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SEC: Exception for PO to Louis

21/10/2011 13:22
The Cyprus Securities and Exchange Commission gave an exception to Clin Company in relation to its obligation to submit a public offer for the acquisition of Louis.

According to the announcement, at a meeting held on October 3, 2011, the Cyprus Securities and Exchange Commission decided, after a request by Clin Company Ltd, to grant an exception to the company from its obligation to submit a Public Offer to the shareholders of Louis Plc that will result from the acquisition of 17,951,794 shares held by Mr. Costakis Loizou.

Clin belongs to Costakis Loizou.