Housewares & Horeca Equipment Supplier

Press Releases

Announcement of simultaneous increase and decrease of the Companys share capital


8/01/07

S.D. CONSTANTINOU & SON S.A-YALCO announces that the Annual General Meeting of its Shareholders of December 14th, 2006 resolved the simultaneous increase and in parallel:



A. Increase of the Companys Share Capital by the amount of Euro 1.714.910,06 through capitalization of part of the share premium account with an increase of Companys shares nominal value by Euro 0,13, namely from Euro 0,62 to Euro 0,75.


B. Decrease of share capital by the amount of Euro 1.714.910,06 in order to set off losses incurred through the first application of the International Accounting Standards by reducing the Companys shares nominal value by Euro 0,13, namely from Euro 0,75 to Euro 0,62.



Following the above increase and simultaneous decrease, the Companys share capital will be restored to Euro 8.178.804,40 divided in 13.191.620 shares of a nominal value of Euro 0,62 each.



The Ministry of Development approved through its decision No. K2-17726/19-12-2006 the amendment of article 5 of the Companys Articles of Association.



The Board of Directors of the Athens Stock Exchange was informed in its meeting of January 4, 2007 on the simultaneous increase and decrease of the Companys shares nominal value.



Following the above, as of January 10th, 2007, the Companys shares will be traded in the ASE with the same nominal value per share.



For further information, shareholders may address the Companys Investor Relations Department, tel. 210 62.99.999, Mr. G. Makris.



 



For further information, please contact:Mr. George Makris, Executive BoD member - Supervision of Shareholders & Corporate Announcements Department, Socrates D. Constantinou & Son S.A., e-mail: makris@yalco.gr, tel: (+30)210 629-9999 fax:(+30)210 800-0866 or Mr. Nicolas Bornozis, President, Capital Link Inc. in New York at (212) 661-7566. The press release in question as well as any additional information are available on Capital Link's website www.capitallink.com.



 


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