With & nbsp; Squeeze Out they want to acquire 100% of the shares of & nbsp; Amathus Public Limited or the & nbsp; team of Messrs. Plato, Antigone, Joanna and Teresa Lanitis, the team of Messrs. Costa, Evagora and Iasona Lanitis, Mr. Marios Lanitis, Mrs. Isabella Iliadis and the companies Lanitis E.C. Holdings Limited and Unity Managers (Cyprus) Limited.
Following the announcement dated 14 February 2022 regarding the completion of the Public Offer to the shareholders of Amathus Public Limited (“Amathus”), the team of Messrs. Plato, Antigone, Joanna and Teresa Lanitis, the team of Messrs. Costa, Evagora and Iasona Lanitis, Mr. Marios Lanitis, Mrs. Isabella Iliadis and the companies Lanitis E.C. Holdings Limited and Unity Managers (Cyprus) Limited (the “Bidders”) hereby announce that the Bidders' shareholding in Amathus is 92,207%.
Under the terms of the Bid In case they acquire at least 90% of the issued share capital of Amathus, they intend to exercise the right granted to them by Article 36 of the Law on Public Offers of Acquisition, Law 41 (I)/2007 as amended (the “Law”) for a right of redemption (Squeeze Out) to acquire 100% of Amathus shares, in exchange for the proposed consideration of € 0.20 per share. This right is exercised within three months from the end of the acceptance period of the Public Offer.
The Bidders announce to the investing public hereby, and in accordance with the provisions of the Law, that on 16 February 2022 they have submit a request to the Cyprus Securities and Exchange Commission for the exercise of the Squeeze Out right provided by law.
