Aspis raises fresh capital

The Board of Directors of Aspis Holdings Public Company Ltd (ASP.CY) announced the following decision following a Board meeting.
1) The cancellation of Resolution 1 of the EGM, which involved the authorization to issue and allocate up to 18,000,000 shares of nominal value EUR0.68 each at the price of EUR 1.20 each as a consideration for the purchase of properties and/or movable securities, listed and not listed, and/or the purchase of other companies or businesses at the sole discretion of the Board of Directors
2) The issue of 58,975,639 new shares of which 38,433,334 shares of nominal value EUR 0.68 each will be issued against EUR 1.20 and 20,542,305 shares will be issued for the purchase of 27,382,893 existing shares of Commercial Value SA.
With the Company’s participation in the capital increase of Commercial Value in cash and the purchase of the aforementioned shares, the total stake that the Company will hold in Commercial Value will stand at 61.88%.