ΜΙΝΩΙΚΕΣ ΓΡΑΜΜΕΣ Α.Ν.Ε.
Announcement pursuant to art.24 par.2 (a) of Law 3461/2006
Pursuant to the provisions of article 24 par. 2 (a) of Law 3461/2006, as in force, and following the submission, on October 14th, 2008 of the obligatory tender offer by GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. for the acquisition of the outstanding shares of MINOAN LINES SHIPPING S.A. not held by GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. directly or indirectly and following the announcements already made by GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. on October 15th, 2008, October 16th, 2008, October 17th, 2008, October 20th, 2008, October 21st, 2008, October 22nd, 2008, October 23rd, 2008, October 24th, 2008, October 27th, 2008, October 28th, 2008 and October 30th, 2008 pursuant to article 24 par. 2 (a) of Law 3461/2006, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. announces pursuant to article 24 par. 2 (a) of Law 3461/2006 the following:
On October 29th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. held in total, directly and indirectly, 25.339.264 common shares of MINOAN LINES SHIPPING S.A., acquired from the ATHEX, corresponding to a percentage of 35,73% of MINOAN LINES SHIPPING S.A.?s paid up share capital and voting rights. On October 30th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. acquired through the ATHEX 115.180 common shares in MINOAN LINES SHIPPING S.A. corresponding to a percentage of 0,16% of MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights.
It is also specified that, on October 27th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. acquired from its subsidiary company ATLANTICA S.p.A. DI NAVIGAZIONE, through an OTC transaction, 19.500.000 common shares in MINOAN LINES S.A. corresponding to a percentage of 27,49% of MINOAN LINES S.A.'s paid up share capital and voting rights. Such OTC transaction was settled on Friday, October 31st, 2008. The acquisition price of the above 19.500.000 shares was 5,2199 Euros per share, that is in total 101.788.050,00 Euros. Despite the above OTC transaction, the total amount of shares and voting rights held by GRIMALDI COMPAGNIA DI NAVIGAZIONE, directly and indirectly, in MINOAN LINES S.A. did not change.
In view of the above, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. now holds, directly and indirectly, 25.454.444 common shares of MINOAN LINES SHIPPING S.A. corresponding to a percentage of 35,89% of MINOAN LINES S.A.'s paid up share capital and voting rights.
On October 29th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. held in total, directly and indirectly, 25.339.264 common shares of MINOAN LINES SHIPPING S.A., acquired from the ATHEX, corresponding to a percentage of 35,73% of MINOAN LINES SHIPPING S.A.?s paid up share capital and voting rights. On October 30th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. acquired through the ATHEX 115.180 common shares in MINOAN LINES SHIPPING S.A. corresponding to a percentage of 0,16% of MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights.
It is also specified that, on October 27th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. acquired from its subsidiary company ATLANTICA S.p.A. DI NAVIGAZIONE, through an OTC transaction, 19.500.000 common shares in MINOAN LINES S.A. corresponding to a percentage of 27,49% of MINOAN LINES S.A.'s paid up share capital and voting rights. Such OTC transaction was settled on Friday, October 31st, 2008. The acquisition price of the above 19.500.000 shares was 5,2199 Euros per share, that is in total 101.788.050,00 Euros. Despite the above OTC transaction, the total amount of shares and voting rights held by GRIMALDI COMPAGNIA DI NAVIGAZIONE, directly and indirectly, in MINOAN LINES S.A. did not change.
In view of the above, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. now holds, directly and indirectly, 25.454.444 common shares of MINOAN LINES SHIPPING S.A. corresponding to a percentage of 35,89% of MINOAN LINES S.A.'s paid up share capital and voting rights.