IDEAL Holdings examining IPO and listing of ATTICA on Euronext Athens

IDEAL Holdings announced that its majority controlled Cypriot subsidiary, Kymora Limited, sole shareholder of ATTICA DEPARTMENT STORES SINGLE-MEMBER S.A., is considering offering a percentage of its existing shares in attica to the public in Greece through a public offering, as well as the potential admission of all of attica’s shares on the Regulated Market of the Athens Stock Exchange (Euronext Athens).

In this context and in cooperation with attica, IDEAL has initiated all the necessary preparatory steps for the evaluation of this transaction.

Any final decision regarding the Initial Public Offering and/or the admission of Attica’s shares for trading on Euronext Athens, as well as the terms and timetable thereof, will be taken at a later stage.

IDEAL will inform the public of any relevant developments in accordance with the applicable legislative and regulatory framework.

The transaction is subject to, among other things, a final decision by the competent corporate bodies, prevailing market conditions, as well as the receipt of the required regulatory and supervisory approvals, including the approval of the Prospectus and the listing application by the competent supervisory authorities.

This does not constitute an offer to sell, a solicitation, or an invitation to submit an offer to purchase securities, nor a recommendation or solicitation to make an investment decision, according to the announcement.

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