11. 08. 2022 | Investors' News, Announcements

Announcement of results of sale of fractional balance

IDEAL HOLDINGS S.A. (hereinafter the "Company"), following its announcement of 10.10.2022, notifies it's investors that, on Monday 31 October 2022, the sale of fractional remains from the merger of common registered shares (reverse split) totaling to 3,931 with voting rights of the Company was completed, following several resolutions of the General Assemblies of the Company's shareholders.

Beneficiaries are shareholders, common and preferred shares, owners of fractional balances, who were registered in the records of the Dematerialized Securities System (the “DSS”) on 21.02.2008 (record date).

The final product of the sale amounts to € 13,211.04 which corresponds to € 3.3607 for each whole share. The Company will cover the expenses of ATHEXCSD and the expenses of the Member who carried out the sale as well as the corresponding sales tax of 0.002%.

The return of the divestment proceeds to the entitled shareholders, according to the amount attributable to them, will be carried out from 16.11.2022 by the paying PIRAEUS BANK through the Participants who maintain the relevant securities accounts of the rights at DSS, as follows:

Through the Members who maintain the DSS of the beneficiaries at DSS in accordance with the current Operating Regulations of ATHEXCSD and its relevant decisions.

Especially in cases of payment to heirs of deceased beneficiaries whose titles are held in the Special Account of the Deceased at DSS, under the management of ATHEXCSD, the payment process will be carried out by the network of branches of the paying Bank after the completion of the legalization of the heirs. In addition, in case the beneficiary held his securities in liquidation Brokerage Firm will be reimbursed through the network of branches of the paying Bank.

For more information, the shareholders can contact the Company’s Shareholders Service Department (tel. 210-5193900).

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