MOTOR OIL (HELLAS) S.A. hereby announces that the Repeat General Meeting of June 10th, 2010 approved the share capital increase of the Company for an aggregate amount of 99,704,682 Euro through capitalization of reserves as follows:
a) an amount of 49,528,501.54 Euro concerns capitalization of Share Premium,
b) an amount of 45,315,765.89 Euro concerns capitalization of Special and Tax Fee Reserves,
c) an amount of 4,860,414.57 Euro concerns capitalization of Retained Earnings.
The share capital increase will be effected with a subsequent increase of the nominal value of the shares of the Company from 0.30 Euro to 1.20 Euro.
Following the increase described above, the share capital of the Company will amount to 132,939,576 Euro divided into 110,782,980 common registered shares of nominal value 1.20 per share.
The Ministry of Development with its resolution Κ2-5989/07.07.2010 approved the amendment of the relevant article of the Articles of Association of the Company. The Board of Directors of the Athens Exchanges was informed with regard to the increase of the nominal value of the shares of the Company in its meeting of July 27, 2010.
From August 2nd, 2010 the shares of the Company will trade on the ATHEX under the new nominal value of 1.20 Euro per share.
On the same date, the opening price of the shares of the Company on the ATHEX will be determined in accordance with the Athens Exchanges Rulebook in conjunction with Resolution 26 of the BoD of the Athens Exchanges as it is in force.
For more information, shareholders can contact the Shareholders’ Department of the Company (tel: +30 210 8094194).
Maroussi, July 28, 2010
The Board of Directors
