Detailed information from PAE:
Invitation-announcement of the societe anonyme with the name “PANATHINAIKOS ATHLETIC CLUB PAE”, for exercising the pre-emptive right of its shareholders, in the increase of its share capital.
The societe anonyme with the name PANATHINAIKOS ATHLETIC CLUB PAE ” and no. Μ.Α.Ε. 99126/06 / Β / 86/80, ΑΡ.Γ.Ε.ΜΗ. 000330401000, announces that the Extraordinary General Meeting of shareholders, during its meeting of 05-11-2021, decided to increase the share capital of the company by 5,000,010.00 euros by paying cash to the special account of the company, or if the amount is not paid to the special account, by depositing an amount spent for the purposes of the company and by offsetting the company’s debt to the payer of a contribution by issuing 16,666,700 new registered shares with a nominal value of 0.30 euros each. The offering price of the above new 16,666,700 shares will be in the amount of 0.30 euros per share, ie the nominal value of the issued shares.
Given that 10% of the new shares that will be sold will go to the founding sports club of PAE according to Law 2725/99, the remaining shares, ie 90% of the shares to be issued, will be sold with a final price of 0.3333333 euros per share and by rounding 0.34 euros per share which (final price of 0.34 euros) includes the value of the shares of the founding sports club.
The right of pre-emption in the above increase can be exercised by the registered shareholders in the shareholders’ book of the company on the date of the Extraordinary General Meeting of 05-11-2021 if they deposit the amount of 100,200.00 euros at least in the account No. 5041-006257-514 the PAE PANATHINAIKOS A.O. at PIRAEUS Bank for at least 334,000 shares.
Following the above, the shareholders of the company are invited to exercise the pre-emptive right to the above share capital increase within 14 days from the publication of this, ie until November 22, 2021.
The shareholders for the exercise of their rights will present their shares and their Police Identity Card to PIRAEUS Bank and will deposit the value of the shares for which they are registered in the company account number 5041-006257-514, upon receipt of a relevant receipt from the Bank.
After the expiration of the above deadline and if the old shareholders do not cover according to the above the total share capital increase, the Board of Directors will allocate in accordance with the Law, the non-withdrawn amount, freely at its discretion, or in old shareholders who have expressed a desire to participate in the increase after the expiration of the above deadline, or to third parties.
The beneficiaries will receive their shares from the company’s offices, after the completion of the increase, upon presentation of their Police ID card and the relevant receipt of the Bank. They can also pick up the shares through their legally authorized representative.
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