Industrial area of Sindos – Thessaloniki, June 23rd, 2021
Subject: Determination of the Issue Price of the new shares in the context of the Share Capital increase with cash payment and pre-emptive right in favor of the old shareholders
The Limited Company under the name “ELGEKA S.A. TRADE – DISTRIBUTIONS -REPRESENTATIONS – INDUSTRY”, (hereinafter the “Company”) announces that its Board of Directors at its meeting on 23.06.2021 decided, inter alia, the following:
Regarding the increase of the share capital of the Company up to the amount of € 6.854.658,48 with cash payment and pre-emptive right in favor of its old shareholders, according to article 26 of L. 4548/2018, as in force, and the issuance of up to 28.561.077 new common registered voting shares with a nominal value of € 0,24 each, in a ratio of nine (9) new shares for every ten (10) old shares (hereinafter the “New Shares“) decided by Extraordinary General Meeting of Shareholders of 11.12.2020 of the Company and subsequent authorization of the above General Meeting to the Board of Directors of the Company to determine the issue price of the New Shares (and therefore the total funds raised from the increase, as will be formed), the Board of Directors determined the issue price at thirty eight cents of Euro (€ 0,38) per New Share (hereinafter the “Issue Price”).
After the above increase and in case it is fully covered, the amount of the nominal increase of the share capital of the Company will amount to € 6.854.658,48 and will be collected with the issuance of 28.561.077 new registered voting shares of nominal value € 0,24 each.
Based on the Issue Price of the New Shares, the total funds raised, in case the increase is fully covered, will amount to ten million eight hundred fifty-three thousand two hundred nine Euro and twenty-six cents (€ 10.853.209,26). The difference between the nominal value of the New Shares and the Issue Price, in case the increase is fully covered, of a total amount of three million nine hundred ninety-eight thousand five hundred fifty Euro and seventy-eight cents (€ 3.998.550,78) will be credited to the account “Difference from the issue of equity shares above par”.
The record date of the pre-emptive right, the exercise period of the pre-emptive right and pre-registration and the trading period of the pre-emptive right on the ATHEX, will be announced to the investing public with a newer announcement, as required.
For more information, the Shareholders may contact the Investor Relations Department of the Company (tel. 2310-779726, Ms. Sofronia Koukouli).
