Fr. Koulermos paid the consideration to the shareholders of Telia who accepted the PO – Squeeze out
17/10/2011 9:55
Mr. Frixos Koulermos (the Offeror) announces that he has paid the price of the public offer to the shareholders of Telia Aqua Marine Public Limited who accepted the Public Offer with a proposed consideration of €0.40 per share and has proceeded with the transfer of the said titles in his name.
At the date of the current announcement, the Offeror holds 96.38%, that is, 21,904,619 shares in the total issued share capital of the Company. Via the Public Offer, 4,408,154 shares have been transferred to the Offeror, that is, 19.4% of its issued share capital.
The Offeror will take all necessary measures to exercise a squeeze out and to transfer the remaining 3.62% of the issued share capital of the Company that it is not in his name.
At the date of the current announcement, the Offeror holds 96.38%, that is, 21,904,619 shares in the total issued share capital of the Company. Via the Public Offer, 4,408,154 shares have been transferred to the Offeror, that is, 19.4% of its issued share capital.
The Offeror will take all necessary measures to exercise a squeeze out and to transfer the remaining 3.62% of the issued share capital of the Company that it is not in his name.
