ACQUISITION IN NEW ZEALAND
The Management of the Société Anonyme under the name FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY and the distinctive title FLEXOPACK S.A.(hereinafter referred to as the Company) informs the investing public in accordance with article 4.1.1 point 12 of the Athens Exchange Regulation, as amended by the decision No. 201/15.04.2024 of the Steering Committee of the Athens Stock Exchange approved by the decision no. 1019/21.5.2024 of the Hellenic Capital Market Commission Government Gazette B/3178/05.06.2024, as well as Article 17 par. 1 of Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014, that in the context of further strengthening the Group's presence in the geographical area of New Zealand, where the Company’s subsidiary under the name Flexopack NZ Limited already operates, proceeded, through the aforementioned subsidiary, to the acquisition of a strong minority stake in the company Progressive Plastics Limited (hereinafter PPL), which is based in New Zealand and is active in the production of plastic packaging materials, through its production unit in Dunedin, New Zealand.
In particular, the above subsidiary of the Group acquired a 34% stake in PPL for a consideration of approximately 630 thousand New Zealand dollars (approximately 330 thousand euros based on the current exchange rate).
This transaction is part of the Group's broader strategic plan for the targeted strengthening and upgrading of the global production and distribution network of its products.
Koropi, 11 June 2025
On behalf of FLEXOPACK S.A.