We wish to inform you that CLR Investment Fund Limited has signed an agreement with Michalis & Antigoni Investments Limited and Lemeco Industries Limited, an agreement pursuant to which CLR Investment Fund Ltd allocates to Michalis & Antigoni Investments Limited and Lemeco Industries Limited an option to be valid for 24 months from the date of the signing of the agreement for the exchange of 2,312,500 shares of CLR Capital Limited possessed by Michalis & Antigoni Limited and Lemeco Industries Limited and/or companies of the Elma Holdings Limited Group, with 6,125,000 shares of Elma Holdings Limited possessed by CLR Investment Funds Ltd.
Pursuant to the aforementioned agreement, Michalis & Antigoni Investments Limited and Lemeco Industries have allocated an option to CLR Investment Fund Limited with the same terms as described above.
CLR Investment Fund Limited has proceeded to a private evaluation of the shares and considers that this exchange will be a fair.
The aforementioned agreement was signed within the framework of the strategic cooperation between Elma Holdings Limited and CLR Capital Limited, which started with the acquisition of Toxotis Investments Ltd by CLR Capital Limited and aims at confirming the will on behalf of the two parties not to alienate the shares for the next 24 months.
Toxotis has, therefore, signed a similar agreement with Toxotis Investments Limited, which will be announced on the same date with this announcement.
It is noted that the two Groups will abide by the provisions of the legislation concerning the disperse of their issued capital and the shares to be acquired by the exercise of option will be included in the total disperse.
Pursuant to the aforementioned agreement, Michalis & Antigoni Investments Limited and Lemeco Industries have allocated an option to CLR Investment Fund Limited with the same terms as described above.
CLR Investment Fund Limited has proceeded to a private evaluation of the shares and considers that this exchange will be a fair.
The aforementioned agreement was signed within the framework of the strategic cooperation between Elma Holdings Limited and CLR Capital Limited, which started with the acquisition of Toxotis Investments Ltd by CLR Capital Limited and aims at confirming the will on behalf of the two parties not to alienate the shares for the next 24 months.
Toxotis has, therefore, signed a similar agreement with Toxotis Investments Limited, which will be announced on the same date with this announcement.
It is noted that the two Groups will abide by the provisions of the legislation concerning the disperse of their issued capital and the shares to be acquired by the exercise of option will be included in the total disperse.
Thursday, 16 October, 2003 - 10:09