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, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. announces pursuant to article 24 par. 2 (a) of Law 3461/2006 the following:
As of the date of the Announcement of the above tender offer (October 14th, 2008) GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. held 23,664,295 common shares of MINOAN LINES SHIPPING S.A., corresponding to a percentage of 33.36% of MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights. On October 14th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. acquired through the ATHEX 14,000 common shares in MINOAN LINES SHIPPING S.A. corresponding to a percentage of 0.02% of MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights.
As a consequence, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. now holds 23,678,295 common shares of MINOAN LINES SHIPPING S.A. corresponding to a percentage of 33.38% MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights.
The acquisition price of the above 14,000 shares was 5.10 Euros per share, that is in total 71,400 Euros.