Demetra Investments capital reduced

The Nicosia District Court issued a decree for the approval of the reduction of capital of Demetra Investments Public Limited. The application for the reduction of capital will be submitted to the Companies Superintendent Department, pursuant to the relevant law.
According to the Nicosia District Court decree, the reduction of capital will be achieved as follows:
1. That the authorized share capital, which amounted to CYP 250,000,000 divided into 250,000,000 shares of nominal value CYP 1.00 each be reduced to CYP 125,000,000 divided into 250,000,000 shares of CYP 0.50 each.
2. That the issued share capital, which amounted to CYP 200,000,000 divided into 200,000,000 shares of nominal value CYP 1.00 each be reduced to CYP 100,000,000 divided into 200,000,000 shares of CYP 0.50 each.
3. That the nominal value of the share is reduced from CYP 1.00 each to CYP 0.50 each.
4. That the authorized share capital be increased to CYP 250,000,000 with the introduction of 250,000,000 shares of CYP 0.50 cents each, which will rank pari passu with the existing shares.