New AMC of 9.5 million euros to Panathinaikos

A new Share Capital Increase of 9.5 million euros is expected to take place in Panathinaikos from June 19 onwards, through the Extraordinary General Meeting of shareholders that will be held on that date at the offices of the “green” PAE…

The previous AMK announced on December 31, 2022, of a similar amount, “closed” a few days ago and was covered for the most part, according to the information.

In any case, its final amount will be certified in the next few days by the Board of Directors. and will be “uploaded” to the General Commercial Register.

The goal of the new is to offer the required liquidity for the obligations of Panathinaikos, in terms of contract installments, operating expenses, but also the upcoming transfer moves!

The relevant information in detail:

“INVITATION

of the Shareholders in an Extraordinary General Meeting.

By decision of the company’s Board of Directors and in accordance with the provisions of the Law and the Company’s Articles of Association, Mr. Shareholders of the Company in an Extraordinary General Meeting on the 19th of June 2023, Monday at 11:00 a.m. at the Company’s offices at 13 Pentelis Avenue, Vrilissia, to discuss and take a decision on the following single item on the agenda:

1) Increase of the Company’s Share Capital up to the amount of 9,500,010 euros by paying cash into the special account of the company or if the amount is not paid into the special account, by depositing any amount in any account of the company spent for the purposes of the company and by offsetting the company’s debt to the contribution payer by issuing new shares with a nominal value of 0.30 euros. Corresponding amendment of article 7 of the Company’s Articles of Association. Each share entitles one vote.

In the event that a quorum is not reached in accordance with the law and the statute, Mr. Shareholders are invited to a Repetitive General Meeting, which will take place on June 26, 2023, Monday at 11.00 am. at the headquarters of the company and at its offices on Penteli Avenue no. 13, Vrilissia, to discuss and take a decision on the same agenda item as above without publishing a new invitation.

Messrs. shareholders who wish to participate in the Extraordinary General Meeting of June 19, 2023 or in its repeat meeting on June 26, 2023 must deposit their shares in the Company’s Fund or in the Deposit and Loan Fund or in any Bank in Greece and submit the supporting documents deposit, as well as any legalization documents for representatives at the Company’s offices at least five (5) days before the date of the Extraordinary General Meeting

Assembly.

VRILISSIA, May 26, 2023

THE ADMINISTRATIVE BOARD”.