Louis plc initiates restructuring plan and exit from Cyprus Stock Exchange

Louis plc has filed an application with the Nicosia District Court to convene shareholder meetings to approve a major corporate restructuring plan. The proposal involves separating the Louis Nausicaa Beach hotel from the current group structure and establishing it under a new listed entity, Nausicaa Hotels Plc. This move is designed to simplify the group's operations, with Louis plc ultimately intended to become a private company and delist from the Cyprus Stock Exchange (CSE), leaving Clin Company Limited as its sole shareholder.

The restructuring seeks to transfer ownership of the hotel—currently held via Nausicaa Estates Ltd, a subsidiary of Louis Hotels Public Company Ltd—directly to the minority shareholders of Louis plc (33.03%) and Louis Hotels (0.12%) in exchange for their existing shares. This arrangement, which follows previous announcements made in December 2025, aims to ensure equitable treatment of minority investors. The plan remains subject to formal court approval, the outcome of specific shareholder votes, and other regulatory conditions. If successful, this process will mark a significant change in the group’s corporate governance and market presence.