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Share Capital

The share capital of INTRACOM HOLDINGS amounts today to the sum of € 57.684.000,00 and is divided into 83.600.000 Common Registered shares, of a nominal value of € 0,69 each.

The most significant changes in the Company’s share capital, including its listing in A.S.E. (Athens Stock Exchange), are mentioned below:

  • The share capital of the Company was increased by the amount of 179.706.000 drachmas, by virtue of a resolution of the Extraordinary General Meeting of the Company’s shareholders dated 20.4.1990, by the issue of 1.797.060 new Bearer shares of a nominal value of 100 drachmas each and issue price of 5.100 drachmas. The total revenues of the issue reached 9.100 million drachmas. The new shares were covered by public subscription and private investment and started trading in Athens Stock Exchange on 28.6.1990.
  • The Company’s share capital was increased by the amount of 1.191.235.500 drachmas, by the resolutions dated 10.11.1994 of the General Meetings of the Company’s shareholders:
    • by the issue of 340.353 new Bearer shares, of a nominal value of 700 drachmas each, which were disposed in favor of the old shareholders, in the proportion of 1 new share to every 40 old ones. The price of issuance for the Common shares was 7.500 drachmas and for the Preferred Bearer shares 6.000 drachmas each
    • by the issue of 1.361.412 new Bearer shares, of a nominal value of 700 drachmas each, which were distributed free of charge to the Company’s old shareholders, in the proportion of 1 new share to every 10 old.

The total revenues of the issue amounted to 2.500 million drachmas.

  • By a resolution of the Ordinary General Meeting of the Company’s shareholders held on 2.6.1999, the Company’s share capital was increased by the amount of 5.309.506.800 drachmas:
    • by the capitalization of special tax-free funded reserve and increase of the nominal value of each share from 350 to 400 drachmas
    • by the issue of 4.084.236 new Common Registered shares, of a nominal value of 400 drachmas each, which were disposed in favor of the old shareholders of the Company, by the exercise of their pre – emption right, in a proportion of 1 new share for every 10 old ones, at the price of 15.000 drachmas per share.
    • by the issue of 4.084.236 new Common Registered shares, of a nominal value of 400 drachmas each, which were distributed free of charge to the old shareholders of the Company, in a proportion of 1 new share per 10 old ones.

The funds raised from the above mentioned share capital increase that was completed on August 1999, amounted to 61.264 million drachmas.

  • By virtue of a resolution taken on 30.11.2001 by the Extraordinary General Meeting of the Company’s Shareholders, that decided the merger of INTRACOM with INTRASOFT S.A. through absorption of the second by the first, the Company’s share capital was increased by 12.805.347.453 drachmas as follows:
    • by the amount of the share capital of INTRASOFT S.A., which was 19.315.800.000 drachmas less the amount of 6.789.130.400 drachmas by which the Absorbing Company participated in the Share Capital of INTRASOFT S.A. before the merger, i.e. finally by the amount of 12.526.669.600 drachmas and
    • by the amount of 278.677.853 drachmas by the capitalization of part of the tax-free investment reserve from profits of the financial year 1999.
  • By virtue of a decision taken at the same as above Extraordinary General Meeting, the nominal value of the Company’s shares was increased from 700 to 718,9825 drachmas and 14.898.922 new Common Registered Shares of nominal value 718,9825 each were issued.
  • By virtue of a resolution of the Company’s Board of Directors dated 23.12.2002, the share capital of the Company was increased by the amount of € 8.534.494,24 due to the exercise of Stock Option rights of its shares, by cash payment and the issuance of 4.044.784 new shares, of nominal value € 2,11 each. (Relevant amendment of the article 5 of the Company’s Articles of Association, by a resolution dated 17.7.2003 of the Repetitive General Meeting of INTRACOM’s shareholders).
  • By virtue of a resolution of the Company’s Board of Directors dated 19.12.2003, the share capital of the Company was increased by the amount of € 3.392.725,97 due to the exercise of Stock Option rights of its shares, by cash payment and the issuance of 1.607.927 new shares, of nominal value € 2,11 each. (Relevant amendment of the article 5 of the Company’s Articles of Association, by a resolution dated 5.4.2004 of the General Meeting of INTRACOM’s shareholders)
  • By virtue of a resolution of the Company’s Board of Directors dated 20.12.2004, the share capital of the Company was increased by the amount of € 913.138,37 due to the exercise of Stock Option rights of its shares, by cash payment and the issuance of 432.767 new shares, of nominal value € 2,11 each (Relevant amendment of the article 5 of the Company’s Articles of Association, by a resolution dated 30.06.2005 of the General Meeting of INTRACOM’s shareholders).
  • By virtue of a resolution of the Company’s Board of Directors dated 16.12.2005, the share capital of the Company was increased by the amount of € 2.436.651,21 due to the exercise of Stock Option rights of its shares, by cash payment and the issuance of 1.154.811 new shares, of nominal value € 2,11 each. (Relevant amendment of the article 5 of the Company’s Articles of Association, by a resolution dated 28.06.2006 of the General Meeting of INTRACOM’s shareholders).
  • By a resolution of the Εxtraordinary General Meeting of the Company shareholders held on 24.11.2006, the Company’s share capital was reduced by the amount of 
    € 92.689.508,10, ιn order to cover for the debit balance which resulted from the first application of the International Financial Reporting Standards (change of Accounting Principles), by a corresponding reduction of the nominal value of each share from
    € 2,11 to € 1,41 and the corresponding amendment of article 5 of the Company’s Articles of Association, regarding share capital.
  • By virtue of a resolution of the Company’s Board of Directors dated 15.12.2006, the share capital of the Company was increased by the amount of € 738.632,73 due to the exercise of Stock Option rights of its shares, by cash payment and the issuance of 523.853 new shares, of nominal value € 1,41 each. (Relevant amendment of the article 5 of the Company’s Articles of Association, by a resolution dated 29.06.2007 of the General Meeting of INTRACOM’s shareholders).
  • By virtue of a resolution of the Company’s Board of Directors dated 17.12.2007, the share capital of the Company was increased by the amount of € 124.899,21 due to the exercise of Stock Option rights of its shares, by cash payment and the issuance of 88.581 new shares, of nominal value € 1,41 each (Relevant amendment of the article 5 of the Company’s Articles of Association, by a resolution dated 27.06.2008 of the General Meeting of INTRACOM’s shareholders).
  • Decrease of the Company’s share capital by the amount of € 29,61 through the cancellation of 21 own shares , by a resolution of the B’ Repeat General Meeting, held on 20.07.2012.

