It is announced by the company “FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME” that the General Meeting of its shareholders that took place on 20-6-2014
A) decided the increase of the company’s share capital by the amount of EUR 50,211,157.50 through capitalization of capital reserves above par value amounting to EUR 50,211,157.50 and its simultaneous and equal (in the above amount of EUR 50,211,157.50) reduction.
The simultaneous increase and decrease of the share capital is taking place by way of respective increase and decrease of the nominal value per share from € 0.30 to € 1.05 and simultaneous decrease from € 1.05 to €0.30 per share and capital return in cash to the shareholders amounting to € 0,75 per share.
After the above increase and decrease, the share capital amounts to EUR 20.084.463, divided into 66,948,210 common registered voting shares with a nominal value of € 0.30. The Ministry of Development by virtue of K2-3572 / 17-07-2014 (ΑΔΑ: 7Τ3ΚΦ-ΣΔΗ) decision approved the amendment of the related article of the Articles of Association of the company.
The Directing Committee of the Athens Exchange at its meeting on 24-7-2014 was informed about the increase and decrease of the nominal value of the shares by way of a capital return to the shareholders in cash amounting to € 0,75 per share. Following the above, as of 23-9-2014 the company's shares will be traded on the ASE under the new nominal value of € 0.30 per share without a right to the capital return.
On the same date, the starting price of the shares on the Athens Stock Exchange will be adjusted according to the Regulation of the Athens Stock Exchange in conjunction with its Board decision under number 26 ASE as applicable.
Beneficiaries of the capital return are the shareholders who will be registered in the DSS on September 25th, 2014. The cash deposit regarding the amount of the share capital return will start from the 30/9/2014 and will be paid through the Piraeus Bank as follows:
1. By the Operators of the eligible shareholders, if they have granted the right to collect.
2. Through credit of their account in Piraeus Bank if the shareholders have appointed such bank as the operator in DSS.
3. Through the branch network of Piraeus Bank to the shareholders who have not requested receipt by their Operator or whose shares are kept in The Special Account of Greek Stock Exchanges or regarding the shares held in accounts of investors that have not appeared. For the collection of the cash from the branch network of Piraeus Bank, the presentation of an identification card and printout of the ISCN (Investor Share Code Number with DSS) are required. The payment to a third person will be conducted only by the submission of proxy, which will include full details of both the shareholder, and the authorized person (name, surname, ID & TAX REGISTRATION NUMBER), certified for the original signature by a Police Department or other Legal Authority.
After five years from the payment date, i.e. following five years from 29.09.2014, the capital return in cash will be paid only at the company's offices, 23 km Athens-Lamia Highway, 145 65 Agios Stefanos, Attica.
B) Change of the Company’s distinctive title from “Folli Follie Group” to “FF Group”. The Ministry of Development by virtue of under number K2-3572 / 17-07- 2014 (ΑΔΑ : 7Τ3ΚΦ-ΣΔΗ) decision approved the amendment of the related article of the Articles of Association of the company.
The Directing Committee of the Athens Stock Exchange in its meeting on July 24th, 2014 was informed about the above decision. Following the above, according to the company's decision, as of July 29th, 2014 the distinctive title of the company on the Athens Stock Exchange changes from «Folli Follie Group» to «FF Group» (used in both Greek and English language).
For further information, shareholders may contact the company’s Investor Relations department (tel. 210-6241000, Mantalena Kasidiaropoulou).