GEK TERNA is inviting shareholders to attend an Extraordinary General Meeting
GEK TERNA is inviting shareholders to attend an Extraordinary General Meeting

GEK TERNA is inviting shareholders to attend an Extraordinary General Meeting

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RE+D magazine
23.01.2024

Following its previous announcement, GEK TERNA S.A. (the “Company”) announced, in compliance with the EU Regulation 596/2014 and the Athens Exchange Rulebook, as currently in force, the successful completion of the private placement of its shares to selected institutional investors.

Due to the increased demand, 6,000,000 Company’s ordinary shares(the “Shares”) were sold to investors, at a price of €13.20 per Share, instead of the originally announced number of 5,000,000 Shares. AXIA Ventures Group Ltd, acted as Global Coordinator and Bookrunner in connection with the private placement process. 

The block trades will be executed on 19.01.2024. The successful private placement of 6,000,000 Company’s shares to selected institutional investors confirms the trust of the investment community in the Company’s prospects, enhances the free float of the shares, while it also increases the Company’s investment program and adds further value to the Company and its shareholders. 

At the same time, the shareholder base of the Company is being expanded, through the participation of more institutional investors, which is expected to have a positive impact in the marketability of the Company’s shares in the medium term.

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