P.G. NIKAS S.A. releases that the company GCI Food Enterprises Limited (henceforth: the "Offeror") according to article 23 of Law 3461/2006 on the "Implementation of EU Directive 2004/25/EK regarding public offers", the societe anonyme announces the following:
- On the 18th July 2006 the Offeror submitted a mandatory tender offer (henceforth: the "Tender Offer") to acquire the total common bearer shares of the societe anonyme under the name of P.G.NIKAS S.A. (henceforth: the "Company") which were not directly or indirectly held by the Offeror, namely 10,131,328 shares, which represent approximately 50.08% of the total paid-up share capital and the voting rights of the Company at that date. The Capital Markets Commission has approved the contents of the Offeror's Offering Circular pursuant to the decision of its Board of Directors dated 2 August 2006. The acceptance period of the Tender Offer began on Monday 7 August 2006 and ended on Friday 8 September 2006.
- The contract of off-exchange transfer of 804,516 shares, namely shares that represent 3.98% of the total paid-up share capital of the Company which were offered at the Tender Offer will is expected to take place on September 18th, 2006.
- During the acceptance period the Offeror acquired through the stock exchange 5,111,882 shares of the Company, namely shares that represent 25.27% of the total paid-up share capital of the Company.
- As a result, the number of shares that the Offeror will have acquired after the contract of off-exchange transfer amounts to 16,016,398 shares of the Company, namely shares that represent 79.17% of the total paid-up share capital of the Company.