Authorization for transactions with a related party under article 101 par. 2 of Law 4548/2018
The Board of Directors of the Company under the trade name "TRASTOR Real Estate Investment Company" and the distinctive title "TRASTOR R.E.I.C." (hereinafter the "Company") announces that as part of the preparatory actions for the share capital increase of the Company (hereinafter the "SCI"), on 20.02.2025 resolved and approved the signing of the two (2) following agreements:
- an agreement for the provision of issue advisor's services, for a fee of EUR One Hundred Seventy-Five Thousand (€175,000.00), and
- an agreement for the provision of coordinator - lead underwriter's services, for a fee equal to 0.50% of the value of the new shares to be issued as part of the SCI, excluding from the calculation of the fee the shares to be issued and allocated to the Majority Shareholder (as defined below) for their own account.
Both the aforesaid agreements will be signed between the Company and the Company's majority shareholder, namely, the banking institution with the trade name "PIRAEUS BANK Société Anonyme", which holds a percentage of more than 98% of the paid-up share capital of the Company (the "Majority Shareholder") regarding the assumption by the Majority Shareholder of the role of the issue advisor and the coordinator - lead underwriter, respectively, in accordance with the specific terms incorporated in the draft of each agreement submitted to the Board of Directors.
Furthermore, the Board of Directors granted under article 100 of Law 4548/2018, as in force, a special permission for the execution of both (2) the abovementioned transactions of the Company with a related party, and in particular the conclusion of the agreement for the provision of issue advisor's services, as well as the agreement for the provision of coordinator - lead underwriter's services, and any other relevant document between the Company and the Majority Shareholder.
The above resolution of the Board of Directors dated 20.02.2025 to authorize the execution of each transaction was taken pursuant to the provisions of article 101 par. 1 of Law 4548/2018, as in force, and the attached in said resolution "Independent Auditor's Evaluation Report" dated 18.02.2025 prepared by the Independent Auditor-Accountant, Mr. Eleftherios Koutsopoulos (No SOEL: 44651), of the audit firm "Grant Thornton", pursuant to which, each of the above transactions examined in the report of the audit firm is evaluated as fair and reasonable for the Company and any other of its shareholders, which are not a related party.
Both the aforesaid transactions serve the corporate interest, given that they contribute to serving and promoting the purpose of the Company and are fair and reasonable for the Company and its shareholders.
Athens, 21st February 2025
Trastor R.E.I.C. 5, Chimarras str., Maroussi GR 151 25, Τ + 30 210 69 10 016, F +30 210 33 11 956
HCMC License No 5/266/14.3.2003 | GCR No 3548801000 | T.I.N. 099554901