Salamis Tours (Holdings) Public Ltd has issued assurances regarding its employment policy amidst a potential acquisition by E.V.H. Investments Ltd.
E.V.H. Investments Ltd has been steadily increasing its stake in the company, aiming for a potential full acquisition.
The company confirmed that no adverse effects on its operations or interests would arise if E.V.H. proceeds with a public offer to acquire up to 100 per cent of the issued share capital of Salamis Tours.
In a statement released this week, the company’s board of directors sought to ease staff concerns over these developments.
The board clarified that, based on the public offer document, E.V.H. Investments’ strategic plans are solely focused on acquiring control of Salamis for investment purposes.
The board expressed its view that, should the public offer be realised, it would not negatively impact Salamis’ overall interests.
On their part, E.V.H. Investments also clarified in their public offer document that the company “has no intention of restructuring Salamis, altering its employment policies, reducing staffing levels, or changing the location or mode of the company’s operations”.
Taking these assurances into account, the board affirmed that the implementation of E.V.H.’s strategic plans “would not affect Salamis employees or their employment conditions”.
It should be noted that following a recent share purchase on January 14, 2025, E.V.H. has raised its stake in Salamis Tours to 86.53 per cent.
The acquisition involved the purchase of 1,580 shares at €4.20 per share, amounting to a total cost of €6,636.
As a result, E.V.H. now holds 31,608,558 shares, representing approximately 86.53 per cent of Salamis Tours’ issued share capital and voting rights.
