ANNOUNCEMENT
Commencement of merger process by absorption of 100% subsidiary “IDEAL TECHNOLOGY S.A.” by Ideal Holdings S.A.
IDEAL Holdings S.A. (the “Company”) hereby announces that on May 16, 2025, the Boards of Directors of the Company and the Board of the Directors of its 100% subsidiary “IDEAL TECHNOLOGY S.A.” operating under the trade name “IDEAL TECHNOLOGY” with General Commercial Registry (G.E.MI) No. 000310401000 (“IDEAL Technology”) resolved to initiate the merger process through the absorption of IDEAL Technology by the Company (the “Merger”).
The Merger will be conducted in accordance with Articles 7–21 and 30–35 of Law 4601/2019, in conjunction with the relevant provisions of L. 5162/2024 and L. 4548/2018, as in force.
In compliance with Article 11(1)(a) and (b) of Law 4601/2019, the requisite documentation is available on the Company’s website and at its registered office located at 25 Kreontos Street, Athens, P.C. 10442.
The Merger is expected to be beneficial for the merging companies, as their consolidation will create a stronger financial foundation for the expansion of operations and is anticipated to enhance overall efficiency.
The Company will inform the investors for any updates regarding the progress of the Merger in accordance with applicable legal and regulatory requirements.
