JUMBO SOCIETE ANONYME ANNOUNCEMENT
Further to the relevant decisions of 04/03/2016 of the Board of Directors of the companies “JUMBO SOCIETE ANONYME” and “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” regarding the merger through absorption of the latter by the former, the Board of Directors of both companies, approved on 05/04/2016 the Plan of Merger Agreement which will be submitted for registration in the General Commercial Registry.
According to the Plan of Merger Agreement the shareholders of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” will exchange one (1) share of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” they hold for 202,1918131256950 new shares of “JUMBO SOCIETE ANONYME” of nominal value €0.88 each, and the latter’s shareholders shall keep the same number of shares they hold with a new nominal value of €0.88.
The above is subject to approval by the General Meetings of the shareholders of both companies, within the time limits set by the relevant provisions of law 2190/20 for the approval of the merger, which will be convened after the required registration of the Plan of Merger Agreement with the General Commercial Registry.
According to the Plan of Merger Agreement the shareholders of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” will exchange one (1) share of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” they hold for 202,1918131256950 new shares of “JUMBO SOCIETE ANONYME” of nominal value €0.88 each, and the latter’s shareholders shall keep the same number of shares they hold with a new nominal value of €0.88.
The above is subject to approval by the General Meetings of the shareholders of both companies, within the time limits set by the relevant provisions of law 2190/20 for the approval of the merger, which will be convened after the required registration of the Plan of Merger Agreement with the General Commercial Registry.