27 July 2018

Decisions of Extraordinary General Meeting held on 26.07.2018

In accordance with paragraph of the Athens Stock Exchange Regulation, we inform the investment public of the following:

An Extraordinary General Meeting of shareholders of J&P-AVAX SA was scheduled for Thursday, July 26, 2018 at 13:00 at the Company headquarters, located at 16 Amarousiou-Halandriou Street in Marousi, Greece to discuss the following agenda:

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.

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

3. Amendment of article 5 of the Corporate Charter.

Participation to the General Meeting amounted to 100 shares or 0.000% of the Company’s total shares. Therefore, the General Meeting lacked the required quorum for allowing shareholders who registered their intention to participate in the meeting after the 21.07.2018 deadline, and proceeding to discussion and vote on the items in the agenda. A new invitation to shareholders for a repeat general meeting will be announced shortly.
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