The Gerardos family, which own a majority stake in tech and electronics retailer Plaisio, has increased its percentage of the Greece-based company’s share capital by 7.66 percent (roughly 1.689 million shares), following a buy-back offer executed on Friday.
The development came after co-CEO and founder Georgios Gerardos officially announced the buy-back offer a day earlier, with the intent to de-list the company from the Athens Stock Exchange (ATHEX).
The offered price was 4.58 euros per share, as announced a day earlier.
With the development, the Gerardos family increased its stake of the company to 89.84 percent.
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