GR. SARANTIS S.A.

Announcement of the appointment of a market maker

Athens, 20/5/2013

 

 

Announcement of the renewal of the appointment of a market maker

 

Ι.    The listed on the Athens Exchange company “GR. SARANTIS S.A.” (hereinafter the “Issuer”) announces to investors that the Board of Directors of the Athens Exchange, by means of its decision dated 17 May 2013, approved the renewal of the appointment of BETA SECURITIES S.A. as market maker of the Issuer's shares for purposes of improving their liquidity. The Issuer has signed a market making agreement with BETA SECURITIES S.A. with the following basic terms:

1. BETA SECURITIES S.A. with transmit to the Trading System of the Athens Exchange market making orders (namely simultaneous buy and sell orders) for its own account on the Issuer's shares, in accordance with those specifically defined by law. For this service, the Issuer will pay a fee to BETA SECURITIES S.A.

2. The market making agreement has duration of one (1) year.

3. To facilitate the Market Making process, considering the possible risks the Market Maker undertakes, BETA SECURITIES S.A. has signed an agreement with Mr. Sarantis Kyriakos of Pantazis, shareholder of the Issuer, by means of which the shareholder is obligated to enter repurchase agreements on the Derivatives Market of the Athens Exchange.

 

ΙΙ.   Mr. Sarantis Kyriakos of Pantazis announces to investors that the Board of Directors of the Athens Exchange, by means of its decision dated 17 May 2013, approved the renewal of the appointment of BETA SECURITIES S.A. as market maker of shares of “GR. SARANTIS S.A.” (hereinafter the “Issuer”) for purposes of improving their liquidity. To facilitate the Market Making, considering the possible risks the Market Maker undertakes, Mr. Sarantis Kyriakos of Pantazis, as shareholder of the Issuer, has signed an agreement with BETA SECURITIES S.A., by means of which he is obligated to enter repurchase agreements on the Derivatives Market of the Athens Exchange.