05/07/2019 Announcement of Information Regulated Under Law 3556/2007: Disclosure of Transactions
July 05, 2019 at 07:03 pm
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The Société Anonyme (Public Limited Company) under the name 'STELIOS KANAKIS, INDUSTRIAL AND COMMERCIAL S.A., RAW MATERIALS FOR CONFECTIONARY, BAKERY AND ICE-CREAM' (the 'Company'), pursuant the clauses of article 21 of Law 3556/2007 and article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, announces that Mrs. Eleftheria Kanaki, of Stylianos, Alternate Managing Director and Executive Member of the Board of Directors, based on her notice, dated 05.07.2019 to the Company, proceeded on 04.07.2019 with the sale of 208,671 common registered shares of the Company, of a total value of Euros 909,805.56.
The above disposal of the Company shares falls in the overall agreement made by Stylianos, Maria, Eleftheria, and Varvara Kanaki, as this has been described in the Information Bulletin of the Public Takeover Bid issued by Orkla Food Ingredients A.S. for the acquisition of up to 7,500,000 Company shares and, specifically, took place following the acquisition on 04/04/2019 by the Offeror of 4,936,273 shares from Mr. Stylianos and Mrs. Maria Kanaki (rate approx. equal to 65.82% of the total paid-in share capital), in order for the Offeror to be able to acquire shares representing at least 90.00% of the total paid-in share capital and of the total voting rights of the Company and exercise, following the completion of the Takeover Bid, the Right to Squeeze Out, while the Company shall request for the cancellation of its shares from Athens Stock Exchange.
Within the context of this agreement, following the cancellation of the shares from Athens Stock Exchange, the Offeror has agreed with Stylianos, Maria, Eleftheria, and Varvara Kanaki to transfer to each of them 375,000 shares (5.00% over the total paid-in share capital and voting rights of the Company), in a manner that the above persons ultimately hold 20.00% over the total paid-in share capital and voting rights of the Company.
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Stelios Kanakis SA published this content on 05 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2019 18:02:09 UTC
Stelios Kanakis SA is a Greece-based company that imports and distributes raw materials for confectionery, bakery and ice cream products. The Companyâs product range includes margarine; butter; vegetable fat and creams; fresh cooking creams; fruit purees, fillings and glazes; jellies; confectionery and bakery improvers; mousses; dark chocolate; chocolate imitations, sticks and drops; pralines; truffles; almond and coconut pastes; Confectionery fondant and jams; sugar products; Pasteurized egg yolk; concentrated liqueurs; decoration products, such as cups and plates; bakery mixes, flavors and sweet fillings; ice cream pastes, toppings, bases, emulsifiers, stabilizers and ready-to-use powders; fruits in syrup; bread toppings; moulds for baking and mixes for salty preparations. It distributes its products through its own distribution network and via 99 representatives, 52 of which are in Attiki, 21 in Macedonia and 26 in the islands and the rest of Greece.
STELIOS KANAKIS INDUSTRIAL AND COMMERCIAL S.A., RAW MATERIALS FOR CONFECTIONARY, BAKERY AND ICE-CREA 
