Trastor declares a share capital increase to pay Company’s Executives bonuses

TRASTOR REAL ESTATE INVESTMENT COMPANY, informed the public that the Ordinary General Meeting of Company’s shareholders, held on 10/06/2022, decided, amongst other matters, the Company’s share capital increase for the amount of Euro four hundred two thousand four hundred forty-eight and fifty eurocents (€402,448.50) and particularly the capitalization of an amount of €36,775.50 of the distributable reserve under the title “short-term reserve” and of an amount of €365,673 of the distributable reserve under the title “long-term reserve”.

By virtue of the aforesaid share capital increase, 804,897 new, common, registered shares of the Company of nominal value of €0.50 each were issued that will be distributed to the Company’s Executives, according to article 114 of L. 4548/2018. It is noted that the shareholders of the Company had no right of pre-emption to said share capital increase, as it was carried out through the capitalization of the above reserves, i.e. without paying new contributions. 

For the issuance of the abovementioned shares, no publication of a prospectus was required, as this process falls under the exception of article 1, par. 5, case (h) of EU Regulation 2017/1129. The 804,897 new shares issued represent a percentage of 0.53% of the same category shares that are already listed for trading on the Athens Exchange market.

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