From November 30, 2021 the shares of ELVE will be traded on the Athens Stock Exchange with a new nominal value of 0.21 euros per share and without the right to participate in the return of capital by paying cash to shareholders amounts to 0.30 euros per share.
According to the corporate announcement, from the same date, the starting price of ELVE shares on the ATHEX will be adjusted in accordance with the Athens Stock Exchange Regulations as in force.
Beneficiaries of the return of capital are the shareholders who will be registered in the files of DSS. of 1-12-2021 for the listed company in question. The start date for the payment of the capital return is set at 7-12-2021 and will be made through the National Bank as follows:
1. Through the Participants of the beneficiaries in the SAT (Banks and Stock Exchanges), in accordance with the applicable in the Rules of Operation of ATHEXCSD and its relevant decisions.
2. Especially in cases of dividend payment to heirs of deceased beneficiaries whose securities must be in the Special Account of their Share in the SAT, operated by ATHEXCSD, the dividend payment process will be carried out by the National Bank after the completion of the legalization of calls.
It is noted that the Ordinary General Meeting of shareholders of July 14, 2021 decided to increase the share capital by capitalizing part of the difference from the issue of shares in favor of the initial amount of 992,250.00 with an increase in the nominal value of the share from 0.21 euros to 0, 51 and at the same time the reduction of the share capital of the Company by the amount of euros 992,250.00 with a reduction of the nominal value of the share from 0.51 euros to 0.21 euros and a return of capital by cash payment to the shareholders amounts to 0.30 euros per share The
After the above reduction, the share capital of the Company amounts to the amount of euros 694,575 divided into 3,307,500 common, registered shares, nominal values of euros 0.21 each. To the Ministry of Development and Investment, approved the no. 98146 / 09-09-2021 decision of the amendment of article 5 par. 1 of the Articles of Association of the Company.
The Corporate Practices Committee of the Stock Exchange during the meeting of 16/09/2021 was informed about the increase and the simultaneous decrease of the nominal value of the Company’s shares and the return of capital by cash payment to the shareholders in the amount of 0.30 euros per share.