S & B INDUSTRIAL MINERALS S.A.
S&B announces the approval of the increase and equal decrease of its share capital and the payment of the capital reduction in cash to its shareholders
S&B Industrial Minerals S.A. (the "Company") announces, that on 1 June 2011, the Annual General Meeting of shareholders (AGM) resolved to increase the Company's share capital by the amount of €12,777,671.75 through the capitalization of an equal amount of the "Share premium account" reserve by increasing the nominal value of each share from the current €1.00 to €1.25.
The AGM also resolved to subsequently decrease the share capital of the Company by an equal amount of the "Share premium account" reserve, i.e. €12,777,671.75 through the reduction of the nominal value of each share by €0.25 and payment of the amount of the capital reduction to the shareholders in cash.
Following the above capital decrease, the Company's share capital will amount to €51,110,687 divided into 51,110,687 common registered shares of nominal value €1.00 each.
The Ministry of Economy, Competitiveness and Shipping, by virtue of its decision No.K2-5268/22-6-2011, has approved the relevant amendment of article 4 of the Company's Articles of Association. In its meeting dated 5 July 2011, the Athens Exchange was also informed of the Company's share capital increase and decrease, the related change in nominal value of the Company's shares and the return of capital to shareholders in the amount of €0.25 per share.
As of 15 July 2011 (ex-rights date), the shares of the Company will be traded on the Athens Exchange with a nominal value of €1.00 per share and without the right to receive the amount of the capital return. The opening price of the Company's shares traded on the Athens Exchange will be adjusted pursuant to the Athens Exchange Regulation and Decision No. 26 of the Board of Directors of Athens Exchange, as it stands in effect.
The shareholders of the Company who are registered with the registry of the Central Depository System on 19 July 2011 (record date) will receive payment of the capital return described above. Such payment will commence on 25 July 2011 and will be effected through EFG Eurobank Ergasias bank as follows:
1. If a custodian, broker or other operator in the Central Depositary System has been appointed by a shareholder to collect payments on its behalf, then the capital return payment shall be rendered to such custodian, broker or operator, as applicable.
2. If EFG Eurobank Ergasias bank acts as operator in the Central Depositary System for a shareholder and the shareholder has not revoked the authority of EFG Eurobank Ergasias bank to collect payments on its behalf, then the capital return payment shall be rendered to the account of the shareholder with EFG Eurobank Ergasias bank.
3. If the registered custodian, broker or operator does not have authorization to collect payments on the applicable shareholder's behalf (or in the cases where EFG Eurobank Ergasias bank acts as operator in the Central Depositary System for a shareholder but such shareholder has revoked the authority of the EFG Eurobank Ergasias bank to collect payments on its behalf), or the applicable shares are kept in a special account of Hellenic Exchanges S.A. or in a no-show shareholders registry, then the capital return payment shall be rendered directly through the branch network of EFG Eurobank Ergasias bank.
Any shareholder who wishes to collect the capital return payment through the branch network of EFG Eurobank Ergasias bank must present an identification card and a print-out of the data of the relevant Code Number from the Shareholders' Registry in the Central Depository System. A third party may only collect the capital return payment of a shareholder if such third party presents an authorization-proxy, which should include the full details of the shareholder, as well as the details of the person authorized (name, surname, father's name, Identity Card number and Tax Registration number), accompanied by a certification of the shareholder's signature by a police department or any other competent Authority. Upon expiration of the 24-month period starting from the date of commencement of payment, i.e. from 25 July 2013, Capital Return payments may only be collected from the corporate headquarters of S&B at 15 A.Metaxa St., Kifissia 145 64, Greece. For enquiries shareholders may contact the Company's Shareholders' department at +30 210 6296157, Mr. Haris Kotsokolos.
The AGM also resolved to subsequently decrease the share capital of the Company by an equal amount of the "Share premium account" reserve, i.e. €12,777,671.75 through the reduction of the nominal value of each share by €0.25 and payment of the amount of the capital reduction to the shareholders in cash.
Following the above capital decrease, the Company's share capital will amount to €51,110,687 divided into 51,110,687 common registered shares of nominal value €1.00 each.
The Ministry of Economy, Competitiveness and Shipping, by virtue of its decision No.K2-5268/22-6-2011, has approved the relevant amendment of article 4 of the Company's Articles of Association. In its meeting dated 5 July 2011, the Athens Exchange was also informed of the Company's share capital increase and decrease, the related change in nominal value of the Company's shares and the return of capital to shareholders in the amount of €0.25 per share.
As of 15 July 2011 (ex-rights date), the shares of the Company will be traded on the Athens Exchange with a nominal value of €1.00 per share and without the right to receive the amount of the capital return. The opening price of the Company's shares traded on the Athens Exchange will be adjusted pursuant to the Athens Exchange Regulation and Decision No. 26 of the Board of Directors of Athens Exchange, as it stands in effect.
The shareholders of the Company who are registered with the registry of the Central Depository System on 19 July 2011 (record date) will receive payment of the capital return described above. Such payment will commence on 25 July 2011 and will be effected through EFG Eurobank Ergasias bank as follows:
1. If a custodian, broker or other operator in the Central Depositary System has been appointed by a shareholder to collect payments on its behalf, then the capital return payment shall be rendered to such custodian, broker or operator, as applicable.
2. If EFG Eurobank Ergasias bank acts as operator in the Central Depositary System for a shareholder and the shareholder has not revoked the authority of EFG Eurobank Ergasias bank to collect payments on its behalf, then the capital return payment shall be rendered to the account of the shareholder with EFG Eurobank Ergasias bank.
3. If the registered custodian, broker or operator does not have authorization to collect payments on the applicable shareholder's behalf (or in the cases where EFG Eurobank Ergasias bank acts as operator in the Central Depositary System for a shareholder but such shareholder has revoked the authority of the EFG Eurobank Ergasias bank to collect payments on its behalf), or the applicable shares are kept in a special account of Hellenic Exchanges S.A. or in a no-show shareholders registry, then the capital return payment shall be rendered directly through the branch network of EFG Eurobank Ergasias bank.
Any shareholder who wishes to collect the capital return payment through the branch network of EFG Eurobank Ergasias bank must present an identification card and a print-out of the data of the relevant Code Number from the Shareholders' Registry in the Central Depository System. A third party may only collect the capital return payment of a shareholder if such third party presents an authorization-proxy, which should include the full details of the shareholder, as well as the details of the person authorized (name, surname, father's name, Identity Card number and Tax Registration number), accompanied by a certification of the shareholder's signature by a police department or any other competent Authority. Upon expiration of the 24-month period starting from the date of commencement of payment, i.e. from 25 July 2013, Capital Return payments may only be collected from the corporate headquarters of S&B at 15 A.Metaxa St., Kifissia 145 64, Greece. For enquiries shareholders may contact the Company's Shareholders' department at +30 210 6296157, Mr. Haris Kotsokolos.