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Suspension of payment order execution denied | TheGreekDeal.com
MOUZAKIS
Suspension of payment order execution denied
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The company "ELEFTHERIOS D. MOUZAKIS," in its commitment to providing continuous and accurate information to the investing public, and in accordance with paragraph 8 of Article 27 of Law 4443/2016 and Article 7 of Regulation (EU) 596/2014 (MAR) regarding the disclosure of privileged information, is making this announcement to update the investing public on significant developments related to previously disclosed privileged information.

Following the announcements made on July 15, 2024, August 27, 2024, and September 9, 2024, regarding ongoing legal actions related to the guaranteed liability of the primary debtor company, "ILIOS BIOINDUSTRY S.A.," we inform you that the Single-Member Court of First Instance of Athens (Interim Measures Procedure) has rejected the Application for Suspension of the execution of the payment order issued against it by the National Bank of Greece, deeming it inadmissible for procedural reasons (lack of jurisdiction of the court) and not on substantive grounds.

The company has promptly initiated the necessary extrajudicial and judicial procedures and will continue to implement all necessary measures to protect its interests and those of its shareholders.

The company will keep the investing public and relevant authorities informed of any further developments on this matter.

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