#Greece #Athens #Share Acquisition #Metlen PLC #Metlen S.A.

Metlen PLC Successfully Completes Share Exchange

Metlen Energy & Metals PLC, commonly referred to as Metlen PLC, has successfully finalized its voluntary share exchange tender offer to acquire the ordinary registered shares of Metlen Energy & Metals S.A. This strategic move aims to bolster Metlen PLC's footprint in the energy sector, following successful negotiations and engagements with shareholders.

Overview of the Tender Offer

The tender offer commenced on June 25, 2025, marking a significant step for Metlen PLC in consolidating its interest in Metlen S.A. The offer designated an exchange ratio of one Metlen PLC share for each Metlen S.A. share, a valuation set to facilitate seamless shareholder transition and bolster market confidence. The acceptance period concluded on July 25, 2025, yielding a remarkable response from shareholders.

During this phase, approximately 90.16% of the outstanding Metlen S.A. shares were tendered, translating to a total of 129,024,224 shares. Notably, the contributions included a significant block of shares held by prominent investor Mr. Evangelos Mytilineos and his associated entities. This overwhelming support not only satisfied the prerequisite conditions for the tender offer but also led to the successful fulfillment of all admission conditions necessary for proceeding with the trade.

Strategic Implications

The successful acquisition is poised to significantly enhance Metlen PLC's operational capacity and market resilience. By integrating Metlen S.A.'s resources and capabilities, Metlen PLC anticipates an expanded portfolio in the energy market, further capitalizing on emerging opportunities in renewable energies and other sectors. Additionally, this acquisition aligns with the company's long-term strategy to foster growth and innovation while improving shareholder value.

It is essential to retain investor confidence and ensure open lines of communication during this transition. As such, Metlen PLC has committed to transparency and regular updates regarding the integration process, ensuring shareholders are informed and engaged throughout the journey.

Next Steps and Market Debut

Trading of Metlen PLC shares is due to commence on the London Stock Exchange and the Athens Exchange on August 4, 2025. Market observers anticipate heightened interest from both institutional and retail investors, eager to understand how this strategic acquisition will influence Metlen PLC's operational dynamics and market performance moving forward.

In light of evolving energy landscapes and increasing demands for innovative solutions, Metlen PLC's acquisition of Metlen S.A. symbolizes a meaningful step toward fortifying its market position and enhancing its capabilities in addressing contemporary challenges.

Conclusion

As Metlen PLC embarks on this significant new chapter, stakeholders and market participants await the unfolding narrative of synergy and growth underpinned by this acquisition. Given the pressing needs within the energy sector, the integration of Metlen S.A. into Metlen PLC is expected to yield fruitful outcomes and represent a pivotal shift in the energy and metals landscape. Metlen PLC remains committed to navigating these changes successfully, with a focus on delivering sustainable value to its shareholders and stakeholders alike.