Announcement of regulated information according to Law 3556/2007
On the 23rd of July 2012, the company Minoan Lines SA announces the transfer of the vessels “Olympia Palace” No: 35 of the Heraklion Shipping Registry and “Europa Palace” No: 36 of the Heraklion Shipping Registry on its 100% subsidiary company “Minoan Italia Spa”.
The transfer of the vessels is in accordance with the aforementioned subsidiary's General Meeting of Shareholders decision for in kind share capital increase with the respective contribution of the said vessels from the mother company Minoan Lines S.A.
The above mentioned transaction took place on the book value of the vessels; hence neither gains nor losses were recorded.
The present announcement takes place according to the article 10 of law.3340/2005, article 2 of the decision 1/434/3.7.2007 of the Hellenic Capital Market Committee and the circular letter 45/21.7.2011 of the Hellenic Capital Market Committee.