The process was coordinated exclusively by Optima bank. Specifically, € 34.5 million (26,529,998 shares) was raised through a private placement to existing key and new investors (anchor investors), while € 5.5 million (4,239,232 shares) was raised through a public offering. Demand substantially surpassed expectations, reaching €60.3 million, representing an oversubscription of 1.5 times the intended raise.
One of the key objectives set by Management from the outset for this share capital increase was to strengthen the shareholder base and enhance the free float of the company’s shares.
In this context, and in order to facilitate broader investor participation, it was decided to allocate fewer shares through the private placement and correspondingly increase the number of shares offered via the public offering.
The strong demand recorded resulted in the public offering being oversubscribed by 4.1 times. The overall shareholding of the investing public with holdings below 5% (free float) in PREMIA PROPERTIES increased significantly, now standing at 22%, up from 17%.
It is worth noting that several high-profile investors joined PREMIA’s shareholder structure, confirming their confidence in the company and its strategic plan. These include ANIKA S.A. (affiliated with the Sklavenitis family), which holds a 1.8% stake, GFI LTD (Giannis Antetokounmpo) with a 2% stake, and Georgios Daskalakis with 3%.
Mr. Elias Georgiadis, Chairman of the Board of PREMIA PROPERTIES and majority shareholder of Sterner Stenhus Holding, stated:
“We have successfully completed an ambitious share capital increase for PREMIA, and we are extremely pleased. I would like to thank our existing shareholders for their continued support, our new anchor investors, specifically the Sklavenitis family, Giannis Antetokounmpo, and Georgios Daskalakis for their trust, as well as the 1,657 retail investors who honored us with their participation and belief in the company’s vision and management. We are proud of what we have achieved so far and are fully committed to continuing PREMIA’s strong performance and living up to the trust and expectations of all our shareholders.”
Mr. Kostas Markazos, CEO of PREMIA PROPERTIES, commented
“The highly successful completion of the capital increase represents a strong endorsement of our efforts to date and reaffirms investor confidence in our long-term strategic plan. Strengthened by new capital and a broadened shareholder base, PREMIA will remain focused on continuing its growth trajectory of recent years. Our goal is to further enhance profitability and, through new investments, reach a total asset base of €650 million by year-end. I would like to extend my sincere thanks to our advisor and placement coordinator, Optima Bank, for its pivotal contribution to this major success, as well as to the placing agent Pantelakis Securities and the law firm PotamitisVekris. I also wish to thank the entire PREMIA team for their continued commitment to the company’s values and vision.”
