The Board of Directors of Attica Group has announced the approval of the Draft Demerger Agreement in the form of the demerger of the maritime passenger, car and truck transport business and its absorption by the subsidiary Blue Star Ferries. 

SHARES ALLOCATED

As stated in the announcement, Attica will receive 15,931,689 new ordinary (registered) shares of €2.93 nominal value each issued by Blue Star Ferries for the assets of the Division that it contributes to Blue Star Ferries. As a result of the issue of new shares to be allocated to Attica, the share capital of Blue Star Ferries will increase by the amount of €46,679,848.77 and will amount to €252,988,813.65 divided into 86,344,305 common (registered) shares with a nominal value of €2.93 each. Attica will remain a 100% shareholder of Blue Star Ferries after the completion of the transformation.

ΑFTER THE TRANSFORMATION

After completion of the transformation, ATTICA will retain the other activities and assets, namely: (a) direct and indirect participations in domestic and/or foreign legal entities, and other entities and businesses established or to be established, of any form and purpose; (b) the exploitation of real estate owned by itself or by companies of the group of which it is the parent company and by third parties, (c) the provision of administrative services to companies of the group of which the parent company is a member and to third parties; (d) the provision of consultancy services in relation to planning, development, research, restructuring, reorganisation, evaluation, business strategy, acquisition and sale, mergers and restructuring of companies to companies of the group of which the parent company is the parent company and third parties; e) corporate communication of all companies of the group of which the parent company is the parent company; and f) as a company whose shares are listed on the Athens Stock Exchange, the services of corporate communications, shareholder services including information and maintenance of share registers as well as the internal control services provided for by law, regulations and institutions, regulatory and financial reporting, and the provision of services for the management of the group of which the parent company is the parent company. BLUE STAR FERRIES, which is a pure shipping company, will own 17 vessels.