Announcement regarding a Reverse Split / Capital Return
Announcement regarding the increase of the share capital through an increase of the share’s nominal value, a reverse split and a decrease of the share capital through a decrease of the share’s nominal value and a capital return
The Company ALPHA TRUST MUTUAL FUND and ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A. (distinctive title ALPHA TRUST) announces that the Extraordinary General Shareholders' Meeting of 25.11.2016 approved:
a. The increase of the share capital by the amount of 340,257.72 euro via a capitalization of the account «Profit balance carried forward» of the financial years preceding the last one, with an increase of the share’s nominal value by 0.11 cents, the share capital thus amounting to 1,268,233.32 euro divided into 3,093,252 common registered shares of a nominal value of 0.41 cents each.
b. The decrease of the total number of shares (reverse split) from 3,093,252 common registered shares to 773,313 common registered shares, with a consolidation of the old common registered shares with a proportion of 1 new share for each four (4) old ones and a corresponding increase of the nominal value of the Company's share from 0.41 cents to 1.64 euro. Following the above, the Company’s share capital stood at 1,268,233.32 euro, divided into 773,313 common registered shares of a nominal value of 1.64 euro each.
c. The decrease of the share capital by the amount of 494,920.32 euro, with a capital return to the shareholders of 0.64 euro per share and a corresponding decrease of the nominal value of the share and thus, the Company’s share capital currently stands at the amount of 773,313.00 euro and is divided into 773,313 common registered shares of a nominal value of 1.00 euro each.
On 23/12/2016 the decision of the Ministry of Development & Competitiveness was registered in the General Commercial Register approving the amendment of the relevant article of the Company’s Articles of Association.
The Stock Market Steering Committee of Hellenic Exchanges in its meeting dated 29.12.2016 was informed of the change of the nominal value of the Company’s shares from 0.30 to 0.41 cents as a consequence of the increase of its share capital and approved the admission for trading in the alternative market of ATHEX of the 773,313 new common registered shared mentioned above, with a new (initial) nominal value of 1.64 euro, in replacement of the existing common registered shares and it was subsequently informed of the further decrease of the nominal value of the Company’s shares from 1.64 to 1.00 euro due to the capital return via a cash payment to the shareholders of an amount of 0.64 euro per share.
The above amount of the capital return to be paid per share is incremented by the capital return corresponding to the 5,700 treasury shares owned by the Company which are not entitled to a capital return, and thus stands at 0,64118152 euro per share.
By decision of the Company, the last trading day of the 3,093,252 existing common registered shares of the Company in the Athens Stock Exchange will be 2/1/2017. From the following working day (3/1/2017) the trading of the Company’s shares will temporarily cease in order for their replacement to be achieved and the participation right in the capital return via cash payment to the shareholders of an amount of 0.64118152 euro per share shall be cut-off.
The beneficiaries of the reverse split and of the total of the capital return are the shareholders that will be registered in the records of the Dematerialized Securities System on 4/1/2017 (record date) for the said listed Company.
It is clarified that the amount of the capital return shall be calculated based on the new number of shares resulting after the reverse split.
The trading of the new 773,313 new shares in the Athens Stock Exchange with the new final nominal value of 1.00 euro per share will begin on 9.01.17. From that date, the new total number of the Company's shares being traded in the ATHEX will amount to 773,313 common registered shares, their initial trading price in the alternative market of ATHEX will be adjusted in accordance with ATHEX BoD’s decision No 26 as in effect, and the new shares will be credited to the Shareholders’ lots and securities accounts in the Dematerialized Securities System (D.S.S.)
The payment of the first instalment of the capital return of 0.64118152 per share shall begin on 10/1/2017 and it shall be effected via «PIRAEUS BANK» as follows:
1. Through the operators of the Dematerialized Securities System (DSS), provided they have been granted with the right of collection.
2. In case the investors own a bank account with the paying bank (PIRAEUS BANK), payment may also be effected via a deposit in the International Bank Account Number (IBAN) selected by the investors for the collection of distributed amounts.
3. Through the branch network of «PIRAEUS BANK» for the investors who for various reasons may not receive payment of the distributed amounts as provided for under points (1) and (2) above.
Cash collection through the branch network of «PIRAEUS BANK» is possible only upon submission of the ID card and of a printout of their K.A.M.E. number (code number of the investment lot in the D.S.S.) The collection of the cash payment by a third person is possible only if the bearer has a written authorisation with full details both of the beneficiary shareholder and the authorised person (full name, father’s name, ID No. & Tax No), with the signature of the beneficiary certified by the Police or other competent Authority. The payment of the capital return by the Bank shall be possible until 30.6.2017. From 1/7/2017 the payment of the capital return shall be done exclusively at the company’s offices, (Tatoiou 21,145 61 Kifissia).
For any further information, please contact our Investors Relations Department (Ms Konstantina Ganetsou, tel. +30 210-6289200).
Kifissia, December 30, 2016
The Board of Directors