TRASTOR REAL ESTATE INVESTMENT COMPANY SA announced that pursuant to the authorization granted from the Annual General Meeting of Shareholders dated 21/04/2021, the share capital increase was concluded for the amount of euro thirty six thousand six hundred forty five and fifty eurocents (€ 36.645,50) and particularly the capitalization of the distributable reserve "incentive plans reserve (short term)" account.
Following the share capital increase 73,291 new common registered shares of the Company of nominal value €0.50 each were issued that will be distributed to the Company’s Chief Executive Officer according to art. 114 of L.4548/2018.
It is noted that the shareholders of the Company had no right of participation to the share capital increase as it was carried out through the capitalization of the above reserve i.e. with no payment for new contribution.
For the issuance of the new shares there was no publication of a Prospectus as this process falls under the exception of article 1, par. 5, case (h) of EU Regulation 2017/2019.
The 73,291 new shares issued represent approximately 0.05% of the shares that are listed for trading on the Athens Exchange.
As a result, the Company’s share capital amounts to euro seventy five million, three hundred and sixty three thousand, seven hundred and eighty five (€75,363,785) divided into150,727,570 common registered shares of nominal value €0.50 each.
On 03/08/2021 the decision no. 87816/03.08.2021 (AΔA: 9ΚΗΩ46ΜΤΛΡ-ΜΡ8) of the Ministry of Developments and Investment was registered in the General Electronic Commercial Registry by which the Company’s share capital increase was approved as well as the amendment of the article 5 of the Company’s articles of association.
The Athens Exchange Corporate Actions Committee during the meeting held on 09/11/2021 approved the admission to trading in the Athens Exchange of the new common registered shares of the Company.
The date of commencement of trading of the new shares is 12/11/2021, while the price will be determined according to the rulebook of the Athens Exchange along with the decision no 26 of the Board of Directors of the Athens Exchange as currently in force. The new shares will be deposited in the security account of the shareholder in the Dematerialized Securities System (D.S.S.).
