A price range of €2.60 to €2.82 euros has been set for the offering of the new shares of Noval Properties in the context of the public offer that starts tomorrow and will last until Friday, May 31.

It is noted that up to 17,388,025 new ordinary shares with a nominal value of €2.5 euros will be made available in the public offer.  Based on the maximum offering price, the total proceeds of the capital increase, assuming full coverage, will amount to approximately €49 million.

The offer price will be published no later than the next business day after the closing of the public offer. Simultaneously with the determination of the offer price, the final allocation of the new shares will be decided.

Yesterday, during a presentation by Panagiotis Kapetanakos, the CEO of Noval Property, in honor of the company's listing on the Athens Stock Exchange, the company highlighted the strategic pillars and the properties that will be developed within the framework of the €340 million investment program that the company is implementing until the end of the decade.