Metlen PLC Secures Majority Stake in Metlen SA Following Tender Offer
Trading on LSE and Athex Set for August 4, 2025
Metlen PLC has announced the successful conclusion of its voluntary stock exchange offer for Metlen SA, paving the way for its shares to be traded on the London Stock Exchange and the Athens stock exchange starting August 4, 2025.
Tender Offer Exceeds Acceptance Threshold
The offer, initiated on June 25, 2025, saw a significant uptake, with 129,024,224 Metlen SA shares validly tendered and accepted. This represents approximately 90.16% of Metlen SA’s share capital and voting rights, surpassing the crucial 90% approval condition. The acquisition involved an exchange ratio of one new Metlen PLC share for each Metlen SA share held.
Significant Investor Confidence Demonstrated
The high acceptance rate signals strong investor confidence in Metlen PLC’s strategic direction and the integration of Metlen SA. This substantial shareholder support is critical for the smooth transition and future operations.
Legal and Regulatory Compliance
The announcement confirms that the transaction complies with Greek Law 3461/2006 and other relevant regulations. Metlen PLC has declared this information as publicly accessible insider information, adhering to EU and British legal frameworks.
Global Markets Await Trading Debut
With the offer’s successful completion, Metlen PLC is poised for its debut on major stock exchanges. This move is expected to enhance liquidity and broaden the investor base for the company.
Future Outlook and Potential Risks
Metlen PLC acknowledges that its future performance is subject to various risks and uncertainties. These include commercial, operational, economic, political, and financial factors that could influence actual results and developments. The company stated it does not necessarily intend to update forward-looking statements unless legally required.
For further details, interested parties can access the full announcement of the tender results at Metlen Energy & Metals.
