Metlen PLC Successfully Completes Share Exchange for Metlen S.A.

Metlen PLC Successfully Completes Share Exchange Offer for Metlen S.A.

Metlen Energy & Metals PLC, commonly referred to as Metlen PLC, has announced the successful outcome of its voluntary exchange offer aimed at acquiring the common shares of Metlen Energy & Metals S.A. (Metlen S.A.). This announcement marks a significant milestone for Metlen PLC, as it solidifies their strategic intent to integrate and strengthen their market position within the energy and metals sector.

Details of the Exchange Offer

The voluntary exchange offer initiated on June 25, 2025, aimed to acquire all issued common shares of Metlen S.A., each with a nominal value of €0.97. The offer was made in exchange for newly issued common shares of Metlen PLC at a one-to-one exchange ratio of one Metlen PLC share for each Metlen S.A. share. This offer illustrates Metlen PLC's commitment to enhancing shareholder value and expanding its operational footprint through strategic mergers and acquisitions.

According to the announcement, the subscription period for shareholders to accept the exchange offer concluded on July 25, 2025. During this period, a total of 129,024,224 Metlen S.A. shares were validly tendered for acceptance. This figure represents approximately 90.16% of the entire share capital and voting rights of Metlen S.A., signifying overwhelming support from the shareholders.

Among the accepted shares are 30,899,783 shares held by Mr. Evangelos Mytilineos and his affiliated companies, which further reinforces the confidence and commitment from key stakeholders in Metlen PLC's strategic direction.

Future Trading on Exchanges

Metlen PLC is scheduled to commence trading on the main market of the London Stock Exchange (LSE) and the Athens Exchange (ATHEX) on August 4, 2025. This initiation of trading is crucial as it positions Metlen PLC as a more prominent player in the international markets. The increased exposure on such platforms is expected to attract additional investment, driving growth and innovation within the company.

Regulatory Compliance and Future Outlook

This announcement underscores the regulatory compliance followed by Metlen PLC, fulfilling the requirements outlined in the Greek Law 3461/2006 regarding voluntary public offers. Metlen PLC assures that it adheres to all legal requirements, providing transparency and legitimacy to the transaction.

Furthermore, the communication stresses the presence of forward-looking statements that reflect the anticipated outcomes of this strategic move. However, Metlen PLC acknowledges that actual results may vary due to various commercial, operational, economic, and financial factors. Despite the uncertainties associated with forward-looking statements, the management remains optimistic about fulfilling expectations stemming from the exchange process and enhancing the overall shareholder experience.

The driving force behind this exchange offer can be seen as a strategic effort by Metlen PLC to consolidate its holdings and integrate operations to achieve economies of scale, enabling the company to navigate the increasingly competitive landscape in the energy and metals markets.

As Metlen PLC embarks on this new chapter post-exchange, all eyes will be on the anticipated market performance and corporate strategies that will unfold in the coming months. The successful completion of the share exchange marks a pivotal moment, promising a future rich with potential for both the management and shareholders. The outcome is a strong indicator of the evolving dynamics in the energy and metals sectors amidst shifting economic landscapes, innovation in operations, and increasing market demands.

Conclusion

In conclusion, the successful execution of Metlen PLC's share exchange offer marks a significant development for both the company and its stakeholders. As the trading date approaches, there is a palpable sense of optimism about what lies ahead for Metlen PLC in the evolving marketplace replete with opportunity and challenges. Stakeholders can look forward to witnessing the outcomes of this strategic move as it seeks to create value within the energy and metals domain.