The Athens Exchange welcomed on Wednesday the management, executives, and partners of Cenergy Holdings on the occasion of the commencement of trading of the new shares of the company resulting from the capital increase of €200 million in cash and the cancellation of the pre-emptive rights of existing shareholders.
STATEMENTS
According to the announcement, the CEO of the Athens Exchange Group, Mr. Yiannos Kontopoulos, referred to the highly successful coverage of the company's capital increase, also underlining "A particularly important element, apart from the raising of new capital that will be used for the company's development, is the remarkable improvement in the diversification of Cenergy Holdings' share, as it will now approach 30% from 20%. This development is particularly satisfying as it demonstrates in practice the company's care and protection of its shareholders, as the increase in the spread implies an increase in trading activity and consequently a more correct valuation of the share price on the board. It is also particularly significant that in the 9 years of parallel trading of the company on the Athens Exchange and Euronext, the overwhelming percentage of the company's trading volume is carried out on the domestic stock market".
Cenergy Holdings CEO Alexis Alexiou said: "Thank you very much for honouring us with your presence today, on a milestone day for Cenergy Holdings. Today is not only a stock market and business success as our company, following the successful Share Capital Increase, is taking a historic step: the expansion of our production in the US. It is also a moment of recognition of the trust we have built with our investors and shareholders." and then added, "Our investment in the US is not just another initiative. It is the foundation of a new chapter for Cenergy Holdings, a chapter of success that we are writing with you."
"Cenergy Holdings is at the forefront of the energy transition and is one of the most important export industrial groups in the country, with a footprint that spans more than 50 international markets. The €200 million Equity Increase is tangible proof of the group's ongoing commitment to investing in innovation, growth and extroversion," Mr. "At Alpha Bank, we are proud of our pivotal role in this complex transaction as the only Greek bank that acted as Co-Organizer of the Combined Offering and Coordinating Lead Underwriter of the Greek Offering. At Alpha Bank, we are committed to supporting similar ventures that contribute to the progress of the Greek economy and capital market".
For his part, the Vice Chairman of the Capital Market Commission, Mr. Michael Fekkas, said: "I am honoured to attend today the opening of trading of the new shares of Cenergy Holdings S.A. The success of the public offering reflects the confidence of investors in the company's dynamics and its prospects in the steel cables and tubes sectors. Of particular note is the preparation of the summary prospectuses in three languages (French, Dutch, and Greek), promoting transparency and extroversion, enhancing the participation of the international investment community and attracting capital from many different jurisdictions. Congratulations to Cenergy Holdings and I wish them every success."
