Announcement of significant change to the voting rights according to the L.3556/Amendment
Athens, November 21st, 2012
Announcement of significant change to the voting rights according to the L.3556-
Amendment of the announcement dated 19/11/2012
Pursuant to the Law 3556/2007 and following a notification dated 16/11/2012, the company GR. SARANTIS S.A. (the “Company”) informs the investors' community that the total percentage Fairfax Financial Holdings Limited indirectly holds on the Company's voting rights crossed the 5% threshold on 04.10.2012. According to the aforementioned notification, on 04.10.2012 Fairfax Financial Holdings Limited held, indirectly, through wholly owned subsidiaries, 2,947,027 shares and corresponding voting rights, that is 7.68% of the Company's share capital and voting rights. Moreover, part of the aforementioned percentage, and more specifically 2,832,017 shares and voting rights, or 7.38% of the Company's share capital and voting rights, is directly held by Odyssey Reinsurance Company, a subsidiary of Fairfax Financial Holdings Limited.
It is noted that Odyssey Reinsurance Company is a wholly owned subsidiary of Odyssey Re Holdings Corp, which is a wholly owned subsidiary, through various intermediary companies, of Fairfax (US) Inc, which is a wholly owned subsidiary of FFHL Group Ltd, which is a wholly owned subsidiary of Fairfax Financial Holdings Limited that made the notification. Therefore, Odyssey Re Holdings Corp, Fairfax (US) Inc and FFHL Group Ltd each hold 7.38% of the Company's share capital and voting rights, that is 2,832,017 shares and voting rights.
The rest 115,010 shares and voting rights, which corresponds to 0.30% of the Company's share capital and voting rights, is directly held by Northbridge Indemnity Insurance Company, which is also a wholly owned subsidiary of Fairfax Financial Holdings Limited.
Additionally, the following notes are made in the aforementioned notification:
- Fairfax Financial Holdings Limited is not a “controlled undertaking” of any person, as “controlled undertaking” is defined in Law 3556/2007.
- The aforementioned number of shares and voting rights and the corresponding percentage on the total number of shares and voting rights, is calculated based on the total number of shares and voting rights of the Company outstanding on 04.10.2012, that is 38,350,940 shares and voting rights.