The stock's ISIN is "ORILINA" and the initial trading price of the Company's shares was set at €0.95 per share. It is been reminded that on 06.12.2023 the Public Offer was successfully completed and the sale of 32,200,000 new common shares were issued by the firm. The offering was priced at €0.95 per share for the entire Public Offer (Specialist and Private Investors).
The total funds raised of the Increase, prior issuance costs, amount at €30,590,000.
The total valid demand at the Offer Price of €0.95 amounted to 40,547,728 shares (i.e. amount of €38,520,341.60), exceeding the 32,200,000 New Shares to be offered through the Public Offer, by approximately 1.26 times.
The projects
The Company's Board of Directors announced that the funds raised of the offer, before deducting the issuance costs, amount to a total amount of €30,590,000.
After deducting the estimated issuance costs of €791,000, the total net capital raised of the Increase amounts to €29,799,000 and will be allocated by the Company for the financing needs of the implementation of investments in the Metropolitan Pole of The Ellinikon.
The net funds raised, until full disposal, will be invested in short-term low-risk investments, such as time deposits.
