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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  FOURLIS HOLDINGS S.A.    FOYRK   GRS096003009

FOURLIS HOLDINGS S.A.

(FOYRK)
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FOURLIS S A : Explanatory Note on the Agenda of the Extraordinary General Assembly of the Shareholders of 21.12.2020

11/27/2020 | 09:27am EST

FOURLIS HOLDINGS S.A.

EXPLANATORY NOTE ON THE AGENDA OF THE EXTRAORDINARY GENERAL MEETING OF THE

SHAREHOLDERS OF 21/12/2020

The Shareholders of the Company are kindly informed that the total number of shares of the company "FOURLIS HOLDINGS S.A." as of November 23, 2020 (date of the Invitation to the Extraordinary General Meeting that will take place on December 21, 2020) is 52.004.961 ordinary shares and the Company holds 579.486 treasury stocks. Each ordinary share provides one voting right, with the exception of the treasury stocks for which any representation rights and voting rights in the General Meeting are suspended and they are not taken into consideration for the calculation of the required quorum.

A brief explanatory note on the items on the agenda of the Extraordinary General Meeting of December 21, 2020 follows.

SUBJECT 1: Increase of the share capital of the Company through capitalisation of reserves and increase of the nominal value of each share, by €0,19 and consequent amendment of article 3 of the Articles of Association. Required quorum:1/5 (20%) of the paid-up share capital of the Company.

Required majority:50% + 1 of the represented in the EGM votes.

The Board proposes the approval of the decision to increase the share capital of the Company by € 9.880.942,59, through the capitalization partially of reserves, which were formed from non-distributed retained earnings. More specifically by the amount of € 10.400.992,20, reduced by the amount of € 520.049,61, or 5% percentage, according to the provision of article 64 § 1 case a' of Law 4172/2013, as applied, which will be withheld and delivered to the Greek State on behalf of the shareholders.

Except from the abovementioned deduction, the above capitalization is not subject of income tax or other tax liability of the legal entity and its shareholders.

The increase of the share capital through the capitalization of reserves will be realized through the corresponding increase of the nominal value of the share from € 0,81 to € 1,00.

Following the above increase, the company's share capital will be fifty two million four thousand nine hundred sixty one euros (52.004.961,00 €) divided into fifty two million four thousand nine hundred sixty one (52.004.961) common shares of nominal value of one euro (1,00 €) each share, relative to the amendment of Article 3 of the Articles of Association.

SUBJECT 2: Amendment and fulfilment of the provisions of the Articles 9, 10, 11 and 16 of the Articles of Association of the Company in order to align them with the provisions of Articles 120 and 125 of Law 4548/2018, regarding the convocation of the General Meetings remotely in real-time and the participation of the Shareholders to them.

Required quorum:1/5 (20%) of the paid-up share capital of the Company.

1

Required majority:50% of the represented in the EGM votes.

The Extraordinary General Assembly is called upon to approve the amendment, addition, repeal and renumbering of the Articles 9, 10, 11 and 16 of the Articles of Association for the purposes of functionality and adjustment according to the provisions of Articles 120 and 125 of the Law 4548/2018, regarding the convocation of the General Meetings remotely in real-time and the participation of the Shareholders to them, as well as the codification of the Articles in a uniform text.

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Fourlis SA published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 14:26:04 UTC


© Publicnow 2020
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Financials
Sales 2020 379 M 459 M 459 M
Net income 2020 -4,70 M -5,70 M -5,70 M
Net Debt 2020 106 M 129 M 129 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 202 M 244 M 245 M
EV / Sales 2020 0,82x
EV / Sales 2021 0,76x
Nbr of Employees 4 198
Free-Float 82,6%
Chart FOURLIS HOLDINGS S.A.
Duration : Period :
FOURLIS HOLDINGS S.A. Technical Analysis Chart | FOYRK | GRS096003009 | MarketScreener
Technical analysis trends FOURLIS HOLDINGS S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 5,29 €
Last Close Price 3,94 €
Spread / Highest target 79,2%
Spread / Average Target 34,3%
Spread / Lowest Target 9,02%
EPS Revisions
Managers and Directors
NameTitle
Apostolos Dimitrios Petalas Chief Executive Officer & Executive Director
Vassilios Stylianos Fourlis Executive Chairman
Maria Ioanni Theodoulidou Group Finance Director-Controlling & Planning
George Alevizos Group Finance Director
Manolis Vidoris Director-Information Technology
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