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47th PRESS RELEASE OF HELLENIC INVESTORS ASSOCIATION

13 April 2021 

Hellenic Investors Association’s actions after the unanswered questions at the PIRAEUS BANK GM. (GENERAL MEETING) 

At the GM of Pireaus Bank held in 7-4-2021, there was no reasonable explanation given by the Board of Directors for its abrupt reversal, so that to explain how, from the statements of 27-10-2021 that «there is no supervisory need to raise the share capital whatsoever (sic)», to today’s devastation of the shareholders’ assets. The questions of many shareholders were bright and clear, however, they were not answered: «What changed from October and the (unnecessary until then) Share Capital Raise was decided ? » . At the GM we heard many half-truths (we will analyze them in another Press Release) that referred to forecasts, loan obliterations and lawsuits that the Direction didn’t perform, while its indifference for the shareholders was proved by its negligence to «forget» to suggest in the GM, as the minimum remuneration for the current shareholders, to attribute to them the mezzanine bond of 1 billion from the 4 securitation of titles PHOENIX , VEGA , SUNRISE 1 & 2 , but it generously grants them as a gift to the new shareholders.

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The roadmap is now clear for full compensation of investors in the Folli Follie case

PRESS RELEASE  - Athens, 10th September 2020

 

The roadmap is now clear for full compensation of  investors in the Folli Follie case

 

In a healthy and dynamic Capital Market, sometimes you win, sometimes you lose, but what is unforgivable is to lose your money due to fraud and not be fully compensated for it. In case of fraud, Regulatory and Supervision Authorities must immediately, assisted by Judicial Authorities, contribute to the rapid and full compensation of investors, as this is the only way for any Capital Market to  gain prestige and respect and attract investors. Unfortunately, this has not happened in Athens Stock Exchange so far, in the case of FF.

 

However, the recent announcement of the pre-trial detention of the 2 major shareholders of FF, even if it was provocatively delayed for 28 months, now paves the way for the full compensation of the injured investors in shares and bonds of the company.

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Hellenic Investors Association - 17th Press Release for the Share Stake Auction of FOLLI FOLLIE at ATTICA STORES

PRESS RELEASE

 

SHAREHOLDERS ACTIVISM RISES AGAIN IN GREECE - GREEK ENLISTED COMPANIES IN HELLENIC STOCK EXCHANGE ARE TAKING A LESSON FROM ABROAD OF THE TRUE ESSENSE OF RESPECT TO THE SHAREHOLDERS

On the 12th of December 2018, auction date of the “FOLLI FOLLIE share stake in ATTICA STORES” , we were amazed to witness the first ever signs of respect towards “small” shareholders expressed by a foreign company, namely Sports Direct International plc, a UK Stock Exchange enlisted Firm, with no ties to the Greek stock market whatsoever:

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