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Agros Development Company "Proodos" Public LTD

Legal Proceedings Report Jun 8, 2018

2447_rns_2018-06-08_d2733372-c1e0-45d0-be2f-4490960af07c.pdf

Legal Proceedings Report

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AGROS DEVELOPMENT COMPANY "PROODOS" PUBLIC LIMITED

To Cyprus Stock Exchange Nicosia

ANNOUNCEMENT

The Board of Directors of Agros Development "Proodos" Public Co Ltd, announces with pleasure that the A' Phase of renovation and upgrading works of RODON HOTEL in Agros were successfully completed. In accordance with the relevant clause of the Contractor's Agreement the Hotel was temporarily delivered to the owner company. On Friday 1/6/2018 the hotel started successfully reopening operations as a fully completed renovated and upgrading Hotel Unit, under new as well as internal administrative management organization.

8 June 2018

BY ORDER OF THE BOARD OF DIRECTORS

Notice: Cyprus Securities & Exchange Commission

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