March 03, 2017

Announcement of the Company's Treasury Shares Cancellation Date


The Management Committee of the Athens Stock Exchange (X.A.) was informed during its meeting on March 02, 2017 with regard to the share capital reduction due to the cancellation of the Company's treasury shares.

The Societe Anonyme under the name 'THRACE PLASTICS INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME' with the distinctive title 'THRACE PLASTICS CO. S.A.' informs the investment community that the Extraordinary General Meeting of the Company's shareholders which convened on 2 February 2017 approved among other subjects the decrease of the Company's share capital by the amount of 893,090.80 Euros, through the reduction of the total number of shares from 45,094,620 to 43,741,452 common, registered shares, due to the cancellation of 1,353,168 treasury shares according to the article 16 of P.L. 2190/1920.

From the above 1,353,168 treasury shares, which were acquired during the period from 26-4-2012 until 25-09-2012 and from 12-01-2015 until 22-12-2016: (a) 1,132,614 treasury shares were repurchased in execution of the decision as of 29.12.2014 of the Extraordinary General Meeting of the Company's shareholders and (b) 220,554 treasury shares were repurchased in execution of the decision as of 20.04.2012 of the Annual General Meeting of shareholders.

Following the above reduction, the Company's share capital accounts for twenty eight million eight hundred sixty nine thousand and three hundred fifty eight Euros and thirty two cents (28,869,358.32 €), divided into 43,741,452 common registered shares with nominal value of 0.66 € per share.

The decision no. 19041/15.02.2017 (ΑΔΑ: ΩΠΨΟ465ΧΙ8-1ΜΑ) of the Department of Listed Societe Anonymes of the Ministry of Economy and Development, was registered in the General Electronic Commercial Registry (GEMI) under the code registration number 922921. With the above decision, the amendment of article 5 of the Company's Articles of Association was finally approved.

The Management Committee of the Athens Stock Exchange (X.A.) was informed accordingly during its meeting on March 02, 2017 with regard to the above share capital reduction due to the cancellation of the Company's treasury shares.

Following the above and based on the Company's decision, it is approved that from Wednesday, March 08, 2017, the trading of the cancelled 1,353,168 shares on the Athens Exchange will be ceased.


For more information, shareholders may contact the Company's Investor Relations and Shareholders Department (tel. +30 210 9875081, Ms. Ioanna Karathanasi).

Thrace Plastics Co. SA published this content on 03 March 2017 and is solely responsible for the information contained herein.
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