By a resolution of the 23.07.2018, B’ Repeat Annual General Meeting of the Shareholders, on June 29, 2018:

  1. reduction of the Company’s share capital by the total amount of € 121.066.654,36, as follows:
    • by the amount of € 36.654.36 with the cancellation of 25.996 own shares of nominal value € 1,41 and
    • by the amount of € 121.030.000,00, to offset past losses, with a reduction in the nominal value of the remaining 133.000.000 shares, from € 1,41 to € 0.50 per share
  2. increase of the nominal value of each share from € 0,50 to € 1,00 with simultaneous consolidation of the existing shares of the Company at a ratio of 2 shares of nominal value € 0,50 to 1 new share of nominal value € 1, 00 (reverse split) and a corresponding reduction of the total number of the Company’s shares from 133.000.000 to 66.500.000 shares
  3.  increase of the Company’s share capital through capitalization of reserves of the total amount of € 9.500.000,00 and  the issuance of 9.500.000 free of charge new shares of nominal value € 1,00 each (1 new share for each 7 old).

The evolution of the Company’s share capital, since its establishment, is cited on the table below.

TABLE  OF  COMPANY’S  SHARE  CAPITAL  

Date Of G.M.Total Number of SharesNominal Value of Shares (in GRD)Amount of Share Capital Increase/ ReductionTerms of Increase Cash (in GRD)Terms of Increase Capitalization (in GRD)Share Capital after the Increase/ Reduction in GRD
Initial S.C.50010.0005.000.0005.000.0005.000.000
25.5.198150020.0005.000.0005.000.00010.000.000
27.2.19843.60020.00062.000.00062.000.00072.000.000
21.12.19856.30020.00054.000.0006.498.00047.502.000126.000.000
10.12.198611.40020.000102.000.00010.350.00091.650.000228.000.000
4.12.198715.15020.00075.000.000724.5974.275.410303.000.000
8.12.198825.05020.000198.000.000550.82197.449.180501.000.000
20.4.19906.807.060100179.706.000179.706.000680.706.000
1.6.199113.614.1207008.849.178.0008.849.178.0009.529.884.000
10.11.199415.315.8857001.191.235.500238.247.100952.988.40010.721.119.500
11.4.199820.421.1807003.573.706.5003.573.706.50014.294.826.000
11.6.199840.842.360350Decrease of Nominal Value of Shares14.294.826.000
10.3.1999
29.3.1999 		40.842.360350Conversion of Preferred Shares into Common14.294.826.000
2.6.199949.010.8324005.309.506.8001.633.694.4003.675.812.40019.604.332.800
24.9.199998.021.664200Decrease of Nominal Value of Shares19.604.332.800
28.6.2000110.274.37270057.587.727.60057.587.727.60077.192.060.400
30.11.2001125.173.2947,189,82512.805.347.45312.526.669.600278.677.85389.997.407.853
CONVERSION IN EURO
23.3.2002125.173.2942,11€264.115.650,34€
B.D.23.12.2002
G.M.17.7.2003 		129.218.0782,11€8.534.494,24€8.534.494,24€272.650.144,58€
B.D.19.12.2003
G.M.5.4.2004 		130.826.0052,11€3.392.725,97€3.392.725,97€276.042.870,55€
B.D. 20.12.2004
G.M.30.06.2005 		131.258.7722,11€913.138,37€913.138,37€276.956.008,92€
B.D. 16.12.2005
G.M.28.06.2006 		132.413.5832,11€2.436.651,21€2.436.651,21€279.392.660,13€
G.M.24.11.2006132.413.5831,41€92.689.508,10€186.703.152,03€
B.D. 15.12.2006
G.M.29.06.2007 		132.937.4361,41€738.632,73€738.632,73€187.441,784,76€
B.D. 17.12.2007
G.M.27.06.2008 		133.026.0171,41€124.899,21€124.899,21€187.566.683,97€
G.M. 20.07.2012
G.M.  23.07.2018 		133.025.9961,41€29,61€187.566.654,36€
a)133.000.0000,50€121.066.654,36€66.500.000,00€
b)66.500.0001,00€reverse split66.500.000,00€
c)76.000.0001,00€9.500.000,00€9.500.000,00€76.000.000,00€
G.M.18.04.202283.600.0001,00€7.600.000,00€7.600.000,00€83.600.000,00€
G.M.27.04.202283.600.0000,88€10.032.000,00€73.568.000,00€
G.M.22.06.202383.600.0000,76€10.032.000,00€63.536.000,00€
G.M.29.05.202483.600.0000,69 €5.852.000,00 €57.684.000,00 €