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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  VIS Containers Manufacturing Co. Ltd    VIS   GRS124153008

VIS CONTAINERS MANUFACTURING CO. LTD

(VIS)
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VIS Containers Manufacturing : Announcement regarding the decrease of share capital with decrease of the nominal value of share

10/26/2020 | 10:55am EST

ANNOUNCEMENT

REGARDING THE DECREASE OF SHARE CAPITAL

WITH DECREASE OF THE NOMINAL VALUE OF SHARE

Magoula 26/10/2020

The Ministry of Development and Investments by virtue of its decision no. 87765/20-08-2020(ΑΔΑ:6ΧΧΦ46ΜΤΛΡ-Α29) approved the amendment of article 5 of the company's articles of association. Said decision was registered with code number 2198708.

The reference number of the relevant Announcement is 2020254/20-08-2020.

Following the above, the société anonyme under the name VIS CONTAINERS MANUFACTURING S.A. hereby informs investors that, according to the resolution passed by the General Meeting of its Shareholders, which convened at the seat of the company on 20/07/2020, day of the week Monday at 12:00hrs, the decrease of the share capital of the company by 10,334,688.00 € with decrease of the nominal value of each share (from 2.88 €) to 0.80 € was approved. Said decrease will take place by offsetting equal losses of the company of previous fiscal years. Thus, the share capital of the company will be decreased from the amount of € 14,309,568.00 to the amount of € 3,974,880.00 € and shall be divided into 4,968,600 dematerialised registered shares with a nominal value of € 0.80 each. The decrease of the share capital of the company was decided in order for the provisions of § 4 of article 119 of Law 4548/2018 to no longer apply to the company.

The Corporate Actions Committee of the Athens Stock Exchange at its session of 23/10/2020 was informed about the decrease of the nominal value of the company's shares.

Following the above as from 29/10/2020, the company's shares will be traded on the Athens Stock Exchange with the new nominal value of € 0.80 per share.

For additional information, kindly contact the Shareholder Services Department of the company (tel. 2106161300, Mr. Kyriakos Soupionas).

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Disclaimer

VIS Container Manufacturing SA published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 15:54:08 UTC


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Financials
Sales 2019 14,4 M 17,3 M 17,3 M
Net income 2019 -2,63 M -3,17 M -3,17 M
Net Debt 2019 13,1 M 15,8 M 15,8 M
P/E ratio 2019 -1,70x
Yield 2019 -
Capitalization 4,07 M 4,91 M 4,91 M
EV / Sales 2018 1,08x
EV / Sales 2019 1,22x
Nbr of Employees 151
Free-Float 15,4%
Chart VIS CONTAINERS MANUFACTURING CO. LTD
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VIS Containers Manufacturing Co. Ltd Technical Analysis Chart | VIS | GRS124153008 | MarketScreener
Income Statement Evolution
Managers
NameTitle
Georgios Vassileios Xatzivasileiou Vice Chairman, Chief Executive Officer & Secretary
Dimitrios Ioannis Filippou Chairman & Chief Operating Officer
Kyriakos Evaggelos Soupionas Chief Financial Officer & Executive Director
Costas Karagiannis Head-Research & Development
Athanasios Konstantinos Tzitzaras Executive Director
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