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Trastor
Increase in share capital due to conversion of bond loan
According to the company, Trastor increased its share capital by €19.7 million as a result of the convertible bonds' conversion, which Piraeus Bank fully funded.
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Tassos Kazinos, Chief Executive Officer Trastor REIC

Trastor increased its share capital by €19.7 million due to the conversion of convertible bonds (which was covered in its entirety by Piraeus Bank) as the company informs.

In detail, the announcement of the listed company states that:

The joint stock company named Τrastor. in continuation of the 13.01.2023 and 24.02. 2023, announces to the investing public, that according to the terms of the issue program of 02.03.2023 (hereinafter referred to as the "Program") of a mandatory convertible bond loan (hereinafter referred to as the "CB"), in the amount of up to €55.0 million, with the cancellation of the pre-emptive rights of the existing shareholders and with the issuance of up to 55,000,000 mandatory convertible bonds into ordinary voting shares of the Company, with a nominal value of one euro (€1.00) each (hereinafter the "Bonds"), issued by the Company, pursuant to the 13. 01.01.2023 resolution of the Extraordinary General Meeting of its Shareholders and the 23.02.2023 resolution of its Board of Directors and which (MOL) was covered in its entirety by Piraeus Bank, further announces to the investment community that, on 26. 03.03.2024 (hereinafter referred to as the "Conversion Date"), the mandatory conversion of all 52,129,572 Bonds issued up to the Conversion Date into 39,492 Bonds took place. 100 new ordinary registered, non-voting, common shares of the Company, with a nominal value of €0.50 each (hereinafter the "New Shares"), based on the conversion ratio determined, according to which every 1.32 Bonds issued are converted into one (1) New Share of the Company.

The total amount of the increase in the Company's share capital due to the conversion of all the Bonds into New Shares amounts to EUR nineteen million seven hundred and forty-six thousand fifty (€19,746,050).

By the resolutions of the Board of Directors of the Company dated 26.03.2024 and 23.04.2024, the aforementioned increase in the share capital of the Company was established and certified and Article 5 of the Company's Articles of Association was adjusted accordingly, in accordance with the provisions of Articles 71 par. 4, 4 par. 4 and 20 of Law 4548/2018, as amended. The resulting difference, based on the above, between the nominal value of the New Shares (€0.50) and the conversion price, for a total amount of EUR thirty-two million, three hundred eighty-three thousand, five hundred twenty-two (€32,383,522) was credited to the account "Difference from the issue of shares in excess of par value".

The aforementioned 26.03.2024 and 23.04.2024 resolutions of the Board of Directors of the Company for the establishment and certification of the increase in the share capital of the Company and the adjustment of its Articles of Association were filed with the G.E.M. and the relevant notices were published in the G.E.M. on 16.04.2024 and 08.05.2024, respectively (Registration Code 4125087 and 4161287, respectively).

Following the above, the Company's share capital currently amounts to €122,334,819, divided into 244,669,638 dematerialised ordinary registered shares with no voting rights, with a nominal value of €0.50 each.

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