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2013

06/06/2013

Proposed amendments of articles of association (AGM June 19th, 2013)

According to article 19 paragraph 2 of the Law 3556/2007, MOTOR OIL (HELLAS) S.A. hereby presents the proposed amendments of its Articles of Association with regard to items 8 and 9 of the daily agenda of the Annual Ordinary General Meeting of Company Shareholders to be convened on Wednesday June 19th, 2013 at 12:30 hrs at NJV Athens Plaza Hotel (2 Vasileos Georgiou A' str., Syntagma Square).

Item 8 of the daily agenda concerns the amendment of article 5 (Share Capital) of the Codified Memorandum of the Company since the return of capital to the shareholders will be effected through the reduction of the share nominal value by Euro 0.10.

Therefore, two new paragraphs will be added at the end of article 5 of the Codified Memorandum of the Company as follows:

"Following the decision of the Annual Ordinary General Assembly of Company shareholders dated June 19th, 2013 the share capital of the Company was reduced by the amount of Euro 11,078,298 through subsequent reduction of the nominal value of each Company share by the amount of Euro 0.10 and payment of the respective amount to the Company shareholders.

As a result of the above decision, the share capital of the Company amounts to Euro 83,087,235 divided into 110,782,980 common registered shares of a nominal value Euro 0.75 each."

Item 9 of the daily agenda concerns the amendment of article 3 (Corporate Objectives) of the Codified Memorandum of the Company so that its secondary corporate objectives include the provision of the following array of services: Information Technology, human resource management, coordination of operations and organization of companies.

Therefore, a new paragraph will be inserted after paragraph number 9 of article 3 of the Codified Memorandum of the Company as follows:

«10.To provide Information Technology Services, human resource management services, and services concerning the coordination of operations and the organization of Companies.»

The existing paragraphs 10 to 12 of article 3 of the Codified Memorandum of the Company will be renumbered 11 to 13 respectively.

 

Maroussi, June 6th, 2013 

The Board of Directors 

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