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USB Bank acquired 9% of Hadjiioannou Farm

Renos Hadjiioannou Farm Public Company Ltd would like to inform the investing public that USB Bank Plc acquired 27,060,000 shares of the Company, which is more than 9% of the shares. The Company welcomes USB Bank Plc and its owners. It hopes that under the current difficult conditions, the presence of the Bank in its share capital will help the Company and will encourage other investors. The book value of the share is 4.5 cents per share pursuant to the audited balance sheets as at 31/12/2010 and the Company hopes that with the assistance of the new major shareholders, things will be better for all shareholders.

The Board of Directors will meet next week to examine the new data.
Wednesday, 6 July, 2011 - 14:32