General Shareholders’ Meeting decisions
We would like to inform you that the First Repeat Extraordinary General Shareholder’s Meeting of the Company ALPHA TRUST- ANDROMEDA S.A. was held on 10.12.18 at 09:30:00 AM at the Company’s offices (21 Tatoiou str, Kifissia). The Shareholder’s Meeting was attended by 54 shareholders or their representatives holding 268.891 shares, thus forming a quorum with a percentage of 64,39% of the Company’s share capital.
The issues on the agenda which were discussed are the following:
- Decrease of the Company’s share capital with the purpose of remission of own shares through their cancellation and modification of article 5 of the Articles of Association.
- Change of the duration of the Company and modification of Article 4 of the Articles of Association.
- Various announcements.
Regarding the first issue, the General Shareholder’s Meeting unanimously approved with 268.891 votes (100% of the present and represented shareholders):
- The decrease of the Company’s share capital by the amount of euro 263,552.00 through cancellation of 16,472 own shares of a nominal value of euro 16.00.
The amount of euro 26,385.32 resulting from the difference between the acquisition cost and the nominal value of these shares is transferred to “Retained Earnings”.
- The amendment of par. 1 of article 5 of the Company’s Articles of Association, as follows:
The Company’s First Repeat Extraordinary General Shareholders Meeting dated 10.12.2018 approved the decrease of the Company’s share capital by the amount of two hundred sixty three thousand five hundred and fifty two (263,552.00) euro via cancellation of sixteen thousand four hundred and seventy two (16,472) own shares of the Company, of a nominal value of sixteen euro (16.00) each.
Thus, the Company’s share capital amounts to six million, four hundred eighteen thousand, one hundred and seventy six (6,418,176.00) euro divided into four hundred one thousand, one hundred and thirty six (401,136) common registered shares, of a nominal value of sixteen euro (16.00) each.
On the second issue, the General Meeting, with 223.257 votes in favour (percentage 83,03% of the present and represented shareholders) and 45.634 votes against (percentage 16,97% of the present and represented shareholders), approved:
a) The extension of the Company’s duration until 31.12.2022.
b) The amendment of par. 1 of article 4 of the Company’s Articles of Association, as follows:
The duration of the company is fixed to fifty (50) years beginning with the registration in the Limited Companies Records of the administrative decision regarding the issue of the company’s establishment permit and approval of its articles of association.
By the resolution dated 4.12.2012 of the First Repeat Extraordinary General Shareholders Meeting, the duration of the Company was fixed until 31.12.2019 and then by the 10.12.2018 decision of the First Repeat Extraordinary General Shareholders Meeting, the duration of the Company was further extended and set until 31.12.2022.
The duration of the company may be extended or shortened by resolution of the General shareholders Meeting, passed pursuant to articles 27, par. 3 and 4 and 28 par. 2 of the articles of association and the amendment of this article.
Kifissia, December 10, 2018