Decisions of Extraordinary General Meeting held on 03.09.2018
Ιn accordance with paragraph 4.1.3.3 of the Athens Stock Exchange’s regulation, J&P-AVAX SA announces the following:
The 2nd Repeat Extraordinary General Meeting of Company shareholders was held on September 03, 2018 at its headquarters, with 27,002,460 shares or 34.771% of total voting rights being represented.
Shareholders voted on the agenda as follows:
Item #1: Decrease of the nominal value of each common share from €0.58 to €0.30, resulting in the decrease of the nominal value of the Company’s share capital by €21,743,358.00, capitalising an equal amount of accumulated losses.
Unanimously approved with 27,002,460 shares or 34.771% of voting rights cast in favour.
Item #2: Increase of the share capital of the Company up to the amount of twenty million euro (€20,000,000.00) through a cash issue offering rights of participation to all its shareholders, at an issue price of €0.45 per share for a total of 44,444,444 new common shares. The difference between the issue price and the par value of the shares will be added to the “Share Premium” capital account.
Unanimously approved with 27,002,460 shares or 34.771% of voting rights cast in favour.
Item #3: Amendment of article 5 of the Corporate Charter.
Unanimously approved with 27,002,460 shares or 34.771% of voting rights cast in favour. Article 5 of the Corporate Charter will be amended as follows:
“ARTICLE 5. SHARE CAPITAL
1. Company share capital amounts to thirty six million six hundred twenty nine thousand seven hundred eighty eight euros and twenty cents (€ 36,629,788.20), split in one hundred twenty two million ninety nine thousand two hundred and ninety four (122.099.294) common registered shares with a par value of thirty cents (€0.30) each, fully paid up in cash.
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1.12. The Extraordinary General Meeting of Company shareholders held on September 03, 2018, decided the following: a) Decrease of the nominal value of each common share from €0.58 to €0.30, resulting in the decrease of the nominal value of the Company’s share capital by twenty one million seven hundred forty three thousand three hundred fifty eight euros (€21,743,358.00), capitalising an equal amount of accumulated losses. b) Increase of the share capital of the Company up to the amount of twenty million euro (€20,000,000.00) through a cash issue offering rights of participation to all its shareholders, at an issue price of €0.45 per share for a total of 44,444,444 new common shares. The €0.15 difference between the issue price and the par value of the shares, amounting to six million six hundred sixty six thousand six hundred sixty six euros and sixty cents (€6,666,666.60) will be added, in line with corporate legislation and the Corporate Charter, to the “Share Premium” capital account.”