Taquin Holdings sold 13.38% of Orphanides capital to Chr. Orphanides against €1.5mn

Orphanides Public Company Limited announces that pursuant to Law 190(I) 2007, it was informed by Taquin Holdings Limited that it has sold the shares that it held in the share capital of the Company, that is, 10,836,780 (13.38%) to Mr. Christos Orphanides. The briefing has been received by Taquin Holdings Limited and Mr. Christos Orphanides. The transaction was carried out on November 11, 2011 for the total value of €1,538,822.70.

The transaction was carried out following the safeguard of an exemption from the Cyprus Securities and Exchange Commission, pursuant to the Takeover Bid Law 2007.