MFS in reverse stock split

An Extraordinary General Meeting of shareholders of MFS Holdings Pcl (MFS) approved the resolution to reverse stock spilt of the Company’s authorised share capital from 300 mln shares of a nominal value of 4 cent each to 30 mln shares of a nominal value of 40 cent each. Shareholders also approved a resolution to reverse stock split of the issued share capital from 173,929,010 shares of a nominal value of 4 cent each to 17,392,901 shares of 40 cent each.

The EGM also approved the resolution to increase the capital by CYP 5 mln through the issue of 12.5 mln new shares of a nominal value of 40 cent each. The shares will be offered to a maximum of 20 investors who will offer a minimum consideration of CYP 100.000 each.