Ermes Department Stores Appoints Grant Thornton as Independent Expert
The Board of Directors of Ermes Department Stores Plc has decided to appoint Grant Thornton (Cyprus) Ltd as an independent expert to prepare a report regarding the public offer submitted by Cyprus Trading Corporation Plc, which has been approved by the Cyprus Securities and Exchange Commission.
Public Offer Details
According to the public offer document, the consideration offered to shareholders who accept the offer is €0.014 in cash per share.
Independent Expert Report
Grant Thornton (Cyprus) Ltd will prepare an independent report based on the provisions of Article 33 of the Public Offers Law of 2007, as amended. The report will be submitted to the Board of Directors prior to June 16, 2026.
- The report will provide an independent opinion on the public offer.
- The Board of Directors will consider the independent opinion and publish a document containing its reasoned opinion on the public offer.