Atbhos Diamond to examine Aspis bid

The Board of Directors of Athos Diamond Center Public Ltd examined the intention of Aspis Holdings Public Company Ltd to submit a Public Offer for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the issued share capital of the Company and decided to hold an Extraordinary General Meeting on January 2, 2008 at 11.00 am at the Company’s Head Office in Paphos to examine the proposal.

The EGM will have to decide that the Board of Directors – without the participation of Athos Ioannides and any other Board members related to him – be authorized to reach an agreement for the sale to Athos Ioannides and/or to a company controlled by him all the Company’s activities and businesses against the sum of CYP1,440,000.
That the aforementioned agreement be reached by January 15, 2008 and be finalized by April 15, 2008.
The EGM notification will include the evaluation report of Sharelink Securities and Financial Services Ltd for the fair value of the Company’s assets and viabilities. Athos Ioannides and the persons related to him do not intend to vote for the proposed resolutions. It is noted that Messrs. Athos Ioannides and Agamemnon Ioannides did not participate in the Board meeting.