The Société Anonyme under the title "STELIOS KANAKIS INDUSTRIAL AND COMMERCIAL S.A., RAW MATERIALS FOR CONFECTIONARY, BAKERY AND ICE-CREAM", with trade name "STELIOS KANAKIS S.A." (hereinafter referred to as the "Company") informs investors that the annual Ordinary General Meeting of the Company shareholders, held on June 26, 2017, decided, among others, to reduce the share capital of the Company by the total amount of 600.000,00 Euros, through the respective reduction of the nominal value of each Company share by the amount of 0,08 Euros, i.e. from 0,69 Euros to 0,61 Euros and the return - repayment of the respective amount to the Company shareholders.

Following the above reduction, the share capital of the Company amounts to four million five hundred seventy-five thousand (4.575.000,00) euros, paid in full and divided into seven million five hundred thousand (7.500.000) common registered shares with voting rights, each with nominal value of sixty-one euro cents (€ 0.61).

On 29-06-2017, decision, under no. 72730/29-06-2017 (Posted in the internet under code: 7ΣΙΠ465ΧΙ8-Ω1Μ) issued by the Department for Listed SAs and Sports SAs of the Division for Companies and G.E.MI., of the General Market Division of the Secretary General for Commerce and Consumer Protection of the Ministry for Economy and Development, was registered in the General Commercial Registry (G.E.MI.) under Registration Code Number 1104804, through which the amendment to article 5 of the Company Article of Associations was approved.

The Stock Market Steering Committee of Hellenic Exchanges SA was informed during its meeting of 5-7-2017 about the reduction of the Company share capital through the reduction of the nominal value of the Company shares and the return of the capital through cash payment to shareholders at a rate of 0,08 Euros per share.

Following the above, from 11-7-2017, the shares of the Company shall be traded in Athens Exchange at the new nominal value of € 0,61 per share, and, without the right to participate in the return of the capital through cash payment to shareholders, at € 0,08 per share.

From the same date, the starting price of the Company's shares in Athens Exchange will be formulated in accordance with the Rulebook of Athens Exchange, in combination with decision no. 26 of the Athens Exchange Board, as currently in effect.

The beneficiaries of the capital return are the shareholders registered in the D.S.S. files on 12-7-2017 (record date) for this listed Company.

The starting date for the payment of the capital to be returned (€ 0,08 per share) is set on 18-7-2017.

The payment of cash for the capital to be returned shall begin from 18-7-2017 and shall be performed through PIRAEUS BANK S.A. as follows:

  1. Through the operators of the beneficiaries in D.S.S. (banks, custodians, and stock brokering companies), in agreement with paragraph 4.1.3.4 of Athens Exchange Rulebook and article 39 of the D.S.S. Bylaws, regarding shareholders who have authorized their operators to collect dividends.
  2. Through "PIRAEUS S.A." branches, with regard to shareholders who have requested exemption from their operator in the D.S.S. or have rescinded the relevant authorization to their operator, or have kept their shares in the Special Account of their Investor Share.
  3. Through a deposit in the International Bank Account Number (IBAN), which has been declared by investors for the collection of any amounts attributed, under article 13 of the D.S.S. Bylaws and Resolution no. 6 of ATHEXCSD Board of Directors, as currently in effect, regarding investors who do not wish to collect said amounts through their operators. This refers solely to investors who have declared an IBAN to paying Bank "PIRAEUS BANK S.A.".

The collection of the capital repayment by the beneficiaries - with regard to the second case above - shall be performed by presenting their Investor Share Code Number in the D.S.S. and their identity card, either in person or through a lawfully authorized proxy, before any branch of the above paying Bank (in this case, the relevant authorization documents must be presented, bearing the verified signature of the beneficiary).

Five (5) months after the starting date of the cash payment, i.e. from 18-12-2017, the capital return in cash shall be made only from the Company headquarters (4 Anemonis Street, Acharnes, Attica, postcode: GR 13678, Athens).

For additional information, shareholders may contact Investor Relations Department (T: 210-24.19.700, Ms Maria Moraiti).

Acharnes, July 6, 2017
For the Company

Stelios Kanakis SA published this content on 06 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 July 2017 09:45:11 UTC.

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