Aphrodite Springs Public : Repayment of a payable of approximately €5,000,000 (the “Payable”) to the two major shareholders of Aphrodite Springs Public Limited (the “Company)

0280/00038287/en

Alteration of capital/dept (Increase/Reduction/Cancellation/ Split/ Consolidation etc)

Aphrodite Springs Public Ltd

ASPL1 - Aphrodite Springs Public Ltd

Repayment of a payable of approximately €5,000,000 (the "Payable") to the two major shareholders of Aphrodite Springs Public Limited (the "Company)

The Company announces that following internal discussions between the management of the Company and its two major shareholders which took place in July 2021, it was agreed that it is in the Company's best interests that the Payable is not repaid in cash but instead be capitalised. As a result, the Company will proceed in due course with the increase of its share capital and shares will be issued to the two major shareholders, instead of cash, on a pro rata basis of their contribution to the Payable. Announcements will be made when the Company is ready to proceed with the procedure of the increase of share capital and this will be carried out in accordance with applicable laws and regulations and in compliance with the Company's articles of Association. It is noted that the Company has been ready to proceed with the aforementioned plan, however, due to some procedural requirements the Company expects to implement the capitalisation within the following six months.

Not Regulated Filing Date: 17/03/2022 09:44