Perhalm bids for 100% of Brainstorm

The Board of Directors of Perhalm Limited, a member of Eikon Mezzanine LP venture capital actively involved in Greece and controlled by businessman Christoforos Papadopoulos, announced that it intends to submit a Public Offer for the acquisition of 100% of the share capital of Brainstorm Enterprises Public Ltd with a consideration of 53 cents for every share cash, pursuant to article 9(1) part III of the CSE Regulations (Public Offer and Purchase of Titles and Merger of Companies Listed in the CSE).

Since Christoforos Papadopoulos already owns 6.15% of the share capital of Brainstorm, the bid seeking 100% control means he will be seeking to acquire 8.1 mln of the total issued share capital of BEN amounting to 8.636.000 shares of 10c nominal value.