CySEC grants Dinos Lefkaritis exemption from Petrolina takeover bid

The Cyprus Securities and Exchange Commission (CySEC) announced on July 27, 2026, that it has granted Dinos Lefkaritis an exemption from the requirement to submit a mandatory public takeover bid for Petrolina (Holdings) Public Ltd. The decision was formalized during a commission board meeting held on July 20, 2026, following an application submitted by Lefkaritis.

The exemption specifically permits Lefkaritis to acquire up to 10,000 additional shares in Petrolina (Holdings) Public Ltd, which corresponds to approximately 0.0114 percent of the company’s issued share capital and total voting rights. According to the regulatory framework, this acquisition would typically have triggered a mandatory takeover bid obligation toward the remaining shareholders under the 2007 Takeover Bids Law.

Under the terms stipulated by CySEC, the approved share acquisition must be finalized within a maximum period of six months. This ruling allows Lefkaritis to increase his stake in the entity without the legal requirement to launch a full-scale public acquisition process.