The Telecommunications Organization of Greece SA announces that the Extraordinary General Meeting of the Company’s shareholders, held on 18/01/2022, decided, in accordance with article 49 of Law 4548/2018, the cancellation of 8,638,512 own shares with a nominal value of € 2.83 each , with a consequent reduction of the share capital of the Company by € 24,446,988.96 and a corresponding amendment of article 5 (Share Capital) of its Articles of Association.
The above shares were acquired in the period from 01/05/2021 to 30/11/2021, with an average purchase price of € 15.28 per share, within the framework approved by the General Meeting of Shareholders (meeting of 20/02/2020 ) Own Shares Acquisition Program.
After the above reduction due to the cancellation of the own shares, the share capital of the Company now amounts to € 1,268,124,720.64 (from € 1,292,571,709.60 before the reduction) and is divided into 448,100,608 common registered shares (from 456,739 .120 before cancellation) nominal value € 2.83 each.
On 08/02/2022, with the decision No. 2576571 AP / 08-02-2022 of the Ministry of Development and Investment, which was registered in the General Commercial Register (G.E.M.I.) on the same day, the amendment of the article was approved 5 of the Articles of Association of the Company.
The Corporate Operations Committee of the Athens Stock Exchange was informed of this reduction during the meeting of 17/02/2022.
Following the above, the date of cancellation and delisting of the above 8,638,512 shares from the Athens Stock Exchange was set at 22/02/2022, the date from which their trading ceases.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
