Lykos AG made a voluntary tender offer for the acquisition of Inform P. Lykos SA (ATSE:LYK) from ALPHA TRUST Mutual Fund Management Company, Nikolaos Lykos and others for €25.7 million on December 10, 2013. As per the terms of the offer, Lykos AG will acquire 20.58 million shares and Inform P. Lykos SA shareholders will receive either one newly issued ordinary registered share of the Offeror of a nominal value of €1.00 each or €1.5 in cash for each share of Inform P. Lykos SA common stock owned. Furthermore, each Accepting Shareholder shall have the right to choose a combined version of the above. As on the date of public tender offer Lykos AG did not own any shares of Inform P. Lykos SA directly apart from the 11.06 million shares owned by Nikolaos Lykos, founder and only shareholder of Lykos AG. As part of the deal, Nikolaos Lykos has declared to offer his shares to the offeror against the consideration shares in accordance with the terms and conditions of the public offer. National Bank of Greece S.A. certified the offeror has the necessary means for the payment of the consideration in cash.

If following the end of the acceptance period and the transfer of the tendered shares to the offeror, the offeror holds shares corresponding to a percentage of at least 90% of the total share capital and of the voting rights, the offeror shall exercise a squeeze-out. In case that, after the completion or the exercise of the right of squeeze-out or the right of sell-out, as the case may be, the offeror holds a percentage of at least 95% of the total share capital and of the voting rights, the offeror shall pursue the delisting of the shares from the ASE. The realization of the offer is subject to the approval of the information circular by the Hellenic Capital Market Commission and the notification to the Hellenic Capital Market Commission of the document which includes information equivalent to that of the prospectus of Greek Law 3401/2005, while the completion of the Public Offer is not subject to any conditions. On January 31, 2014 the Board of Directors of the Hellenic Capital Market Commission approved the Information of LYKOS AG. The acceptance period commences on February 5, 2014 and ends on March 7, 2014. NBG Securities S.A acted as financial advisor for Lykos AG.

Lykos AG completed the tender offer to acquire 57.43% stake in Inform P. Lykos SA (ATSE:LYK) from ALPHA TRUST Mutual Fund Management Company, Nikolaos Lykos and others for €11.9 million on March 7, 2014. During the acceptance period, a total of 11.8 million shares were lawfully and validly tendered, corresponding to approximately 57.43% of the total paid share capital and of the voting rights of the Company. From these 0.18 million shares corresponding to approximately 0.89% of the total paid share capital and of the voting rights of the Company have been tendered for the Consideration in Cash and 11.63 million Shares corresponding to approximately 56.54% of the total paid share capital and of the voting rights of the Company have been tendered for the Consideration Shares, including 11,069,300 Shares held by Nikolaos Lykos. The payment of the Consideration in Cash to the Accepting Shareholders shall commence on March 18, 2014.