Annual Financial Report for the period from1st of January to the 31st of December 2013
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6.30 Discontinued Operations
The Group, since 2009, applies IFRS 5 “Non-current assets held for sale & discontinued operations”, and
presents separately the assets and liabilities of the subsidiary company SOMETRA S.A., following the
suspension of the production activity of the Zinc-Lead production plant in Romania, and presents also the
amounts recognized in the income statement separately from continuing operations. Given the global
economic recession, there were no feasible scenarios for the alternative utilization of the aforementioned
financial assets. For that reason the Group plans to abandon the Zinc-Lead production while exploiting the
remaining stock of the plan. Consequently, by applying par. 13 of IFRS 5 “Non-current assets Held for Sale” the
Zinc-Lead production ceases to be an asset held for sale and is considered as an asset to be abandoned. The
assets of the disposal group to be abandoned are presented within the continuing operations while the results
as discontinued operations.
Following is presented the analysis of the profit and loss of the discontinued operations.
6.31 Sale of Treasury Shares
On 7.12.2007, the Board of Directors of the Company resolved on the commencement of the plan regarding
the acquisition of treasury shares, in implementation of the decision of the Extraordinary General Meeting
of the Company’s shareholders of 07.12.2007. In the period from 13.12.2007 until 06.12.2009, the Company
would acquire up to 6.053.907 treasury shares, at a minimum acquisition price of 2,08 €/share and a maximum
acquisition price of 25 €/share (amounts adjusted for the shares split of 19.12.2007). Following, the Company
cancelled 5,635,898 own shares by the 2nd Repeat General Meeting of the Company’s Shareholders of June
3rd.
MYTILINEOS HOLDINGS S.A. on 18 October 2013, pursuant to its BoD resolution on 17 October 2013, sold
4,972,383 treasury shares at the price of €5.13 per share for a total consideration of €25,508,325. Following the
above mentioned transaction MYTILINEOS HOLDINGS S.A. does not hold any treasury stock.
