IDEAL HOLDINGS S.A.
Extraordinary General Meeting decisions announcement
IDEAL HOLDINGS S.A. (the "Company"), due to its obligations according to article 133(2) of Law 4548/2018 announces that on February 3rd 2025, at 10:00 a.m., the Extraordinary General Meeting of shareholders was successfully held in remotely via teleconference in accordance with the Invitation of the Board of Directors dated 10.01.2025 .
Shareholders representing 33,101,720 common nominal shares and votes, out of a total of 47,478,402 common nominal shares with voting rights, were present, resulting in a quorum of 69,72% of the paid-up share capital. It is noted that the Company holds 525,519 shares, which, in accordance with article 50 of Law 4548/2018, are not counted towards the quorum, and the associated voting rights were suspended for the meeting.
This quorum enabled the General Meeting to discuss and make decisions on the sole item on the agenda, as follows:
SOLE ITEM: Reduction of the Company's share capital through a decrease in the nominal value of the shares and the return of the reduced capital amount to the shareholders in cash, along with the corresponding amendment to paragraph 1 of Article 5 of the Articles of Association.
On the sole item of the Agenda, the Extraordinary General Meeting following a valid vote, decided to reduce the Company's share capital by an amount of four million eight hundred thousand three hundred ninety-two euros and ten cents (€ 4,800,392.10) by decreasing the nominal value of the share by € 0.10 per share, i.e. the nominal price of the share will be reduced to € 2.00 from € 2.10, and return the amount of the share capital reduction in cash to the shareholders and amend the article 5 par. 1 of the Company's Articles of Association.
In particular, the amendment to Article 5 "SHARE CAPITAL" of the Company's Articles of Association was approved and more specifically the amendment of paragraph 1 by adding a new paragraph (ka) at the end of the Article, as follows:
- 1. The share capital of the Company amounts to ninety-six million seven thousand eight hundred forty-two euros (€96,007,842.00) and is divided into forty-eight million three thousand nine hundred twenty-one (48,003,921) common nominal shares with voting rights, with a nominal value of € 2.00 each. The share capital has been paid as follows:
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(ka) By decision of the Extraordinary General Meeting of Shareholders dated 03.02.2025, it was resolved the reduction of the Company's share capital by the amount of four million eight hundred thousand three hundred ninety two euros and ten cents (€ 4,800,392.10) through a decrease in the nominal value of the share from € 2.10 to € 2.00 and return of the reduced capital amount to the shareholders in cash, i.e. € 0.10 per share.
Thus, the total share capital of the Company, after the above reduction, amounts to ninety-six million seven thousand eight hundred forty-two euros (€96,007,842.00) and is divided into forty-eight million three thousand nine hundred twenty-one (48,003,921) common nominal shares with voting rights, with a nominal value €2.00 each.."
25, Kreontos str. - Athens - 104 42 - Reg. No. 000279401000
Minimum required quorum: 1/2 (50%) of the total shares of the Company with voting rights. Minimum
required majority: 2/3 (66.66%) of the represented share capital. Achieved quorum: 69.72% of the total shares
of the company with voting rights. Number of shares for which valid votes were cast: 33,101,720. Percentage
of the represented share capital: 100%. Valid votes: 33,101,720. Voting results and percentages of valid votes:
In favor: 33,101,720 (100%), Against: 0 (0.00%), Abstain : 0 (0.00%).
25, Kreontos str. - Athens - 104 42 - Reg. No. 000279401000