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Salamis Tours (Holdings) Public LTD

M&A Activity • Sep 23, 2021

2490_iss_2021-09-23_fac6a795-4ecf-45d8-be1f-0e55192089f0.pdf

M&A Activity

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23 September 2021

ANNOUNCEMENT

Salamis Tours (Holdings) Public Ltd announces that its subsidiary, Alexo Maritime Co. Ltd, has signed an agreement (MOA) for the sale of its RO RO car ferry, 'ALEXO'.

The agreement will be concluded with the delivery of the vessel, which is expected to take place in the beginning of October 2021.

The accounting profit from the sale is approximately €1,000,000.

The sale is part of the upgrading of the Group's shipping operations and the renewal of its feet. The itinerary of 'ALEXO' will be undertaken by the RO RO car ferry 'VASSILIOS', which was acquired in June of this year.

The following is also noted:

(a) The transaction was made on an arm's length basis.
(b) The said transaction is not related to and does not affect the interests of the company's Secretary or designated person under the meaning attributed to this term in Article 137(3) of the Law.

Elena V. Hadjitheodosiou Executive Director