• Louis today filed with the Nicosia District Court for permission to convene shareholder meetings on its restructuring scheme.
• The scheme would transfer debt-free ownership of Louis Nausicaa Beach hotel, valued at €43.47 million, to minority shareholders through Nausicaa Hotels.
• Nausicaa Hotels would list on the Cyprus Stock Exchange; Clin Company would become the sole shareholder of Louis, which would delist.
• All group debts and liabilities would remain with Louis and its subsidiaries; Nausicaa Hotels and its subsidiaries would assume none.
• Implementation requires shareholder approval by 50% plus one vote of those present, followed by final court sanction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Louis plc published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.