COMPLETION OF THE SHARE CAPITAL INCREASE AND DISPATCH OF LETTERS REGARDING THE GRANTING OF SHARES
Following its previous announcement of 30 May 2018, Cosmos Insurance Public Company Limited (the "Company") announces that the increase of its share capital was completed on 7 June 2018 with the completion of the procedure of disposal of the shares corresponding to Preemption Rights not exercised by the Preemption Rights Beneficiaries during the Exercise Period ("Undisposed Shares").
Out of the 21.21 million Undisposed Shares, it has been decided to dispose 15.26 million shares to investors who have expressed an interest in acquiring Undisposed Shares. It is noted that the coverage ratio from the disposal of Undisposed Shares rose to 71.9%. It is also noted that the letters regarding the granting of the new shares were mailed to the beneficiary shareholders on 7 June 2018.
The date of listing and commencement of trading of the new shares on the Cyprus Stock Exchange ("CSE") will be announced in due time and once all the relevant approvals have been obtained by the CSE in accordance with the legislation, the regulations and the regulatory decisions in force at the time.