The Company Forthnet S.A. (hereinafter «Forthnet») announces that in the context of evaluating its strategic options, non exclusive discussions with other companies of the sector are taking place, in order to investigate the possibility of a potential consolidation of business activities, as well as the potential terms and conditions of a strategic alliance.
Forthnet stresses, however, that these discussions are still at a premature stage and that they do not mean nor do imply that a fruitful outcome would be reached. Furthermore, at this stage, it is impossible to define a respective time frame as well as the potential, associated or expected benefits from a potential materialization of a strategic alliance for all stakeholders. Consequently, any decision to transact on shares of Forthnet or on other potential financial instruments issued on shares of Forthnet, should also take into consideration the aforementioned uncertainties and relevant risks.
Forthnet shall properly inform the investors for any relevant development.
The present announcement neither is, nor constitutes or implies nor may be considered as an offer, invitation, instigation or recommendation for the acquisition or the disposal of shares of Forthnet or any other financial instruments issued on shares of Forthnet or the conduct of any other transaction on these shares or financial instruments. The present announcement is made in accordance with the provisions of Law 3340/2005 and the relevant applicable resolutions of the Hellenic Capital Market Commission, as well as of the relevant provisions of the Athens Stock Exchange Rule Book.