The Plastics of Crete company, with its announcement, states that the Regular General Meeting of its shareholders on 15.07.2022 decided to reduce the company’s share capital by the amount of 12,320,640 Euros. The reduction of the share capital will be carried out with a corresponding reduction of the nominal value of the share from 1.43 Euro to 0.98 Euro and a return of capital with a cash payment to the shareholders in the amount of €0.45 per share.
After the above reduction, the company’s share capital amounts to 26,831,616 Euros, divided into 27,379,200 registered shares, with a nominal value of 0.98 Euros. The Ministry of Development and Investments with its decision No. Prot. 2673298/ 04.08.2022 approved the amendment of the relevant article of the company’s Articles of Association.
The Corporate Transactions Committee of the A.A. at its meeting on 12.08.2022, it was informed about the reduction of the nominal value of the company’s shares, with a return of capital by cash payment to the shareholders in the amount of € 0.45 per share. Following the above, from 29.08.2022 the company’s shares will be tradable on the A.A. with the new nominal value, 0.98 Euro per share and without the right to participate in the return of capital by paying cash to the shareholders in the amount of € 0.45 per share.
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 the return of capital are the shareholders who will be registered in the records of S.A.T. of 30.08.2022 for the said listed company.
05.09.2022 is set as the start date for the repayment of capital. The cash payment for the amount of the capital return will start from 05.09.2022 and will be made through the National Bank of Greece.
Source: Capital
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