The Company “INTRACOM CONSTRUCTIONS SOCIETE ANONYME TECHNICAL AND STEEL CONSTRUCTIONS” under the Distinctive Title “INTRAKAT”, announces the following:
(a) according to the decision of its Board of Director dated 22/08/2014, INTRAKAT proceeded to the acquisition of four hundred ninety thousand and five hundred (490.500) normal nominal shares, corresponding to 32,57% of the total capital share, of the subsidiary company “PRISMA DOMI ANONYME TECHNICAL COMPANY”, for a total consideration amounting to 1,35 mill euro and the said transaction is dated on 25/08/2014. As a result of this acquisition, INTRAKAT owns the 100% of the capital share of its subsidiary company “PRISMA DOMI ANONYME TECHNICAL COMPANY”.
(b) theBoardofDirectors of INTRAKATonits meeting of 26/08/2014, decided the merger by absorption of its 100% subsidiary company “PRISMA DOMI ANONYME TECHNICAL COMPANY” according to the provisions of commercial law and specifically of art 78 of the Law 2190/1920 and of the Law 2166/1993, as it is currently in force, for the utilization of tax incentives offered. Furthermore it was decided to start the process of merger by absorption of “PRISMA DOMI ANONYME TECHNICAL COMPANY” by ΙΝΤΡΑΚΑΤwith the Transformation Balance Sheet’s date of the first on31/08/2014.
Given that “PRISMA DOMI ANONYME TECHNICAL COMPANY” maintains expertise and specialization in the execution of technical infrastructure projects and its activity is complementary to that of INTRAKAT, it is expected that the consolidation of the activities will attribute to INTRAKAT’s additional value and will maximize the benefit of the shareholders.
The completion of the above mentioned merger by acquisition is subject to the approval of the competent bodies of the merging companies and the approvals from the relevant regulatory authorities, according to applicable Law.