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Hadjiioannou Farm: Clarification on acquisition of shares by USB Bank

Further to its announcement released yesterday and the announcement of USB Bank Plc, Renos Hadjiioannou Farm Public Company Ltd would like to clarify the following in order to inform the investing public:

1. The shares that have been acquired by USB Bank Plc did not secure the Company’s debt but that of shareholders and, therefore, the debt to the bank is not reduced.

2. The Company does not believe that it belongs to any Group and is not involved in the disputes of its shareholders either among them or with third ones. The disputes among the shareholders do not concern it.
Friday, 8 July, 2011 - 08:28