Options to buy data storage firm based in Greece

The Board of Directors of Options Cassoulides Plc (OPT) has examined a proposal to acquire a data storage and management of natural and electronic filing systems as well as the special destruction and/or recycling of confidential material company based in Greece. The target company partially belongs to the family of Pavlos Savvides (executive chairman of the Group). The final decision is subject to a feasibility study that will be performed and presented by an external consultant to the Group’s Board. Furthermore, the Board decided the postponement of possible share and rights issue.

Financial Mirror, February 13, 2009

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