Thrace Plastics S A : Announcement of the Merger by absorption of Elastron Agricultural by Thrace Greenhouses
April 04, 2017 at 05:09 pm EDT
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March 29, 2017
Announcement of the Merger by absorption of Elastron Agricultural by Thrace Greenhouses
The Management of the Societe Anonyme 'THRACE PLASTICS INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME' with the distinctive title 'THRACE PLASTICS CO. S.A.' (henceforth 'Company') in application of the clauses of article 17 of the Regulation no. 596/2014
The Management of the Societe Anonyme 'THRACE PLASTICS INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME' with the distinctive title 'THRACE PLASTICS CO. S.A.' (henceforth 'Company') in application of the clauses of article 17 of the Regulation no. 596/2014 of the European Parliament and the Council, as well as the article 4.1.3.1 of the Athens Stock Exchange Regulation announces to the investors' community that its fully owned (100%) subsidiary Societe Anonyme under the name 'THRACE GREENHOUSES SOCIETE ANONYME' approved and signed the Draft Merger Agreement of the merger procedure via absorption, by the latter, of the Societe Anonyme under the name 'ELASTRON AGRICURTURAL COMMERCIAL AND INDUSTRIAL SOCIETE ANONYME'.
Pursuant to the above Draft Merger Agreement the Board of Directors of the two merged companies decided that the merger will be implemented according to the clauses of articles 68-77a of P.L. 2190/1920 as well as the articles 1-5 of L. 2166/1993, as they are currently in effect, whereas the date of the balance sheet transformation was set on December 31, 2016.
The aforementioned merger is subject to the approval that must be granted according to the law from the pertinent bodies of the two merged companies, as well as to the approvals and permissions that must be granted by the pertinent state authorities.
The Company will inform the investors' community accordingly, with regard to the progress of the above merger procedure.
It is noted that the intended merger is not expected to generate any significant effect on the financial results of the Company.
Thrace Plastics Co. SA published this content on 29 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 April 2017 21:08:09 UTC.
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Thrace Plastics Holding and Commercial Societe Anonyme, formerly Thrace Plastics Co SA, is a Greece-based company engaged in the production and trade of plastic products, textiles and packaging materials. The Company's range of products are divided into three categories: Technical Fabrics & Fibers, which includes such products as woven and non-woven geotextiles, ground covers, crop covers, nets, roofing membranes, staple fibers, concrete reinforcement fibers, geogrids, Mega bag components and carpet and industrial yarns; Consumer Packaging, which offers plastic containers and lids, cups, tubs, bottles, bags for liquid packaging, as well as plastic packaging for food products, and Industrial Packaging, which includes ropes and twines, big bags, films, woven polypropylene bags, bags for heavy duty, pallet covers, and stretch hoods. The Company operates through its local and international subsidiaries.
THRACE PLASTICS HOLDING COMPANY S.A. 
