ANNOUNCEMENT - Acquisition of Eurobank’s shares by subsidiaries of Fairfax Financial Holdings Limited («Fairfax»)
Friday, March 27, 2015
ANNOUNCEMENT
Acquisition of Eurobank's shares
by subsidiaries of Fairfax Financial Holdings Limited («Fairfax»)
Eurobank Ergasias S.A. (hereafter “Eurobank”) announces, pursuant to article 10 of Law 3340/2005, as in force, and following notification received from Mr. Wade Sebastian R.E. Burton, who holds a managerial position in Eurobank as a non-executive director in Eurobank's Board of Directors, the below acquisitions of Eurobank's shares:
(i) on 23.3.2015 the following companies acquired 110,000,000 shares of Eurobank amounting to €10,263,000 in total, corresponding to an average acquisition price of €0.0933 per share:
|
Legal Name |
Number of Eurobank's shares |
|
Advent Capital (No. 3) Ltd. |
45,800,000 |
|
Odyssey Reinsurance Company |
55,000,000 |
|
Newline Insurance Company Limited |
7,800,000 |
|
Fairfax Financial Holdings Master Trust Fund |
1,400,000 |
|
Σύνολο |
110,000,000 |
(ii) on 24.3.2015 the following companies acquired 41,000,000 shares of Eurobank amounting to €4,141,000 in total, corresponding to an average acquisition price of €0.1010 per share:
|
Legal Name |
Number of Eurobank's shares |
|
Newline Corporate Name Limited |
23,400,000 |
|
Newline Insurance Company Limited |
15,600,000 |
|
Fairfax Financial Holdings Master Trust Fund |
2,000,000 |
|
Σύνολο |
41,000,000 |
This notification is made because Mr. Wade Sebastian R.E. Burton holds the position of portfolio manager at Hamblin Watsa Investment Counsel Ltd., a wholly owned subsidiary of Fairfax Financial Holdings Limited, which has entered into investment management agreements with the abovementioned companies.