Thrace Group announces sale of its Thrace Linq plant site for $14.5 million

ATHENS, Greece, June 22, 2020-

The Management of Societe Anonyme under the name “THRACE PLASTICS HOLDING COMPANY SOCIETE COMMERCIAL ANONYME“, with the distinctive title “THRACE PLASTICS CO S.A.” (called as “Company” hereafter), and in application of the clauses of article 17 with number 596/2014 of the Regulation of the European Parliament and the Council as of 16th April 2014, proceeds with the following disclosure.

In relation to the announcement made on 24/04/2020 regarding the permanent cessation of operations in the fully owned (by 100%) subsidiary Thrace Linq Inc., the Management informs the investors’ community that the sale and transfer of the privately owned industrial property, which is located in South Carolina, USA (and in which the above subsidiary was housed), has been completed.

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