The right to acquire the minority of REDS is exercised by the company, as announced today (17.1.2025). As Greece says in its communication, they amount to 1,444,274 shares, with the price per title ‘locking’ at 2,70 euros. It is recalled that Greece is already a shareholder of Reds, with 97.4854 % of the share capital. CORVERSE In detail the announcement of Greece: The company under the name ‘ELLAKTOR ANNOUNCER COMPANY’ and the distinctive title ‘ELLAKTOR S.A.’ (hereinafter the ‘Company’), based in Kifisia, Attiki, Ermou 25, T.C. 14564, with AFM 094004914, already a shareholder by 97,4854% on the company’s share capital under the name REDS ANNOUNT COMPANY FOR THE DEVELOPMENT OF INITIATIVES AND SERVICES and the distinguishing title ‘REDS S.A.’ (hereinafter ‘REDS’), which is based in Kifisia Attica, Ermou 25, T.C. 14564, with AFM 094007180, states that: By No 46/2025 (08.01.2025) of the Athens Single Member Court of First Instance (Admissibility Procedure) the request of ELLACTOR S.A. and authorised, as defined in No. 47 of Law 4548/2018, by GAK/ECC 92414/267/2024, in its capacity as shareholder of a majority of 97,4854%, acquired by the regulated purchase of the Athens Stock Exchange from 19.04.2024 and until 17 June 2024, and held at the time of submission of the application, to acquire shares of the minority shareholders of the public limited company REDS S.E., amounting to 1,474 shares, at the price of the two euros and seventy minutes of the euro (€2,70) per share, at the time of submission of the total exchange of the claim, in exchange for the shares of the shares of the public limited shares of the public limited company of the public holding company, after having been paid by the majority of the public fund and 47. The calculation of the exchange of the two euros and seventy minutes of the euro (€2,70) for the value of each share was made by the Court on the basis of the Court’s report of the audit company under the name ‘COMPASS Orcots Auditors and Business Consultants Single persons I.C.E.’ for the preparation of which No. 17 of n.4548/2018 was applied for the purposes of No. 47 n 4548/2018, as part of the acquisition of minority shares by ELLACTOR SA. CORVERSE Following this decision, ELLACTOR SA, which currently holds 97,4854% of the capital of REDS SA, publicly declares to the minority shareholders of the company ‘REDS ANNOUNCEMENT COMPANY FOR THE DEVELOPMENT OF IMMUNITIES AND SERVICES’ that it exercises the right to acquire their shares, as included in the decree of 46/2025 of the Athens Single Member Court of First Instance and No. 47 of Law 4548/2018, in respect of the price of two euros and seventy minutes of the euro (€2,70) per share. As part of the above procedure, the Company submitted to ALFA BANK S.A. ‘ALPHA BANK’ (hereinafter the Bank) based in Athens (Standiou Street, number 40), with VAT 996807331, the total consideration corresponding to all Minority Shareholders for their acquisition, as defined per share by the above decision, as well as official copies of the above decision and the published valuation (July 2024) of COMPASS Auditors and Business Advisors Monoface I.C.E., which amounts to EUR two and seventy minutes of the euro (2,70€) per share. ‘ALPHA BANK’ shall pay the corresponding price to the beneficiaries – minority shareholders corresponding to the number of their shares, as derived from the Sharebook of the company ‘REDS S.A.’ held at ATHEXCSD as an unlisted Publisher, in accordance with its relevant decision (paragraph 8 of ATHEXCSD Decision 8/8.12.2023, as follows: Through the Participants of the Beneficiaries in the S.A.T. (Banks, depositors and stock companies), in accordance with the current rules of operation of EL.K.A.T. and the relevant decisions of ATHEXCSD. Especially in cases where the redemption price (a) of deceased beneficiaries is paid, the Securities of which are held in a Special Account of Death, (b) beneficiaries, the Securities of which are held in a Special Account for Temporary Transfer, and (c) beneficiaries, the Securities of which are held in the handling of insolvent Participants, the payment process will take place after the completion of the legalisation/settlement of the aforementioned Minority Shareholders, through “ALPHA BANK” for six (6) months, i.e. until 31.07.2025. More specifically, for the collection of the Bank’s share swap (ii), Minority Shareholders will communicate with the Bank’s Payments & Investments Operations Operational Area / Custody Operations Team and in particular with Evi Apostolas and Despina Canellos (tel.: 2103436704, 210346698 e-mail: [email protected] ) in order to: be informed about the process of identifying/ legalising representatives of Natural/ Legal Persons respectively. to receive the form of the Exchange Payment Order by which they will indicate the account number and the Credit Institution to which they wish to deposit part of the consideration of their shares. submit, exclusively by email or registered mail, the Payment Order Exchange duly completed and deemed through JEPs or GOV.gr to receive, if they so wish, only by e-mail copies of the documents of the No. 46/2025 decision of the Athens Single-Member Court of First Instance (Procedure for Willing Jurisdiction) and the aforementioned valuation of the auditing company COMPASS Actors Auditors and Business Consultants One-person I.K.E. The Bank, upon receipt of the Exchange Payment Order, will check the legalisation of each Minority Shareholder and credit the ratio to each of them in exchange for the shares, as determined by the above court decision, to the bank account which has been declared by him in the Exchange Payment Order. After six months of the legal publication of this Public Statement, the Bank will hand over to the Deposits and Loans Fund, the part of the total consideration of the shares acquired and not sought. Immediately after the publication of this Public Statement as defined in the Law (Article 47 Law. 4548/2018) the shares of the minority to be acquired are automatically transferred to the Company. For more information, please contact the Company’s Investment Relations Directorate (communications telephone 210 8185078 and 210 8185076) as well as the relevant department of ALPHA BANK (communication call 210 3436704/ 210 3466298).
Greece: Buys REDS minority shares
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