Increase / decrease of the share capital and distribution of untaxed reserves
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 euros to 0,49821526131 euros and simultaneous decrease from 0,49821526131 Euro to 0.30 Euro per share and capital return in cash to the shareholders amounting to € 0,19821526131 per share.
After the above increase and decrease, the share capital of the company amounts to EUR 20.084.463, divided into 66.948.210 common registered voting shares with a nominal value of 0.30 Euro.The Ministry of Development by virtue of 88614/02-09-2015 decision has approved the increase and simultaneous decrease of the share capital of the company that was decided by the abovementioned Annual General Meeting of its shareholders that took place on 26-06-2015. The Stock Market Steering Committee of Hellenic Exchanges / Athens Stock Exchange at its session on 17-09-2015 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 € 0,19821526131 per share.
Following the above, from the date of 22-09-2015, 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 to the shareholders in cash amounting to € 0,19821526131 per share.From the same date, the starting price of the shares of the company on the Athens Stock Exchange will be adjusted according to the Regulation of the Athens Stock Exchange in conjunction with its Board decision under the number 26 ASE as applicable.
Apart from the abovementioned capital return to the shareholders in cash amounting to € 0,19821526131 per share, the company “Folli Follie Commercial Manufacturing and Technical Societe Anonyme”, also announces that will simultaneously make the payment to its shareholders of the amount of untaxed reserves, according to article 72 paragraph 12 of Tax Law 4172/2013, that has already been approved by the company’s Extraordinary General Assembly that took place on 29-12-2014. The net amount of the abovementioned untaxed reserves to be distributed amounts to € 0,10052312165 per share. That amount is not subject to any further taxation of the shareholders nor the company, as the provided tax of 19% has already been paid by the company independently and therefore, any tax obligation has been exhausted.Following the above, the total amount to be distributed is € 0,29873838296 per share (namely, € 0,10052312165 and € 0,1982152613).
From the date of 22-09-2015, the company's shares will be traded on the ASE without a right to the abovementioned distribution of the untaxed reserves of the company.Beneficiaries of the capital return as well as of the amount to be distributed from the untaxed reserves are the shareholders who will be registered in the DSS on September 23th , 2015.
The payment date for the capital return as well as for the amount to be distributed from the untaxed reserves is 29/09/2015.The cash deposit regarding the amount of the share capital return as well as the amount to distributed from the untaxed reserves will start from the date of 29/09/2015 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 at the shareholders who have not requested receipt by their Operator or whose shares are kept in the Special Account of Greek Securities or regarding the shares held in accounts of not investors. For the collection of the cash from the branch network of Piraeus Bank, the presentation of an identification card and printout number of KAME (Ref. no. Investor Share DSS) are required. The payment to a third person will be conducted only by the submission of relevant proxy, which will include full details of both the shareholder and the authorized person (name, surname, ID & TIN), certified for the original signature from the Police or other Legal Authority.