Piraeus, 18.10.2013
Press Release
Notification of significant change of voting rights
Piraeus Port Authority S.A. pursuant to the provisions of the Law 3556/2007, announces the notification received on 17.10.2013 from Lansdowne Partners International Limited, as following:
- Corporate name of person subject to the notification obligation: Lansdowne Partners International Limited (“LPIL”), Lansdowne Partners Cyprus Limited (“LPC”), Lansdowne Partners Austria Gmbh (“LPA”)
- Corporate name of shareholders: Lansdowne Investment Company Limited, Lansdowne European Equity Master Fund Limited, Lansdowne European Long Only Master Fund Limited (together the “Lansdowne Funds”)
- Number of indirect voting rights: 1.747.748
- Percentage of indirect voting rights: 6,99%
Lansdowne Partners International Limited owns 57% of Lansdowne Partners Cyprus Limited and “LPC” owns 100% of Lansdowne Partners Austria (Gmbh).
Pursuant to a restructure of certain funds managed by LPA, with effect from 14 October 2013, LPA, in its capacity as investment manager of Lansdowne Investment Company Limited, Lansdowne European Equity Master Fund Limited, Lansdowne European Long Only Master Fund Limited, has become entitled to exercise on a discretionary basis the voting rights attached to 1.747.748 ordinary registered shares (“Relevant Shares”) issued by Piraeus Port Authority S.A., which are held by the Lansdowne Funds and represent approximately 6,99% of the total voting rights in the Company. It is noted that none of the Lansdowne funds holds individually Relevant Shares representing 5% or more of the voting rights in the company.
As a result, with effect from the above date, there is a significant change to the voting rights in the Company indirectly held by LPIL, LPC and LPA. Prior to that date, none of LPIL, LPC and LPA held 5% or more of the total voting rights in the Company.
It is also noted that Lansdowne Partners Limited Partnership (“LPLP”), in its capacity as co-investment manager of the Lansdowne Funds, may also exercise jointly with LPA 5,48% of these 6,99% voting rights in the company attached to the Relevant Shares. These 5,48% of the voting rights in the Company are included in the total voting rights in the Company which are indirectly held by LPLP and set out in the notification filed by LPLP with the Hellenic Capital Market Commission and the Company on 28 September 2007, pursuant to article 27, par.2 of Greek Law 3556/2007.
This notification is being made by LPIL on its own account and on behalf of each of LPC and LPA, in accordance with article 13, par. 1(a) of Greek Law 3556/2007.
The present notification is announced in accordance with article 21 of Law 3556/2007 and is accessible in the Company's website address www.olp.gr
