DECISIONS OF THE EXTRAORDINARY GENERAL MEETING
ANNOUNCEMENT
DECISIONS OF THE EXTRAORDINARY GENERAL MEETING
OF SHAREHOLDERS OF 2nd NOVEMBER, 2011
The Extraordinary General Shareholders' Meeting of Attica Holdings S.A. took place on 2nd November, 2011. Shareholders of 179,624,052 shares or 93.72% of the totality of registered shares were present at the meeting.
The Extraordinary General Meeting decided on the following:
1. Approved unanimously the decrease of the Company's Share Capital through the reduction of the share par value from Euro 0.83 to Euro 0.30 per share and the formation of special reserves, as per article 4 of Common Law 2190/1920.
2. Approved unanimously the increase of the Company's share capital in cash by issuing 81,455,636 new common registered shares with priority rights to existing shareholders. The exchange ratio is 17 new shares for every 40 old shares and the selling price of the new shares was determined at Euro 0.30 per share.
The General Assembly also approved the Board's proposition that the funds to be raised will be used for working capital needs of the Group, and authorized the Board to proceed with all the issues of the Company's capital increase, as required.
Athens,3rd November, 2011
For more information please contact:
Attica Group
Yannis Criticos
Tel.: +30 210 891 9500
Fax : +30 210 891 9509
e-mail: ir@attica-group.com