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Completion of Bakandys acquisition

2015-02-09

Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd announces that today, 06/02/2015, the subsidiary Handy Snacks Ltd completed the agreements with Thamira Food Manufacturers Ltd for the acquisition of the operations, properties and brands & trademarks of the industrial production of Bakandys products and Bio Greenlife organic food as well other related food import representations of the Company. The acquisition is expected to affect positively the turnover and profitability of Frou-Frou, however, the prevailing uncertainty of the Cyprus economy does not allow safe sales and profitability forecasts at the current stage. The acquisition price has been paid both in cash and the assumption of liabilities of Thamira Food Manufacturers Ltd and amounts to €2.285 million. The acquisition will be financed by a new short-term loan (40%) and equity (60%) of Frou-Frou Group. The acquisition price includes goodwill of €1.185.0000. The acquisition falls within the framework of the development strategy of Frou-Frou Group, which aims to add to the productive activities of the Group recognized Cypriot food brands that stand out for their superior quality, awareness and preference by the Cypriot consumers.

Board meeting on 26/2

2015-02-13

We wish to inform you that the Board of Directors of ALKIS H.HADJIKYRIAKOS (FROU FROU BISCUITS) PUBLIC LTD will meet on Thursday, 26/2/2015 at 10.30 am to examine and approve the preliminary results for 2014. At the same meeting, the Board of Directors will examine the payment or not of a dividend for the year ended December 31, 2014.

Indicative results 2014

2015-02-26

We wish to inform you that at the meeting held on Thursday, 26/2/2015 at 10.30 am, the Board of Directors of ALKIS H.HADJIKYRIACOS (FROU FROU BISCUITS) PUBLIC LTD: a) Examined and approved the indicative results together with the Management Statement for the year ended December 31, 2014. b) The Board of Directors decided to propose to the Annual General Meeting the payment of a dividend of €958.949 (2013: €939.177) that corresponds to €0.0097 per share (2013: €0.0095) or 3.7% (2013: 3.7%) on the nominal value of the share capital and corresponds to 2.11% increase on the dividend of 2013. The proposed dividend also corresponds to a dividend yield of 4% on the closing price of the share of €0.255 as at December 31, 2014. This is the 13th consecutive year that the Company will pay increased dividend. The results will not be posted to the shareholders but will be published in newspaper “Politis” on Friday, February 27, 2015. Copies will be available at the Company’s registered office, 115 Grigori Afxentiou Avenue, 2660 Kokkinotrimithia, Nicosia. ALKIS Η. IIADJIKYRIACOS (FROU FROU BISCUITS) PUBLIC LTD INDICATIVE RESULTS 2014 2013 For the year ended December 31, 2014 € € Turnover 1 27.920.706 26.160.863 Cost of sales Gross profit 11.696.380 10.763.331 (16.224.326) (15.397.532) Other income 3 12.429.058 11.311.674 732.678 548.343 Administrative expenses (2.602.285) (2.827.295) Selling and distribution expenses (6.403.548) Profit from operations (5.847.469) Finance cost (680.156) (749.219) 3.423.225 2.636.910 Finance income Net finance cost 60.761 135.973 Profit before impairment of investments (619.395) (613.246) And evaluation of investments 2.803.830 2.023.664 Impairment of investments available for sale - (826.287) Deficit from revaluation of investment property - Profit before taxation 2.803.830 815.050 (382.327) Taxation Profit for the year (333.789) (585.156) 2.470.040 2 Earnings per share (cent) _____ 29.894 2,50 ______ Fully diluted earnings per 0,23 share (cent) 2.50 0.23

FBI Preliminary Financial Results 2014

Frou-Frou: Completion of Handy Snacks – Thamira Food agreement for acquisition of Bakandy and Bio Greenlife

2015-02-06

Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd announces that today, 06/02/2015, the subsidiary Handy Snacks Ltd completed the agreements with Thamira Food Manufacturers Ltd for the acquisition of the operations, properties and brands & trademarks of the industrial production of Bakandys products and Bio Greenlife organic food as well other related food import representations of the Company. 

The acquisition is expected to affect positively the turnover and profitability of Frou-Frou, however, the prevailing uncertainty of the Cyprus economy does not allow safe sales and profitability forecasts at the current stage. 

The acquisition price has been paid both in cash and the assumption of liabilities of Thamira Food Manufacturers Ltd and amounts to €2.285 million.

The acquisition will be financed by a new short-term loan (40%) and equity (60%) of Frou-Frou Group.

The acquisition price includes goodwill of €1.185.0000.

The acquisition falls within the framework of the development strategy of Frou-Frou Group, which aims to add to the productive activities of the Group recognized Cypriot food brands that stand out for their superior quality, awareness and preference by the Cypriot consumers.