Annual Financial Report for the period from 1st of January to the 31st of December 2012
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3.10 Significant information
During the reporting period, the Group proceed to the following:
Korinthos Power, a MYTILINEOS Group subsidiary, obtained a commercial operation permit for the power plant
rated at 436ΜW. The power plant is located at the Motor Oil industrial complex at Agioi Theodoroi, Korinthia.
The power plant’s engineering study, supply, construction and commissioning - including the closed type sub-
station as well - was undertaken and successfully completed by ΜΕΤΚΑ S.A., a MYTILINEOS Group subsidiary.
On April 18, 2012, the company divested six thousand six hundred and ten (6.610) fractional share balances that
resulted from the share capital increase of MYTILINEOS HOLDINGS SA for the amount of five million nine hun-
dred fifty seven thousand a hundred and forty one euros and fifty four cents (5.957.141,54€) with premium capi-
talization of reserves. The net proceed of such divestiture - after subtracting all expenses and tax - amounts to
two euro and seventy five cents (2,75 euro per share).
The Extraordinary Unsolicited and Global General Shareholder Assembly of April 26, 2012 of the 100% subsid-
iary titled «MOVAL GENERAL TRADING, INDUSTRIAL AND MINING INC», decided the following: The increase
of the Company’s share capital by the amount of six hundred thousand (600.000) euro in cash and the issu-
ance of six hundred (600.000) thousand new stocks of nominal value one (1,00) euro each, and a sale price of
seven euro and sixty six cents (7,66) for each new share with limitation of the pre-emption right of old company
shareholders and respective amendment of article 5 of Articles of Association. As a result of the above men-
tioned increase, share capital amounts to € 1.200.000,00 broken down in 1.200.000 nominal shares, € 1,00
nominal value each.
On June 11, 2012, all shares of the company titled «MOVAL GENERAL TRADING, INDUSTRIAL AND MINING
INC» were transferred to Protergia, a subsidiary of MYTILINEOS HOLDINGS SA.
Moreover, new natural gas supply contracts were signed for Aluminium S.A., Protergia and Korinthos Power,
subsidiaries of the Group, with DEPA S.A., under a Combined Quantity Management umbrella deal for all
plants.
Under this Agreement, effective thru end-2014, the uninterrupted provision of pipeline natural gas is ensured
for the three thermal power plants as well as for the thermal consumption of Aluminium S.A.
On July 9, 2012, MYTILINEOS S.A. participated in the share capital increase of the company titled GENIKH
BIOMHXANIKH AMYNTIKOY YLIKOU, obtaining a 2,25% share of the share capital. The specific company is
integrated by 100% as of joint administration.
On July 31, 2012, all shares of the company titled «ARGYRITIS GI BASE METAL INDUSTRIAL & COMMERCIAL
INC» were transferred to Protergia, a 100 % subsidiary of MYTILINEOS HOLDINGS SA.
Through decision no. 14613-04/09/2012 by the competent Minister (Ministry of Infrastructure, Transport &
Networks) the contracting classification of ΜΕΤΚΑ S.A., a subsidiary of MYTILINEOS Group, was promoted.
The specific subsidiary was promoted to the highest grade (7th) of the Contractor’s Register (ΜΕΕP). In fact,
under no. D15/11072/04.09.2012 MEEP certificate by the competent Ministry, the company is now qualified for
constructing a wide range of public works without top limit with respect to project budget.
In September 2012 the subsidiary ΜΕΤΚΑ S.A. was served an assignment letter for the extension of an existing
power plant in Jordan (1st EPC Project). The appointing agency is Samra Electric Power Co. (SEPCO) and the
project refers to Design, procurement, construction and commissioning of a 143MW power plant which consti-
