“NAFPAKTOS TEXTILE INDUSTRIES S.A.” (hereinafter the “Company”) announces to the investing public that, pursuant to Articles 99 et seq. of Law 4548/2018, its Board of Directors, at its meeting on June 15,2026, approved the conclusion of a real estate transfer agreement between the Company and its affiliates, namely the major shareholders Mr. Vasileios Polychronos (Chairman of the Board of Directors, with a 23.37% stake in the share capital) and Mr. Dimitrios Polychronos (Chief Executive Officer, with a 24.94% stake).
It is clarified that a corresponding decision regarding this transaction had been adopted by the Board of Directors in July 2025; however, it was not implemented within its statutory six-month validity period and therefore ceased to be valid, in order to resolve and finalize necessary urban planning issues regarding the properties to be transferred.
Following the successful resolution of these outstanding issues, the Board of Directors proceeded to adopt a new resolution granting the relevant permit.
The transaction concerns the sale of the following horizontal properties:
-The basement storage unit designated as "Y," with an area of 682.35 sq. m.
-The ground-floor commercial space designated as IS-1, with an area of 614 sq. m.
-The first-floor retail space designated as A-1, with an area of 678.20 sq. m.
The aforementioned horizontal properties are located in Building 1 of a two-building complex, at 40-44 Agios Georgios Street, in the Municipal Unit of Pefki of the Municipality of Lykovrysi-Pefki, within the Regional Unit of Northern Attica.
The transfer will be made in equal shares of 50% to each of the two aforementioned related parties, for a total consideration of €1,950,000.
In reaching its decision, the Board of Directors took into account:
- the March 2024 valuation report by the company “SOLUM PROPERTY SOLUTIONS,” and - the June 15, 2026 report by the auditing firm “MPI HELLAS S.A.” dated June 15, 2026, which was prepared in accordance with Article 101(1) of Law 4548/2018 and assesses the transaction as fair and reasonable for the Company and for parties that are not affiliated, including minority shareholders.
The price is deemed fair and reasonable in accordance with the sale prices per square meter of similar properties in the area. Specifically, according to the appraisal report, the market average is €1,061/sq. m. for the ground floor and first floor and €318/sq. m. for the basement, while the proposed transaction will be carried out at a significantly higher price namely €1,298/sq. m. for the ground floor and first floor and €400/sq. m. for the basement.
The Company benefits directly from the sale of these properties, which remain unused, as the transfer will result in significant savings on taxes, fees, and maintenance costs, while simultaneously strengthening its liquidity without resorting to bank borrowing.
This decision of the Board of Directors is valid for a period of six (6) months from the date of its adoption, i.e., until December 15, 2026, in accordance with Article 100(1) of Law 4548/2018. It is noted that within an exclusive period of ten (10) days from the publication of this announcement, shareholders representing at least 1/20 of the Company’s share capital may request the convening of an Extraordinary General Meeting to decide on the granting of the relevant authorization. If the aforementioned deadline expires without action or if authorization is granted by the General Meeting, the transfer transaction may be validly completed.