Foodlink: Acquisition of 55% of ‘General Transport’

Foodlink announced the acquisition of the majority stake in General Transport.

As mentioned in the relevant corporate announcement, “the Company” FOUNDLINK SOCIETE ANONYME COMMERCIAL AND INDUSTRIAL FOOD REPRESENTATIVES AND DISTRIBUTION COMPANY “announces to the investing public the acquisition of 55% of the company

The company GENERAL TRANSPORT ATHINAIKI SA has been active in the field of national transport since 1969. With branches in major Greek cities and a wide network of agents and correspondents, it offers a full range of transport and Logistics services with a particularly strong presence in Clothing and Footwear Logistics.

The company is managed by a five-member Board of Directors, the three members of which were proposed by FOUNDLINK SA. and were elected by the Extraordinary General Meeting of Shareholders of 24^ης September 2021.

The acquisition of 55% was completed on the 10th^the November 2021, with the acquisition of 23.57% of the existing share capital of the company, as FOUNDLINK SA held a percentage of 31.43% according to its previous announcements.

The total price for the acquisition of 55% of the company amounted to 1,910,700.00 euros, of which 1,460,700.00 Euros is a share redemption price and 450,000.00 Euros are a contribution for the Company’s participation in its Share Capital Increase. GENERAL TRANSPORT ATHINAIKI SA which was decided at the Extraordinary General Meeting of Shareholders of 24^ης September 2021. The financing of the paid price was done by the Equity of the Company.

For the more complete information of the investing public, the Company will issue an Information Note, in accordance with article 13 par. 4 of the Rules of Operation of the Alternative Market.