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LONDON - Metlen Energy & Metals PLC announced Friday that 13,998,756 new ordinary shares will begin trading on the London Stock Exchange and Athens Exchange on September 1, following regulatory approvals.
The new shares were issued as part of the company’s "squeeze-out" acquisition of remaining shares in Metlen Energy & Metals S.A. that it didn’t already own through its voluntary tender offer from June 25, 2025.
The Athens Exchange approved the listing of the new shares, which were issued pursuant to a €153,986,316 increase in Metlen PLC’s share capital. The shares were exchanged at a ratio of one new Metlen PLC share for each Metlen S.A. share.
According to the company’s press release, admission of the new shares to the Official List of the UK Financial Conduct Authority will become effective at 8:00 a.m. UK time on September 1. Trading will begin simultaneously on the London Stock Exchange, while trading on the Athens Exchange will start at 10:15 a.m. Greece time on the same day.
The delivery of the new shares to Metlen S.A. shareholders through CREST, the Dematerialised Securities System, or the Consignments Deposits and Loans Fund will take place today.
Following this capital increase, Metlen PLC’s share capital now amounts to €1,573,252,780, divided into 143,022,980 ordinary registered shares, each with a nominal value of €11.00.
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