Epsilon Net, following an update from its main shareholder, announced that negotiations for a strategic partnership with a foreign investor are in the final stage. 

It had previously reported that the main shareholder had agreed to a takeover of its stake by Atlantic Capital, adding that a public offer for all of the company's shares would follow. The company's statement said this "is not accurate".  Meanwhile, the stock exchange authorities have announced a trading suspension for the stock until the landscape is clear. 

STATEMENT 

EPSILON NET (the "Company"), in response to a letter from the E.C. under file number 1145/25/04/2024, regarding electronic press reports, announces the following, following information received from its major shareholder:

Today's publication referring to a transfer of its main shareholder's stake is not accurate. There are indeed negotiations which relate to a strategic partnership with a foreign investor, which are in the final stage and upon their successful completion, official announcements will follow.

Once the Company becomes aware of the completion of any agreement, it will immediately make all legal announcements in order to inform the investing public.

SUSPENSION OF TRADING 

The Stock Exchange announced that 'following a request from Epsilon Net', 'Epsilon Net has been appointed as the sole shareholder of Epsilon Net.