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Nikas: Cryred Investments with approximately 99.93% upon completion of the over-the-counter transfer of shares

The results of the Mandatory Public Offer of “CRYRED INVESTMENTS LIMITED” (Proposers) for the acquisition of all the common registered voting shares of Panagiotis G. Nikas Societe Anonyme Industrial and Commercial Company announced today in exchange for 1.24 euros per share listed.

As the company states in a relevant announcement, the Acceptance Period started on March 10, 2022 and ended on April 7, 2022. During the Acceptance Period, 39 Shareholders legally and validly accepted the Public Offer (hereinafter the “Accepted Shareholders”), offering a total of 548,619 Sharesrepresenting approximately 1.03% of the total paid-up share capital and voting rights of the Company (hereinafter the “Shares Offered”).

From the Date of the Public Offer until the end of the Acceptance Period, the Offeror acquired through the Athens Stock Exchange (hereinafter the “ATHEX”) and / or over-the-counter total 2,048,835 Shares, representing approximately 3.85% of the total paid-up share capital and the voting rights of the Company at a price per Share equal to the Offered Exchange.

Therefore, upon completion of the OTC transfer of the Offered Shares, the Offeror and the Coordinated Persons will hold a total of 53,118,675 Shares corresponding to approximately 99.93% of the total paid-up share capital and the voting rights of the Company. Additional Shares that the Offeror may acquire after the end of the Acceptance Period until the date of completion of the above OTC transfer are not included in the above percentage.

The payment of the offered Exchange to the Accepted Shareholders will start on April 13, 2022.

See the full announcement in the right column “Related Files”

Source: Capital

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