Andromeda Seafood Limited made an offer to acquire 10.85% stake in Perseus SA for €2.1 million on December 20, 2019. Under the terms, Andromeda will pay €1.15 per share of Perseus. After transaction Andromeda will hold 100% in Perseus indirectly and 10.85% directly and hence Andromeda will seek the delisting of the Shares from the ATHEX. As of April 2, 2020 Andromeda acquired 8.05% stake. Andromeda will finance the payment . with own existing funds provided to it by its shareholders under a share capital increase. Andromeda does not plan to move the Perseus' headquarters outside Greece, nor the place in the current circumstances. Andromeda does not intend to bring substantial adverse changes in staff employment conditions, while intending to maintain current levels the jobs of its employees and managers. The Public Offer will be valid, regardless of the number of Shares that will be validly offered. As of March 27, 2020, Hellenic Capital Market Commission approved the transaction. Andromeda will be oblised for compulsory acquisition with in three months if less shares are tendered. Offer period will start from April 10, 2020 to May 11, 2020. As of September 1, 2020, the shares of PERSEUS are removed from the trading systems of ATHEX. Makis Bikas, Spyridon Chytiris, Christos Alivanoglou and Sofia Evangeliou of Piraeus Bank S.A. (ATSE:TPEIR) acted as financial advisors and Euroxx Securities S.A. (ATSE:EX) acted as fairness opinion provider for Andromeda.