SPRIDER STORES S.A

ANNOUNCEMENT OF A COMPANY WHOSE STOCK IS BEING TRADED IN THE SURVEILLANCE CATEGORY (ARTICLE 4.1.4.4 ATHEX REGULATION)

Thessalonica, May 29, 2013

 


Within the context of the publication of SPRIDER STORES' Q1 2013 interim financial statements and in application of par. 4.1.4.4. of the ATHEX regulation, the company announces to investors the following:

 

  1. ATHEX BoD in its meeting dated July 23, 2012 decided to transfer the company shares in Surveillance, applying the ATHEX regulation (chapter 3.1.2.5. criterion 1b) given that losses after tax exceeded 30% of equity.
  2. The company in order to face the reasons that lead to the above has structured and currently applies a sales network rationalization program as well as a program regarding the reduction of its operational expenses.