Announced today (26.6.2025) on the Stock Exchange the proposal to exchange its shares Metlen In order for the latter to be entered into the stock market London.
The proposal – already accepted by the company’s main shareholders, who control 28% of the shares – provides that for each Metlen share, shareholders will receive a new share of the company to be imported to London.
As noted in the announcement:
The transaction is aimed at gathering the group under a new parent company, Metlen PLC, based in the United Kingdom, while maintaining the range of activities, strategic goals and commitments of the Group focusing on Greece.
– The support of the Group in Greece will not be affected, as the Group will continue to maintain its activities, its investments, and its human resources in Greece, as well as its continued contribution to the Greek economy and society, while the secondary introduction of the common registration of the Metine Plus. There will be no impact on the jobs, earnings or benefits of the group’s staff due to the transaction, and Metlen Plc’s tax residence is in Greece.
– The main objectives of the public proposal, added, are to:
- The international dimension and international footprint of the group is reflected in a substantial and more accurate way, enhancing its promotion in international markets and facilitating its commercial activities on a daily basis,
- The group’s transformation is supported by moving into a more institutional model of operation that is in line with the group’s international footprint,
- International investors are expanded, through the primary import of the group to the largest and highest merchandise of Europe, which is traded by the largest number of international shares (https://www.londonstockexchange.com),
- The company’s shares of shares is further enhanced by the integration of the ESCCs’ shares in the ESCC category of the official list and their introduction to the LSE negotiation and facilitate the integration of the shares of the proposal to the FTSE UK Index Series Index and
- Further facilitated the group’s access to international shares and bond markets
Finally, it is clarified that those shareholders who do not accept the public proposal will have the right to exit 39.62 euros per share which is the average weighted price of the previous semester.
The required approvals will be followed by the London and Athens Stock Exchange in order to put the public proposal to come into force.