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Capital stock

CAPITAL STOCK TIMELINE

The timeline of the Company’s capital stock, from its day of establishment until today, is as follows:

Date

Hellenic Government Gazette

No. of shares

Nominal share value in Greek drachma

Capital stock in Greek drachma

Exchange rate €

Capital stock (€)

Corporate action

1993

5614/04.10.1993

90.000

1.000,00

90.000.000

340,75

264.123,26

Establishment

JUNE 1999

6971/26.08.1999

500.000

1.000,00

500.000.000

340,75

1.467.351,43

Increase of Capital Stock by capitalizing profits from previous fiscal years

MARCH 2002

2937/23.04.2002

500.000

1.022,25

511.125.000

340,75

1.500.000,00

Conversion of Capital Stock into Euros, along with C.S. increase resulting from the capitalization of part of the difference arising after readjusting the value of fixed assets

Date

Hellenic Government Gazette

No. of shares

Nominal share value in Euros

Capital stock (€)

Corporate action

MARCH 2002

2937/23.04.2002

5.000.000

0,30

1.500.000,00

Reduction of the share’s nominal value

APRIL
2002

7558/18.07.2002

6.250.000

0,30

1.875.000,00

Increase of the Capital Stock through Public Offering and Private Placement

JUNE
2006

13844/22.12.2006

7.500.000

0,51

3.825.000,00

Increase of Capital Stock by capitalizing part of the reserve funds and by increasing the nominal value

JUNE
2010

13436/24.11.2010

7.500.000

0,90

6.750.000,00

Increase of Share Capital by capitalising part of the reserve funds and due to the difference from the share premium account following increase of the share’s nominal value.

NOVEMBER 2010

14171/17.12.2010

7.500.000

0,74

5.550.000,00

Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders

 NOVEMBER 201113124/14.12.2011 7.500.000 0,66 4.950.000,00 Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders
 FEBRUARY
2013
2041/05.04.2013 7.500.000 0,56 4.200.000,00Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders
 FEBRUARY
2014
654/24.01.2014 7.500.000 0,48 3.600.000,00Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders
MAY 2015 7.500.000 0,80 6.000.000,00Increase of the share capital through the capitalisation of part of the taxed reserve account “Profits carried forward” by increasing the nominal value.
JUNE 2016 7.500.000 0,69 5.175.000,00Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders.
JUNE 2017 7.500.000 0,61 4.575.000,00Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders.
JUNE 2018 7.500.000 0,33 2.475.000,00Reduction of the Capital Stock by reducing the nominal value of the share and the equal pay-out to Company Shareholders.
 The amounts in Greek drachmae have been converted to Euro based on the following exchange rate: €1 = GRD 340,75