This has resulted in the share
capital increase and the listing of the Company’s shares on the ATHEX in July 2022,
with the net asset value (NAV) of the Group increasing from €39.0mn as of 31.12.2021
to €124.5mn as of 30.09.2022 and net debt significantly decreasing from €39.7mn as
of 31.12.2021 to €8.8mn as of 30.09.2022.
Increase of the fair value of the Group’s investment properties and investment in joint ventures: €125.5mn as of 30.9.2022 vs €87.8mn as of 31.12.2021
Increase in Group’s EBITDA: earnings of €5.5mn in 9M 2022 vs earnings of €0.1mn in
9M 2021.
The Extraordinary General Meeting of the Company's shareholders dated March 22, 2022, resolved on the following: (a) the listing of the Company's common shares on the main market of the Athens Stock Exchange, in accordance with the applicable legislation and (b) the increase of the share capital of the Company by the issuance of 6,538,100 new common nominal shares with voting rights and nominal value of €0.05 per share.
On July 6, 2022, the Company's shares started trading on the regulated market of the Athens Stock Exchange, following the successful public offering that was completed on July 1, 2022.
The final price of
the Company's common shares was set at €15.00 per share. The total funds raised, after the
deduction of issuance costs, amounted to c. €92.5mn.
