Under Article 319 of the Texto Refundido de la Ley de Sociedades de Capital, which is made public by decision of the general meeting of shareholders held on June 12, 2014 , all reservations to offset losses having been applied, as provided for in Article 322.2 of the Texto Refundido de la Ley de Sociedades de Capital, the company has reduced its share capital by the amount of 2,926,500.00 euros, to restore the balance between capital and net worth society as a result of decreased losses by reducing the nominal value of shares that have passed 2,910.00 euros par value each. Accordingly amended Article 5 of the bylaws, noting the capital in the amount of 4,365,000.00 euros and making notes that, according to the provisions of Article 335 a) of the Texto Refundido de la Ley de Sociedades de Capital, creditors may not object to the reduction. The implementation of the agreement will take place immediately.
Accordingly, we will proceed to stamp the certificates representing the shares in order to match the nominal value of each share after reduction agreed with the capital subscribed and paid.
The deadline for marking titles shall be three months from the publication of this notice in the Official Bulletin of the Commercial Registry and in the website of the company.
To this effect, the shareholders must submit the original certificates in the office of the company situated in Marbella, Ronda road (A-397), km 44.5.
In accordance with the provisions of Article 117 of the Texto Refundido de la Ley de Sociedades de Capital, the titles which are not shown to stamp within aforementioned will be canceled and replaced by others whose emission was also announced in the Official Gazette of the Register Commercial and on the website of the company and will be delivered or sent to the person whose name appears on the Register of Registered Shares. If that person cannot be found, the titles shall be deposited at the Company on behalf of the person proving ownership.
Benahavis, June 12, 2014. Secretary of the Board of Directors, Christopher Cuart Sintes.
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