LOULIS FOOD INGREDIENTS S.A.
ANNOUNCEMENT RELATED TO BUSINESS DEVELOPMENTS OF SUBSIDIARY
The company LOULIS MILLS SA, following the preliminary contract transfer of shares of 06.02.2015 between «NUTRIBAKES SA Mixtures Production, Bakery and Confectionery ", a 70% subsidiary of " LOULIS MILLS SA ", and Mr. Leonidas and Panagiotis Pierakea, shareholders of the company «Kenfood Trofognosia SA", the Board of «NUTRIBAKES SA Mixtures Production, Bakery and Confectionery "decided on the February 6th, 2017, the merger by absorption of the company «Kenfood Trofognosia SA " in accordance with the provisions of Articles 68-77 of Codified 2190/1920 and no. 54 of l. 4172/2013.
The transformation balance sheet will be the one that will be drafted by December 31, 2016.