Metlen PLC Successfully Completes Tender Offer for Shares

Author: Addison Perry Updated: 07-29-2025 05:11 AM

Successful Share Exchange Tender Offer by Metlen PLC

Metlen Energy & Metals PLC, often referred to as Metlen PLC, has publicly announced the successful culmination of its voluntary share exchange tender offer intended for acquiring the ordinary registered shares of Metlen Energy & Metals S.A. This strategic move is aimed at further consolidating Metlen PLC's presence in the energy and metals market.

Market Trading Information

Trading for shares of Metlen PLC on the Main Market of the London Stock Exchange (LSE) and the Athens Exchange (ATHEX) is anticipated to commence shortly, signaling an exciting new chapter for the organization. This offers investors a fresh opportunity to engage with the market dynamics surrounding Metlen PLC.

Overview of the Tender Offer

Under Greek Law 3461/2006, Metlen PLC successfully executed its voluntary share exchange tender offer designed to obtain all ordinary registered shares that Metlen PLC and associated entities do not already hold. Each Metlen S.A. Share, valued at €0.97, was exchanged for new Euro-denominated ordinary shares of Metlen PLC at a favorable exchange ratio of one share for the equivalent share of Metlen S.A.

Acceptance Prerequisites and Tender Results

The acceptance period concluded with the valid tendering of 129,024,224 Metlen S.A. Shares, which accounts for an impressive 90.16% of the total share capital and voting rights. This included shares directly owned by Mr. Evangelos Mytilineos, alongside other connected companies.

With this remarkable uptake, the condition requiring at least 90% of the total share capital to be lawfully tendered was successfully met, allowing Metlen PLC to proceed to the next steps in enhancing its operational scope.

Importance of Compliance

As detailed in the announcement, compliance with the local regulations during this tender process was paramount. The documentation provided during this exchange aligns with the stipulations in Greek law, ensuring that all necessary guidelines were followed to validate the progress of the tender offer.

Wrapping Up

As the industry watches closely, Metlen PLC continues to pave its path in the energy and metals sector. The successful execution of this tender offer is a significant milestone, indicating a strong strategic direction and reinforced investor confidence.

Frequently Asked Questions

What is the significance of the tender offer by Metlen PLC?

The tender offer signifies Metlen PLC's commitment to expanding its influence within the energy and metals industry by acquiring additional shares and solidifying ownership of Metlen S.A.

When will trading for Metlen PLC shares commence?

Trading on the London Stock Exchange and Athens Exchange is expected to begin soon after the completion of the tender offer.

What was the exchange ratio for the tender offer?

Each Metlen S.A. Share was exchanged for one new Euro-denominated ordinary share of Metlen PLC.

What was the percentage of shares successfully tendered?

A total of 90.16% of the Metlen S.A. share capital was successfully tendered during the acceptance period.

Who is the person responsible for this announcement?

The announcement was arranged by Leda Condoyanni, serving as the Company Secretary for Metlen PLC.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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