Platona Enterprises Company Limited, Antigone, Joanna and Tereza Lanitis, Costas Galatariotis Ltd., Evagoras and Iason Lanitis, Marios Lanitis, Isabella Eliades, Lanitis E.C. Holdings Limited and Unity Managers (Cyprus) Limited offered to acquire remaining 14.4% stake in Amathus Public Limited (CSE:ANC) for €3.6 million on November 3, 2021. The Takeover Bid is subject to the condition that the required approvals are obtained by the Cyprus Securities and Exchange Commission (“CySEC”) as provided by the Law. As of December 14, 2021, Cyprus Securities and Exchange Commission approved the deal. The deal is expected to be completed by January 25, 2022. Cyprus Investment and Securities Corporation Limited acted as financial advisor for Offeror.

Platona Enterprises Company Limited, Antigone, Joanna and Tereza Lanitis, Costas Galatariotis Ltd., Evagoras and Iason Lanitis, Marios Lanitis, Isabella Eliades, Lanitis E.C. Holdings Limited and Unity Managers (Cyprus) Limited completed the acquisition of remaining 14.4% stake in Amathus Public Limited (CSE:ANC) on January 25, 2022. During the offer period, Platona Enterprises Company Limited, Antigone, Joanna and Tereza Lanitis, Costas Galatariotis Ltd., Evagoras and Iason Lanitis, Marios Lanitis, Isabella Eliades, Lanitis E.C. Holdings Limited and Unity Managers (Cyprus) Limited acquired 6.718% stake while remaining will be acquired through compulsory acquisition. On February 21, 2022, the offerors received approval from Cyprus Securities and Exchange Commission for the exercise of the Squeeze Out right for the acquisition of 100% of the shares.