Trade Estates approves free allocation of 618,821 new shares

More specifically, the company’s Board of Directors, exercising the relevant authorisation granted by the Annual General Meeting of shareholders, approved a share capital increase of €990,113.60 through the capitalisation of an equivalent amount from distributable reserves.

As part of the decision, a total of 618,821 new ordinary registered shares with a nominal value of €1.60 each were issued and will be distributed free of charge to executive members of the Board of Directors, senior executives, and associates providing services to the company on a permanent basis.

The new shares represent 0.51% of the total number of already listed shares of the same class on Euronext Athens.

Following the completion of the capital increase, the company’s total share capital amounts to €194.8 million, divided into 121,750,863 registered shares with a nominal value of €1.60 each.

The company clarified that existing shareholders did not have pre-emption rights, as the increase was carried out through the capitalisation of reserves, in accordance with the applicable legal framework. In addition, no prospectus was required for the issuance of the new shares, as the process falls under the relevant regulatory exemptions.

The relevant amendment to the company’s articles of association was approved and registered with the General Commercial Registry in May, while Euronext Athens approved the listing of the new shares for trading on 21 May.

Trading of the new shares is expected to commence on 25 May 2026, following their crediting to the beneficiaries’ accounts in the Dematerialised Securities System.

The move forms part of the company’s strategy to reward and retain key executives, a practice increasingly adopted by listed groups in order to align management and employee incentives with the company’s long-term performance and value creation.