Foodlink announced that the acquisition of 55% of the share capital of “General Transport” took place in three phases. The total price for the acquisition of 55% of the company amounted to 1,910,700 euros of which 1,460,700 euros is a share redemption price and 450,000 euros is a contribution for the Company’s participation in the Share Capital Increase of GENERAL TRANSPORT ATHENS . which was decided at the Extraordinary General Meeting of Shareholders of September 24, 2021.
In particular, Foodlink informed the investing public the following
1. By acquiring a percentage of 20% of the shares of ATHINAIKIS SA, ie 1,200 common registered shares, with a nominal value of 10 euros each, for a total price of 300,000 euros corresponding to 250 euros per share. The transfer of the shares was done by Mrs. Stavroula Kontrafouri on the basis of the Share Purchase Agreement of 09.08.2021. The decision for this acquisition was taken by the Board of Directors of FOUNDLINK SA. at its meeting of 09.08.2021. The payment of the price to Mrs. Stavroula Kontrafouri was made with the signing of the Share Purchase Agreement by deposit in a bank account.
2. Through the participation of FOUNDLINK SA to the Share Capital Increase of ATHINAIKIS SA, which was decided at the Extraordinary General Meeting of ATHINAIKIS SA. which took place on 24.09.2021. Specifically, it was decided to issue 1,000 new common registered shares with a nominal value of 10 euros and an issue price of 450 euros. Following the Increase, the share capital of ATHINAIKIS SA amounted to 70,000, divided into 7,000 common registered shares, with a nominal value of 10 euros, while the total amount of funds raised amounted to 450,000 euros.
Due to the resignation of the right to participate in the increase of the share capital of the other shareholder, it was decided that FOUNDLINK SA to cover the total amount of the share capital increase, resulting in the percentage of its participation in the company ATHINAIKI SA. to rise to 31.43%, holding 2,200 common registered shares and voting rights.
3. By acquiring a percentage of 23.57% of the shares of ATHINAIKIS SA, ie 1,650 common registered shares, with a nominal value of € 10 each, for a total price of 1,160,700 euros corresponding to 703.45 euros per share . The transfer of the shares was done by Mrs. Marianthi Arslanoglou, based on the Share Purchase Agreement of 10.11.2021. The decision for this acquisition was taken by the Board of Directors of FOUNDLINK SA. at its meeting of 29.10.2021.
Of the total amount of the price, the amount of 710,700 euros was paid into a bank account on the date of signing the share purchase agreement, while the remaining amount of 450,000 euros will be paid in five annual equal installments of 90,000 euros and specifically until January 10th of each year. from 2022 to 2026.