We hereby inform you that at the Extraordinary General Meeting of K+G Complex Public Company Ltd held in Limassol on 5 December 2013 approved unanimously the following Special Resolution:
«That the Board of Directors of the Company is authorized and is hereby authorized to proceed immediately with the distribution of a dividend in the form of shares as per the current resolution of €0,05 per share at the Issue Price of €0,17 (from now on the ‘Issue Price’) to the holders of shares of the Company as at the Record Date, set as Wednesday 18 December 2013 from the profits of the year 2011. The ‘Issue Price’ has been determined based on the nominal value of the share.
Under the condition that the net payable amount of dividend in the form of shares allocated to each shareholder regarding €0,05 per share will not be paid in cash but will be used for the full payment of new ordinary shares of the Company that will be issued at the Issue Price and will be allocated as fully paid shares to the shareholders so that the number of new shares that will be granted to each shareholder will equal the net payable amount of dividend in the form of shares corresponding to each shareholder divided by the Issue Price per ordinary share of the Company.
Where the number of shares to be allocated to each shareholder as above, is a fractional number, then if this fractional number is less than ½ it will be ignored, but if this number equals or is greater than ½, then one additional whole share will be granted.»
FINANCIAL CALENDAR OF CORPORATE ACTION
The Record Date for the dividend in the form of shares is Wednesday 18 December 2013, i.e. transactions that take place before market close of the Cyprus Stock Exchange on 13 December 2013 will be eligible for the dividend in the form of shares. Furthermore, eligible investors will be shareholders following off the exchange transfers completed on the record date, 18 December 2013. The ex-dividend date is Monday, 16 December 2013.
The new shares that will arise from the dividend distribution in the form of shares will be allocated to eligible shareholders on Monday 30 December 2013.
The Company will take all necessary actions for the listing of the new shares arising from the dividend distribution in the form of shares on the Cyprus Stock Exchange.
C.C.C. Secretarial Ltd
Limassol, 5 December 2013