Plastics of Crete: AMK was approved by EGS

The General Meeting of the shareholders of Plastics Crete approved the increase of the share capital of the company with capitalization of profits in a new way, as mentioned in a corporate announcement.

More specifically, “Societe Anonyme” PLASTIKA KRITIS SA “, within the framework of its obligations deriving from the ATHEX operating regulations, informs the investing public that on December 16, 2021 at 13:00 at its offices in the Industrial Area Heraklion, the Extraordinary General Meeting of its Shareholders took place, according to the invitation of its Board of Directors dated 25/11/2021.The General Meeting was attended in person or by a representative of the shareholders representing 25,106,903 shares and votes, for a total of 27,37,200 of shares, ie a percentage of representation of 91.701% of the share capital of the Company and after the quorum and majority required by Law and the Articles of Association were collected, the Chairman of the General Meeting was appointed the Chairman of the Board Mr. Ioannis Lempidakis and the Secretary Mr. Nikolaos Myrtakis and then the following item of the agenda was discussed and voted, as follows: Subject: – Increase of the share capital of the Company with capital new profits, by increasing the nominal value of the share and amending Article 5 of the Articles of Association.

The General Meeting with 25,106,903 valid votes corresponding to 91.701% of the paid-up share capital of the Company approved the increase of the share capital of the Company by 18,617,856 euros with capitalization of new profits and the increase of its nominal value with 0 , 68 euros so the nominal value of the share will rise to 1.43 euros. After these, the share capital of the Company will amount to 39,152,256 euros and consists of 27,379,200 shares with a nominal value of 1.43 euros. The General Meeting then decided, with 25,106,903 valid votes corresponding to 91.701% of the paid-up share capital, to amend Article 5 of the Articles of Association with the following addition to its text:

“…… With the decision of the Extraordinary General Meeting of 16.12.2021, the share capital of the Company increased by eighteen million six hundred seventeen thousand eight hundred fifty six euros (18,617,856) with a new capitalization of profits of 0.68 euros per share and increase of the nominal value of the share from 0.75 euros to 1.43 euros, thus the Share Capital of the Company amounts to thirty-nine million one hundred fifty-two thousand two hundred fifty-six euros (39,152,256) and is divided into twenty-seven million three hundred seventy-nine thousand two hundred (27,379,200) registered shares with a nominal value of 1.43 euros each. ”

Number of shares for which valid votes were cast: 25,106,903 Percentage of the share capital: 91.701% Valid: 25,106,903 Voting on the valid ones: For: 25,106,903 Against: 0 White / Abstention: 0 “.