NOTOS COM ΣΥΜΜΕΤΟΧΕΣ Α.Ε.Β.Ε.
Announcement
Notos Com announces its participation in the Initial Public Offering of its supplier GANT Company AB in the Stockholm Stock Exchange. GANT Company AB, one of the fastest growing companies in the branded apparel and footwear markets, with a presence in 67 countries, exhibited a 5-fold increase in turnover and operating profits over the 10 years, while projections include a 10% increase in turnover and 17% in net profit per annum, for the next 3 years. Co-operation with Notos Com started in 1990, with an exclusivity contract for Greece. Since then, co-operation was extended in Cyprus, Poland, Slovenia, Serbia, FYROM, Montenegro, Albania, Malta, Bulgaria, Romania, Austria and most recently Turkey and Croatia, always on exclusivity agreements. Notos Com currently accounts for 8% of GANT aggregate turnover. Our company's participation in the IPO was for 330.000 shares, representing 2.06% of GANT Company AB post-offering share capital, against a total price of approximately 4.94 mln euro.