TAX OFFICE: for Societes Anonymes of Athens, General Commercial Registry (G.E.MI) No.: 000251501000
Announcement of Significant Event
Pursuant to the decision of its Board of Directors dated 18.04.2024 and the relevant announcements that followed, ELLAKTOR S.A. (hereinafter the "Company"), informs the investment community of the following:
On 30.04.2024, ELLAKTOR , completed through an Athens Exchange Over Τhe Counter (OTC) transaction, the process of purchasing all shares, i.e. 22,277,743 shares corresponding to 38.788% of the share capital and voting rights, held in REDS REAL ESTATE DEVELOPMENT AND SERVICES SOCIETE ANONYME (hereinafter "REDS") by RB Ellaktor Holding B.V. (hereinafter "RB Holding"). The total consideration amounted to €60,149,906.10, or €2.70 per share, which has been confirmed by the valuation exercise and the fairness opinion issued by the independent financial advisor Euroxx Securities S.A.
The Company has also made additional purchases, from 19.04.2024 until 30.04.2024 inclusive, through the Athens Exchange, at the same price of €2.70 per share, amounting on aggregate to 1,047,746 common registered voting shares, i.e. 1.824%, of the total share capital and voting rights of the issuer REDS.
Following the above, the Company holds directly 55,176,763 common registered voting shares, i.e. 96,0684% of the total share capital and voting rights of the issuer REDS.
Kifissia, 30.04.2024
1 | Σ ε λ ί δ α
Attachments
Original Link
Original Document
Permalink
Disclaimer
Ellaktor SA published this content on
30 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
30 April 2024 17:07:59 UTC.
ELLAKTOR S.A. is one of the leading Greek construction groups. Net sales break down by activity as follows :
- construction of infrastructures and buildings (57.5%) : roads, highways, bridges, hydraulic facilities, production sites, offices, etc.;
- development and operation of infrastructures under concession (28.5%): toll roads, airports, tunnels, parking facilities, etc.;
- supply of energy and environmental services (13%) : electricity production (primarily from wind, photovoltaic, and biogas energy), waste treatment and management, construction of treatment facilities, etc.;
- real estate development (1%): development of residential complexes, leisure centers, and shopping centers.
Net sales are distributed geographically as follows: Greece (78.1%), Europe (17.2%), Americas (3.9%), Middle East (0.8%).
ELLAKTOR S.A. 
