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Byte Computer: Sp. Byzantios accepted Ideal’s Public Offer

Byte Computer’s president and CEO Spyridogeorgis Byzantios – owner of 27.9% of the shares – accepted Ideal’s public offer, as the company announced today in its announcement. Mr. Byzantios will dispose of his shares and will remain in his position if the Public Offer is successful.

Byte Computer’s announcement in detail:

BYTE COMRUTER ANONIMI INDUSTRIAL AND COMMERCIAL COMPANY (the “Company”), in accordance with articles 7 and 17 of Regulation (EU) 596/2014, and for the purpose of the full and timely evaluation of the information by the investing public in view of the ongoing optional public offering (the “Public Offering”) of “Ideal Holdings S.A.” (the “Proposer”), announces that the President and CEO of the Company, Mr. Spyridogeorgis Byzantios, after taking into account the content of the 17.08.2022 reasoned opinion of the Board of Directors on the Public Offer and the financial advisor’s report attached to it:

1. accepted, today 01.09.2022, the cooperation proposal of “Ideal Holdings SA” from 28.07.2022. for his remaining in the position of President and CEO of the Company, in case of satisfaction of the validity condition of the Public Offer, i.e. acquisition by the Proposer of the Minimum Number of Shares within the framework of the Public Offer, with a dependent work relationship in accordance with the conditions included therein,

2. is to accept the Public Offer and offer the Offeror his 4,411,559 shares of ownership in the Company, which correspond to a percentage of 27.893% of the total paid-up share capital and total voting rights of the Company, in accordance with the procedure defined in the Information Bulletin.

In the context of ensuring the continuous and accurate information of the investing public, the Company will come back with a newer update as soon as an event that needs to be publicized takes place.

Source: Capital

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