€2.78 the final offering price of Noval Property' new shares
€2.78 the final offering price of Noval Property' new shares

€2.78 the final offering price of Noval Property' new shares

The final offering price of the Company's New Shares was set at €2.78 per share.
RE+D magazine
03.06.2024

17,388,025 new, ordinary, registered, voting shares of the Company were offered in total, through Noval Property's Public Offering .

"National Bank of Greece S.A." and "Eurobank S.A.", as Joint Coordinators and Bookrunners and Issue Advisors, and "Alpha Bank S.A." and "Piraeus Bank S.A.", as Joint Coordinators and Bookrunners, for the Public Offering and the listing of all ordinary, registered, voting shares of the company "NOVAL PROPERTY REAL ESTATE INVESTMENT COMPANY” (the "Company") for trading on the Regulated Market of the Athens Exchange, following the completion of the Public Offering on Friday 31.05.2024 and the resolution of the Company's Board of Directors dated 31.05.2024, announced that, 17,388,025 new, ordinary, registered, voting shares of the Company (the “New Shares”) were offered in total, through the Public Offering. 

The final offering price of the Company's New Shares was set at €2.78 per share. 

The total valid demand expressed by investors who participated in the Public Offering amounted to 39,592,341 New Shares at €2.78 per New Share, i.e. a total amount of €110.07mn, exceeding the 17,388,025 New Shares offered through the Public Offering, by approximately 2.28 times. 

The details of the allocation of the New Shares to the various categories of investors will be announced on Tuesday, 04.06.2024.