Quest Holdings S.A. (hereinafter the Company) gives notice that Decision no. 146/2002 of the Multi Member Court of First Instance of Athens upheld the petition of the company under the name "G.E. DIMITRIOU S.A.", dated 31/03/2021 bearing General Filing Number 16524/2021 and Special Filing Number 98/2021, regarding the immediate ratification of the restructuring agreement (according to article 44 of Law 4738/2020) and ratified the restructuring agreement dated 30/03/2021 between "G.E. DIMITRIOU S.A." and its creditors. The Board of Directors of the Company was informed about the Extraordinary General Meeting of the shareholders of "G.E. DIMITRIOU S.A.", that was convened on 18/7/2022 in implementation of the restructuring agreement and in particular, article 7 thereof. The General Meeting decided, inter alia, to increase the Share Capital of the Company by the amount of five million euros (€ 5,000,000.00) with the issuance of one hundred and twenty-five million (125,000,000) shares of a nominal value of four cents (€ 0.04) each. Furthermore, the Board of Directors of the Company was informed that the restructuring agreement stipulates that the Company undertakes, in accordance with the terms of the restructuring agreement, the obligation to cover the entire amount of the increase of the share capital of the company "G.E. DIMITRIOU S.A. ", within six (6) months upon the ratification of the restructuring agreement by the competent Court, and that the existing shareholders will participate in the increase of the share capital of "G.E. DIMITRIOU S.A.", up to the amount of two hundred and ten thousand two hundred and thirty-nine euros and sixteen cents (€ 210,239.16).
Following the above, the Company informs the investors that the Board of Directors of our Company has decided to participate in the increase of the share capital of "G.E. DIMITRIOU S.A." with an amount of up to five million euros (€ 5,000,000.00), in accordance with the provisions of the restructuring agreement and provided the relevant authorisation to executive members of its Board of Directors to carry out the necessary actions for the implementation of said resolution.
Moreover, the Board of Directors decided to inform the existing shareholders of "G.E. DIMITRIOU S.A." regarding our Company's intention (as a future 95.03% to 99.21% shareholder), in view of the current market conditions and the financial data of "G.E. DIMITRIOU S.A." to pass a resolution of the General Meeting of "G.E. DIMITRIOU S.A.", in accordance with the provisions of article 17 § 5 of Law 3371/2005 regarding its delisting from the Athens Stock Exchange and, subsequently, to submit a relevant request to the Capital Market Commission.