It is announced that at the Extraordinary General Meeting of the company’s shareholders that was held on 30-10-2020, at the company’s head office (7, Lykovrysseos street, Metamorfosi, Attica, Postal Code 144 52), at 12:00, shareholders were present or represented, that held 79.016.256 shares of a total of 114.320.400 shares, which correspond to 69,12 % of the share capital. The decisions taken are the following:
Regarding the issue, the General Meeting approved the proposal to submit an application for the investment program of the company, based on Development Law 4399/2016 of the Ministry of Development and Investment in order to modernize the mechanical equipment in the quarry of the company located in Leptokaryes in the area of Volakas, in the Municipality of Kato Nevrokopi in the Prefecture of Drama.
The total investment will amount to Euros 8.164.128 from which Euros 1,641,000 (20,10% of the total investment) will be contractual and Euros 6.523.128 (79,9% of the total investment) will be with leasing.
The Company will cover the entire contractual investment with external financing. The National Bank of Greece has declared its intention to finance this amount with a ten-year loan, with one year grace period. By virtue of the above development law, the project will be subsidized with 35% tax exemption. (For 100% of those present - Against 0%)