MOTOR OIL (HELLAS) S.A. hereby announces that the Annual Ordinary General Assembly of Company shareholders of June 28th, 2012 approved the share capital decrease of the Company for a Euro amount of 11,078,298.
The decrease of the share capital of the Company will be effected through subsequent reduction of the nominal value of Company shares from Euro 0.95 to Euro 0.85 and return of capital to the shareholders in cash of Euro 0.10 per share.
Following the above, the share capital of the Company will amount to Euro 94,165,533 divided into 110,782,980 common registered shares of nominal value Euro 0.85 per share.
The Ministry of Development, Competitiveness, Infrastructure, Transport and Networks with its resolution K2-4917/16.07.2012 approved the amendment of the relevant article of the Articles of Association of the Company. The Board of Directors of Athens Exchanges was informed with regard to the decrease of the nominal value of Company shares with return of capital to the shareholders in cash of Euro 0.10 per share in its meeting dated July 30th, 2012.
From Monday November 5th, 2012 the shares of the Company will trade on the ATHEX under the new nominal value of Euro 0.85 per share and ex-return of capital to the shareholders in cash of Euro 0.10 per share.
On the same date, the opening price of the shares of the Company on the ATHEX will be determined in accordance with the Athens Exchanges Rulebook in conjunction with the Athens Exchanges Board of Directors Resolution 26 as it is in force.
Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T.) dated Wednesday November 7th, 2012 (record date) for MOTOR OIL (HELLAS) S.A. are entitled to the return of capital amount.
The payment of the return of capital amount to Company shareholders will be effected on Tuesday November 13th, 2012 through the payee bank – BANK OF PIRAEUS S.A. Details in respect of the way of payment of the return of capital amount to Company shareholders will be acknowledged with a subsequent announcement in due course.
For more information, shareholders can contact the Shareholdersí Department of the Company (tel: +30 201 8094194).
Maroussi, 31 July 2012
The Board of Directors