Key Developments: Gr Sarantis SA (SRSr.AT)

SRSr.AT on Athens Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Gr Sarantis SA to acquire Noxzema product line from Procter & Gamble
Wednesday, 8 Oct 2014 03:00am EDT 

Gr Sarantis SA:Announces acquisition of Noxzema product line in Greece from Procter & Gamble.Says acquisition to be completed on Oct. 31, 2014.Says acquisition will cost 8.7 million euros.Noxzema is a brand of products of personal hygiene.  Full Article

Gr Sarantis SA completes acquisition of ASTRID S.R.O.
Monday, 30 Jun 2014 10:38am EDT 

Gr Sarantis SA:Completes the acquisition of the Czech cosmetic trademarks company ASTRID S.R.O.Says more specifically, in the context of further strengthening its geographical footprint within the region of its operation and further enriching its own brand portfolio, it has signed an agreement for the acquisition of the 100 per cent of the share capital of the company ASTRID S.R.O.  Full Article

Gr Sarantis SA approves share buyback program of up to 10 per cent
Friday, 27 Jun 2014 06:28am EDT 

Gr Sarantis SA:Announces that the Ordinary General Shareholders Meeting has approved a share buyback program through the Athens Exchange of up to 10 per cent of the company's shares (the 10pct currently represents 3,477,098 shares).Says the maximum buy back price was set at eight euros (8 euro) per share and the lowest at fifty cents (0.50 euro) per share.Says the company may acquire own shares up to twenty four months from the date of the General Meeting, that is up to June 26.Says that the Board of Directors was authorized to act accordingly for the completion of the buyback program.  Full Article

Gr Sarantis SA appoints external auditors for FY 2014, approves interim dividend payment
Friday, 27 Jun 2014 06:27am EDT 

Gr Sarantis SA:Announces the appointment of M/s. OMEGA CERTIFIED AUDITORS ACCOUNTANTS S.A as the company's external auditors for the fiscal year 2014.Approves the interim dividend of 0.30 euro per share distributed to the company's shareholders based on the decision of the Board of Directors on Dec. 19, 2013.  Full Article

Gr Sarantis SA pays no extra dividend for FY 2013
Tuesday, 18 Mar 2014 10:04am EDT 

Gr Sarantis SA:Announces that it will not pay any extra dividend for 2013, apart from the 0.2967 euro interim dividend, which was paid to the shareholders on Jan. 24.  Full Article

Gr Sarantis SA extends partnership with CONTER S.r.l. through exclusive agreement
Monday, 13 Jan 2014 08:42am EST 

Gr Sarantis SA:Announces that it undertakes the exclusive representation and distribution of the brand STREP, which belongs to CONTER S.r.l., in Greece.Says that SARANTIS Group already cooperates with CONTER S.r.l. in Greece, representing and distributing the brands DENIM, TESORI D’ORIENTE and VIDAL.  Full Article

Gr Sarantis SA establishes new subsidiary in Portugal
Tuesday, 7 Jan 2014 09:53am EST 

Gr Sarantis SA:Announces the establishment of the wholly owned subsidiary company in Portugal named SARANTIS PORTUGAL, located in Lisbon.Says Group has already had export activity since 2009 in the Portuguese market through a sub-distributor that has been distributing the mass market fragrances and cosmetics BU, C-THRU, STR8 and BIOTEN.Says SARANTIS PORTUGAL has started operating on Jan. 1st and invoices directly the Portuguese market.  Full Article

Gr Sarantis SA announces interim dividend for FY 2013
Thursday, 19 Dec 2013 07:00pm EST 

Gr Sarantis SA:Says that its board of directors has decided the distribution of interim dividend payment for the fiscal year 2013 amounting to 0.2967 euro per share.Says the dividend corresponding to the company’s 352,793 treasury shares is applied to the dividend paid out to the other shareholders and hence the dividend is increased to 0.30 euro per share.Says the aforementioned dividend amount is subject to a 10 percent withholding tax and therefore shareholders will receive a net amount of 0.27 euro per share.Says Jan. 17, 2014 is set as the ex-dividend date, while the entitled shareholders are those registered in the Dematerialized Securities System on Jan. 21, 2014 (Record date).  Full Article

Gr Sarantis SA Announces New Jobs And New Investments Through The Production Transfer To Greece
Tuesday, 15 Oct 2013 06:36am EDT 

Gr Sarantis SA announced the closure of its production facilities in Romania and the transfer of all relevant production to Greece. The production of face and body cream products ELMIPLANT, BIOTEN, KOLASTYNA will be transferred to Sarantis Group production plant at Oinofoita, Greece. The transfer is expected to be completed by the first quarter of 2014. The total projected investment will amount to EUR 1.00 million, which will be mainly utilized for the preparation of the plant and the accommodation of the equipment, while approximately 20 new jobs will be created.  Full Article

Gr Sarantis SA Extends Its Partnership With Spotless Group
Monday, 8 Apr 2013 07:58am EDT 

Gr Sarantis SA announced that it extends its strategic partnership with Spotless Group to the exclusive representation and distribution of its brands in all the countries of the Group’s operation. Sarantis Group already distributes in Greece the Spotless Group brands VAPONA (category of insecticides) and COLOUR CATCHER and KEEP IT WHITE (category of laundry care). Based on the new agreement, Sarantis undertakes the distribution and representation of the laundry care product DYLON (alternative brand name for COLOR CATCHER in Eastern Europe) from 2013 and of the insecticide product GLOBOL (alternative brand name for VAPONA in Eastern Europe) from 2014 in the countries Poland, Romania, Bulgaria, Serbia, Czech Republic, FYROM and Bosnia.  Full Article

BRIEF-Sarantis announces 9M results

* EBITDA at 15.37 million euros vs 15.44 million euros last year

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