SINGULARLOGIC S.A.
Announcement of Business Actions in respect to general business expansion planning of SingularLogic Group.
According to article 10 of Law 3340/2005 and article 2 of decision 3/347/12.7.2005 of CMC, SingularLogic S.A. informs the investors for the recent business actions in respect to the general business expansion planning of the Group.
The agreement for the acquisition of 99,20% of the share capital of "GREEK INFORMATION TECHNOLOGY HOLDINGS SA" with distinctive title "G.I.T HOLDINDS SA" was completed today for a total value of euro 1.438.000,20. Transfers of the 69,12% of shares amounting to euro 1.002.030,60 were completed today and it is expected that the transfer of the remaining percentage will be completed during December 2008.
GIT HOLDINGS SA currently maintains indirectly participation in the IT companies DYNACOMP SA., INFO SA, METASOFT SA, SYSTEMSOFT SA and CHERRY SA. This acquisition is expected to positively affect the results of SingularLogic Group, through the operations of the aforementioned companies, already established in the IT market.
The agreement for the acquisition of 99,20% of the share capital of "GREEK INFORMATION TECHNOLOGY HOLDINGS SA" with distinctive title "G.I.T HOLDINDS SA" was completed today for a total value of euro 1.438.000,20. Transfers of the 69,12% of shares amounting to euro 1.002.030,60 were completed today and it is expected that the transfer of the remaining percentage will be completed during December 2008.
GIT HOLDINGS SA currently maintains indirectly participation in the IT companies DYNACOMP SA., INFO SA, METASOFT SA, SYSTEMSOFT SA and CHERRY SA. This acquisition is expected to positively affect the results of SingularLogic Group, through the operations of the aforementioned companies, already established in the IT market.