#Greece #Athens #Metlen PLC #Metlen S.A. #share exchange

Metlen PLC Completes Successful Share Exchange

Metlen Energy & Metals PLC, commonly known as Metlen PLC, has recently announced a significant achievement regarding its voluntary share exchange offer. This initiative aimed to acquire the registered ordinary shares of Metlen Energy & Metals S.A. (referred to as Metlen S.A.). The offer, which was formalized on June 25, 2025, included a detailed ratio for share exchange and has now concluded successfully, with a noteworthy response from shareholders.

Overview of the Share Exchange Offer

On July 25, 2025, the acceptance period for the tender offer concluded, resulting in an impressive total of 129,024,224 shares of Metlen S.A. being deposited. This total represents approximately 90.16% of the total voting rights and share capital of Metlen S.A. Such a response not only highlights the confidence and support from existing shareholders but also satisfies the primary condition of the exchange offer, which stipulated that at least 90% of the shares must be validly tendered.

Key Outcomes

The share exchange offer stipulated that Metlen PLC would exchange new ordinary shares issued in euros for each share of Metlen S.A. held by the shareholders. In essence, the offer proposed an attractive ratio of one new share from Metlen PLC for each Metlen S.A. share exchanged. This strategic move aims to consolidate both companies and align them more effectively under the Metlen PLC umbrella, fostering enhanced operational efficiencies and financial performance.

Furthermore, among the significant shareholders who participated in this exchange were Evangelos Mytilineos and several controlled entities, contributing to the favorable outcome of the tender offer.

Market Response

Trading of Metlen PLC’s shares on the Main Market of the London Stock Exchange and the Athens Exchange is set to commence on August 4, 2025. This timeline reflects the swift pace at which the share exchange negotiations have progressed. The successful transition will offer greater accessibility to investors and is expected to enhance liquidity within the markets.

Regulatory Insights

It is crucial to note that this announcement complies with the regulations set forth by Greek Law 3461/2006 regarding public offers, ensuring all necessary legal frameworks have been adhered to. This proactive approach to governance and regulation underscores Metlen PLC's commitment to transparency and legality in its operations.

Looking Ahead

As Metlen PLC moves ahead following this successful share exchange, investors and stakeholders will be keenly watching how these developments translate into operational improvements and market performance in the coming months. The completion of this exchange signifies not just a new chapter for Metlen PLC and Metlen S.A. but also emphasizes a broader strategic vision of growth and expansion within the energy and metals sector.

Conclusion

In conclusion, Metlen PLC’s voluntary share exchange offer marks a pivotal moment for the company and its shareholders. The enthusiastic response to the offer reflects a strong belief in the future potential of combined business operations, thereby setting the stage for an exciting future. Investors and stakeholders are hopeful that the forthcoming trading of shares will yield positive results, further establishing Metlen PLC as a formidable player in the energy and metals market.