06.20

Kinanis LLC Assists with Large Share Premium Reduction in Cyprus

Reduction of Share Premium Account of a Company


Our Work

Kinanis LLC has acted as a legal advisor and assisted with the reduction of the share premium account of the company in the amount of €230,325,230 with the return to its shareholder by way of payment in kind by transferring assets of the Company of equal value to the reduction proceeds. Simultaneously, Kinanis LLC assisted with the negotiations on behalf of the company with certain credit institutions of the release of the securities granted by the company