THE Epsilon Net, after being informed by its main shareholder, it announced that there are negotiations for strategic cooperation with a foreign investor, which are in the final stage.
There was a previous publication that stated that the main shareholder has agreed to buy out his share from Atlantic Capital, adding that a public offer for all the company’s shares will follow. The company’s statement says this is “not accurate”.
Meanwhile, stock market authorities have announced a trading suspension for the stock, until the situation becomes clearer.
The announcement of Epsilon Net
The company EPSILON NET (“Company”), in response to a relevant letter from E.K. with protocol number 1145/25/04/2024, regarding publications of the electronic press, announces the following, after information received from its main shareholder:
Today’s publication refers to the transfer of the percentage of its main shareholder it is not accurate. There are indeed negotiations regarding a strategic collaboration with a foreign investor, which are in the final stage and upon their successful completion, the official announcements will follow.
As soon as the Company becomes aware of the completion of any agreement, it will immediately make all legal announcements in order to inform the investing public.
Suspension of trading for Epsilon Net
As announced by the Stock Exchange, “following a request from the Capital Market Commission, the trading of the shares of the company “EPSILON NET SA” is temporarily suspended from today, Thursday, April 25, 2024, in accordance with paragraph 1 of article 17 of the law 3371/2005, for protection reasons
of the investing public and the smooth operation of the market for the above company’s shares, and until information is provided to the investing public regarding the possible completion of the shareholders’ agreement and the terms of the transaction.
Lending products on the shares of the above company are also temporarily suspended.”
