The public limited company under the name “SOKRATIS D. KONSTANTINOY & SON, S.A. – Trade and Manufacturing of Glassware and Household Goods” (hereinafter “the Company”) hereby informs the investing public that a change is imminent in the shareholding structure of its 51% subsidiary, the company operating under the name “YALCO TRADING Professional & Household Equipment S.A.”, trading as “YALCO TRADING,” and headquartered at 9 Andrea Metaxa Street, 14564 Kifissia, with GEMI number 180653701000 and Tax Identification Number (AFM) 996433250.
The Company hereby informs the investing public of the change in the shareholding structure of YALCO TRADING as follows:
1. YALCO TRADING will, by resolution of the General Meeting of Shareholders, proceed with a share capital increase, waiving the preemptive rights of the shareholder TETHYS EQUITY LIMITED, so that only the Company participates in the proposed share capital increase, due to YALCO Trading’s need for capital to support its business plan.
2. Following the aforementioned increase, the Company’s share capital, which until now amounted to six million euros (€6,000,000), divided into six million (6,000,000) common registered shares, with a par value of one euro (€1.00) each, will amount to a total of six million five hundred thirty-three thousand three hundred thirty-four euros (€6,533,334), divided into six million five hundred thirty-three thousand three hundred thirty-four (6,533,334) common registered shares, each with a par value of one euro (€1.00). The five hundred thirty-three thousand three hundred thirty-four (533,334) new common registered shares will be issued at a premium, with an offering price of approximately nine euros, thirty-seven cents, and four thousandths of a cent (€9.37499) per share, of which one euro (€1.00) per share corresponds to the par value of the share and the remaining amount corresponds to the premium.
3. Payment will be made in cash, and the subscription period is set at 14 days to 4 months from the date of registration of the relevant resolution with the General Commercial Registry (GEMI), pursuant to Article 20(2) of Law 4548/2018.
4. The share capital increase described above will be fully funded by the Company, following Tethys’s waiver of its preemptive right. Consequently, upon completion of the share capital increase, the Company will hold three million five hundred ninety-three thousand three hundred four (3,593,334) common registered shares, with a par value of one euro (€1.00) each, corresponding to approximately fifty-five percent (55.000004%) of the Company’s share capital. Tethys will continue to hold two million nine hundred forty thousand (2,940,000) common registered shares, with a par value of one euro (€1.00) each, corresponding to approximately forty-five percent (44.999996%) of the Company’s share capital.