Mytilineos is proceeding with a placement for 4.5 million shares, valued at €175 million. This is a small discount compared to today's closing price of €38.94.

On the basis of the data so far, the demand offered exceeds the supply, and therefore the book is immediately covered.

The sellers are Frenzia LTD and Kilteo LTD, in the interests of the company's Chairman and CEO, Evangelos Mytilineou.

It is noted that the Greek company announced at the end of April its intention to be listed on the London Stock Exchange, while keeping its shares traded on the Athens Capital Market and its headquarters in Greece.