Changes in the shareholding composition of ICI REIC
Changes in the shareholding composition of ICI REIC
  Deals  |  Institutional Investors  |  Listed  |  REIC  |  Greece

Changes in the shareholding composition of ICI REIC

The BriQ Properties and Ajolico stakes in the REIC.
Share Copy Link
RE+D magazine
15.10.2024

BriQ Properties REIC, in view of the merger of the Company by absorption of the company under the name "INTERCONTINENTAL INTERNATIONAL REAL ESTATE INVESTMENT SOCIETE ANONYME" ("ICI") and further to its announcement dated 09.10.2024, informed the investment community that,

On October 11, 2024, the acquisition by the Company of two million eight hundred thirty-six thousand nine hundred forty-nine (2,836,949) shares of ICI was completed, for a consideration of nine million three hundred fifty-one thousand eighty-one euros (€9,351,081.00) through the signing of a relevant share purchase agreement with the seller company "AJOLICO TRADING LIMITED", in accordance with the terms of the agreement dated February 23, 2023, as amended and in force by virtue of the amending contract of 17 May 2024. Following the above share transfer, the Company holds 27.02% of the share capital of ICI. 

The Boards of Directors of the Company and ICI at their meetings dated 14.10.2024 approved the Draft Merger Agreement for the merger by absorption of ICI by the Company in accordance with the provisions of articles 6 par. 2 to 21, 30 to 34 of Law 4601/2019, Articles 1-5 of Law 2166/1993 pursuant to Article 31 par. 4 of Law 2778/1999, Article 21 para. 5 of Law 2778/1999, Article 17 of Law 4548/2018 and the provisions of the Athens Exchange Regulation, as in force, as well as par. 8 of article 16 of Law 2515/1997 by analogy by virtue of par. 1 of article 3 of Law 2166/1993, as amended and in force ("Merger").