Athens – September 25 2024 –FOURLIS HOLDINGS S.A. (Bloomberg: FOYRK:GA - Reuters: FRLr.AT - ISIN: GRS096003009), in accordance with Article 1(5)(h) of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, informs the investment community regarding the admission to trading on the Main Market, of three hundred and eighty-five thousand thirty-three (385.033) new common registered voting shares of the Company, with a nominal value of 1.00 euro each, to senior executives of the Company and its affiliated companies.
The new shares will be issued in implementαtion of the decision of the Annual General Meeting of the Company's shareholders dated 16.06.2023 regarding the establishment of a Stock Grant Program addressed to senior executives of the Company and its affiliated companies, in accordance with the provisions of article 114 of Law 4548/2018 ("the Plan"), in combination with the resolution of the Board of Directors dated 08.04.2024, pursuant to which the beneficiaries of the First Series of the Plan were determined based on the proposal of the Nomination and Remuneration Committee dated 27.03.2024.
The purpose of the Plan is to reward the Beneficiaries’ performance and contribution to the achievement of the Company's annual and interim objectives and to maintain and encourage them in order to ensure the Company's level of competitiveness, as well as to attract new and competent executives in order to ensure the long-term interests and sustainability of the Company.
For the purpose of the Stock Grant Program pursuant to article 114 of Law 4548 /2018, the Annual General Meeting of 21.06.2024 decided to increase the Company's share capital by the amount of three hundred eighty-five thousand thirty-three euros (€385,033.00) by the capitalization of an equal part of distributable reserves and the issuance of three hundred eighty-five thousand thirty-three (385,033) new common registered shares with a nominal value of one euro (€1.00) each. This increase is carried out in the framework of the Stock Grant Program pursuant to article 114 of Law No. 4548/2018, approved by the decision of the Company's General Meeting of Shareholders held on 16.06.2023.
Pursuant to the above resolutions of the General Meeting, the Board of Directors has undertaken to: (a) conduct the necessary legal transactions or other actions or acts in order to implement the Plan, including obtaining the required regulatory and other approvals and permits, (b) arrange for the listing of the newly issued shares in the Athens Stock Exchange, and (c) deliver the new common registered shares of the Company to the beneficiaries of the Plan in accordance with the terms of the Plan and the relevant recommendation of the Remuneration and Nomination Committee.
In the context of the above decision, the New Shares will be distributed to a total of 32 Beneficiaries, in accordance with the terms of article 114 of Law 4548/2018 and the mandatory retention period of the shares is 2 years from the date of the stock grants award, i.e. until 08.04.2026.
On 15.07.2024, the decision of the Department of Listed Companies, No. 3323893 AP/15-07-2024 was filed in the Hellenic Business Registry (“G.E.M.I.”), with Entry Number 4298428, of the General Secretariat of Commerce, Department of Market & Consumer Protection of the Ministry of Development, which approved the amendment of Article 3 (Share Capital) of the Company's Articles of Association, as a result of the aforementioned share capital increase.
Following the above increase of the share capital, the Company's share capital will amount to fifty-two million five hundred and sixteen thousand nine hundred and seventy-seven euros (€52,516,977.00) divided into fifty-two million five hundred and sixteen thousand nine hundred and seventy-seven (52,516,977) registered shares with a nominal value of one euro (€1.00) each.
The New Shares are of the same class as the shares of the Company already traded on the Main Market of the Athens Stock Exchange.
The Company will follow the procedure for the listing of the New Shares for trading on the Athens Exchange (the "ASE"), in accordance with the provisions of the ASE Regulations and the relevant decisions of its Board of Directors. The New Shares are expected to be admitted for trading on the second (2nd) business day following the approval of their listing by the Stock Exchange. The opening price of the Company's shares on the Stock Exchange on the date of commencement of trading will be determined in accordance with the Regulations of the Stock Exchange and the resolution of the Board of Directors of the Stock Exchange No. 26, as applicable.
The New Shares will be registered on the date of commencement of trading in the records of the Greek Central Securities Depository (ATHEXCSD) and in the accounts held by the Beneficial Owners in the Dematerialized Securities System (D.S.S.) of the Stock Exchange, in accordance with the applicable legislation.
The Company will inform the investment community about the exact date that the New Shares will start trading on the Stock Exchange.
Pursuant to article 1 par. 5(h) of Regulation (EU) 2017/1129, as applicable, there is no obligation to publish a prospectus for the admission to trading on a regulated market of the New Shares, since the new shares are of the same class as the shares of the Company already traded on the same regulated market and this information form contains information on the number and nature of the shares to be admitted to trading, as well as the reasons and details of their distribution.
The Investor Relations & Corporate Communications department (ir@fourlis.gr and tel.: 210 6293254) is responsible for the preparation of the information form and the accuracy of its contents.
This information form is available to interested parties in hard copy at the Investor Relations & Corporate Communications Department at its address, 25 Ermou Street, Kifissia, 14564, (tel. 210 6293254) and in electronic form on its website www.fourlis.gr.
