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Hellenic Exchanges Holding Clearing Settlement and Registry SA Approves Merger By Absorption Of Subsidiary And Contribution Of Central Securities Depository Business To TSEC


Tuesday, 24 Sep 2013 03:41am EDT 

Hellenic Exchanges Holding Clearing Settlement and Registry SA (HELEX) announced that its Board of Directors approved the Draft Merger Agreement for the merger of HELEX with its 100% subsidiary, non-listed at Athens Exchange “Athens Exchange S.A.” (ATHEX), with a transformation balance sheet date of June 30, 2013, in accordance with the provisions of articles 68§2, 69-75 and 78 of codified law 2190/1920 as well as articles 1-5 of law 2166/1993. In addition, it approved the terms of the spin-off from HELEX and contribution to its subsidiary “Thessaloniki Stock Exchange Centre” (TSEC) of the Central Securities Depository business, the Registry and Settlement management activities as well as the management of the Dematerialized Securities System, which are provided by HELEX in accordance with applicable laws, with a business spin-off date of June 30, 2013, in accordance with the provisions of articles 1-5 of law 2166/1993. 

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