Pursuant to the recent capital increase, the Company will issue 177,500 new ordinary registered shares with a nominal value of €1 each. These shares will be distributed free of charge to the Company’s employees, long-term service providers, and one non-executive member of the Board of Directors (the “Beneficiaries”), in accordance with Article 114 of Law 4548/2018, as amended.
It is noted that the Company’s shareholders were not granted pre-emptive rights in this increase, as the capital raise was effected through capitalization of the respective reserves, in compliance with Article 27(2) of Law 4548/2018.
The issuance of these shares did not require the publication of a prospectus, as it falls under the exemption provisions of Article 1(5)(h) of Regulation (EU) 2017/1129 and Article 1(4)(θ) concerning public offerings.
The new shares are of the same class as the Company’s existing shares traded on the Main Market of the Athens Stock Exchange. Specifically, the 177,500 newly issued shares represent approximately 0.389% of the total outstanding shares of the same class currently listed.
Following this capital increase, the Company’s share capital stands at €45,680,000, fully paid and divided into 45,680,000 shares with a nominal value of €1 each.
On 29 May 2025, the amendment of Article 5 (Share Capital) of the Company’s Articles of Association, reflecting this capital increase, was registered with the General Commercial Registry (GEMI) under registration code 5388847, pursuant to decision no. 3633373 AP/29.05.2025 issued by the Directorate of Companies, Department of Listed Companies, General Secretariat of Commerce, Ministry of Development.
Subsequently, on 2 July 2025, the Athens Stock Exchange approved the admission to trading of the newly issued shares.
The shares will be tradable on the Athens Stock Exchange starting from 4 July 2025. Their initial trading price will be established in accordance with the Athens Stock Exchange’s regulations and Decision no. 26 of the Exchange’s Board of Directors. The shares will be credited to the beneficiaries’ accounts within the Dematerialized Securities System (DSS).
