The General Meeting of the shareholders of DEC today voted by a 96.69% majority to increase the share capital of the company by 4 billion. which is expected to proceed next week with a public offering in Greece and a private placement outside Greece to institutional and other eligible investors.

As noted in the management’s proposal, the share capital increase will contribute to the financing of the company’s investment program aimed at:

(i) accelerate investment in its main geographic markets;

(ii) develop its international presence;

(iii) invest in other areas that the company considers strategic or complementary to its core business; and

(iv) maintain flexibility for further growth opportunities in the energy and technology sectors.

With more than 99% of the votes cast, the proposals for changes to the company’s articles of association were also passed, as was the election of two members of the audit committee.

The meeting was attended by 595 shareholders representing 70% of the share capital

.