representing approximately 20% of the share capitalof the Company and Eurobank’s entire stake in the Company, via an institutional private placement by way of an accelerated bookbuild offering to institutional investors, at a price of €8.80 per share (the “Placement”).
Fairfax’s subsidiaries have been allocated 10,000,000 shares of Grivalia Properties in the Placement and, consequently, following completion of the Placement, the voting rights in Grivalia Properties controlled by Fairfax will increase to approximately 51.4%.
Various funds, whose investment manager is Pacific Investment Management Company LLC, have been allocated 5,065,000 shares in the Placement. HSBC Bank plc, AXIA Ventures Group Ltd and Eurobank Equities Investment Firm as Joint Global Coordinators and Joint Bookrunners (the “Bookrunners”) for the Placement.
