The Hellenic Capital Market Commission approved the squeeze out for Nikas

Nikas announced that the Board of Directors of the Hellenic Capital Market Commission:

(a) approved the request of Cryred Investments (the “Offeror”) regarding the exercise, in accordance with article 27 of Law 3461/2006 and decision no. 1/644 / 22.4.2013 of the Board of Directors of the EC, the right of redemption of all the common, registered voting shares of the Company not held by the Offeror and the persons acting in coordination with the Offeror within the meaning of article 2 (e) Law 3461/2006, as defined by the said persons in the Information Bulletin for the public proposal approved on March 4, 2022 by the Board of Directors of the EC. (the “Redemption Right” and the “Redemption Shares”) and

(b) set as the date of cessation of trading of the Company’s shares on June 14, 2022.

2) According to the decision No. 1/644 / 22.4.2013 of the Board of Directors of the EC, the Offeror will pay in cash a gross price of € 1.24 per redeemable Share of the Company (the “Price”) to the societe anonyme with the name “Hellenic Central Securities Depository Societe Anonyme”, which manages the Intangible Securities System (“DSS”), in order to proceed with the credit of the corresponding Price.

(a) to the financial settlement accounts of the Participants / Intermediaries through which the beneficiaries comply with the DSS. the redeemable Shares, for those beneficiaries who have provided to the Participants / Intermediaries the relevant authorization to collect the Price, according to the relevant order for collection of the Price that the beneficiaries have provided to their Participants / Intermediaries, and

(b) to the Deposits and Loans Fund (“TSI”) in favor of:

i. those beneficiaries who have not provided a relevant mandate to their Participants / Ombudsmen

ii. of the holders of the redeemable shares that are in a Special Temporary Transfer Account (as defined in the Operating Regulations of EL.K.AT.), and

iii. of the holders of any rights on the securities on which at the end of the corporate transaction there will be an active pledge, usufruct or have been seized due to seizure.

3) The Payment of the Price will be made within three (3) working days after the completion of the liquidation of the transactions that will be prepared on the last trading day of the Company’s shares.

The foreseen transaction tax will be deducted from the amount payable, while the Offeror will undertake the charge from the rights in favor of EL.K.AT. which are borne by the sellers / holders of the Shares to be redeemed, according to the Annex of Decision 18 “Price List of Charges” (meeting 311 / 22.02.2021) of the Board of Directors of EL.K.AT., as amended and in force.