Gerardos family increases share in Plaisio to 96.31%

Consumer electronics retailer Plaisio, one of the biggest such retailers in Greece, on Monday announced that the company’s co-CEO and founder, Giorgos Gerardos, along with other close family members, have accumulated 96.31 percent of its share capital.

Another 0.10 percent of Plaisio shares (22.229) and accompanying voting rights were acquired this week.

The Gerardos family had unveiled a voluntary public buy-back scheme last month to acquire 100 percent of the company’s shares, with an offered price of 4.58 euros per share.

Gerardos and his son and co-CEO have informed the Athens Stock Exchange (ATHEX) and investors of their intent to de-list the company.