27%
Total number of valid votes: 23,762,843
Number of votes in favor: 23,232,744 (97.77%)
Number of votes Against: 530,099 (2.23%)
Number of votes Abstention: 0 (0.00%)
Source: Capital
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