The final price per share for the Helleniq Energy placement was set at €7.

According to TAIPED, the offered shares represent 11% of the share capital.

According to the announcement, TAIPED and Paneuropean Oil and Industrial Holdings (POIH) agreed to sell 33,619,870 existing common shares of Helleniq Energy Holdings, representing 11% of the existing share capital of Helleniq, at a price of €7 per share, through an accelerated book-building process, for which no prospectus is required.

Specifically, TAIPED will offer 13,128,317 shares and after the completion of the transaction, will hold 31.2% of the share capital of Helleniq. Similarly, POIH will offer 20,491,553 shares and after the completion of the transaction, will hold 40.4% of the share capital of Helleniq.

The completion of the transaction is expected to take place on 12/12/2023, subject to certain customary conditions being satisfied or waived. Helleniq will not have any proceeds from the transaction.

The selling shareholders agreed with the joint global coordinators to retain the remaining shares in the company for a period of 180 days from the completion of the transaction, subject to certain carve-outs and exceptions.

Goldman Sachs and J.P. Morgan acted as joint global coordinators. Rothschild acted as the process advisor. Freshfields Bruckhaus Deringer and the Law Firm Karatzas & Partners acted as external legal advisors to TAIPED and POIH.