“BriQ Properties Real Estate Investment Company” hereby informs the investing public of an extraordinary increase in its share capital up to a nominal amount of €5,596,777.20, through the issuance of up to 2,665,132 new common, registered voting shares with a par value of €2.10 each (the “New Shares”), via the reinvestment of the dividend for the fiscal year 2025.
The Capital Increase was decided by the Company’s Board of Directors at its meeting on April 28, 2026, pursuant to the authorization granted to it, pursuant to Article 24(1)(b) of Law 4548/2018, by the Annual General Meeting of April 29, 2025, as part of the four-year dividend reinvestment program (2025–2028) (“Scrip Dividend Program” or “Dividend Reinvestment Program” or “Program”) for a total amount of up to €30,000,000, in accordance with Article 1(5)(g) of Regulation (EU) 2017/1129.
1. The Company, in accordance with the resolution of the Annual General Meeting dated April 28, 2026, decided to distribute a dividend from the profits of the 2025 fiscal year in the amount of €0.200 per share (net), i.e., a total amount of €9.3 million, as calculated excluding the treasury shares held by the Company as of the ex-dividend date. Given the distribution of an interim dividend of €0.080 per share (net), following the decision of the Company’s Board of Directors on September 24, 2025, the remaining dividend to be distributed amounted to €0.120 per share (net).
2. Through the Share Capital Increase, the Company offered shareholders the option to choose whether they wish to receive their entire dividend entitlement in cash, reinvest said amount in the Company, or combine the two methods, receiving a portion in cash and the remainder in New Shares of the Company.
3. The beneficiaries of the Right of Choice were the beneficiaries of the dividend for the 2025 fiscal year, namely the Company’s shareholders who were registered in the records of the Dematerialized Securities System on Thursday, May 7, 2026 (record date), while as of Wednesday, May 6, 2026, the Company’s shares were traded ex-dividend (cut-off date).
4. Each eligible shareholder had the option to reinvest in New Shares, in whole or in part, up to an amount of €0.120 per share held as of the record date for the 2025 fiscal year dividend (May 7, 2026) (the “Reinvestment Amount”). It should be noted that the Reinvestment Amount is net, as there is no withholding tax on the dividend amount from the distribution of profits of A.E.E.A.P., pursuant to Article 58 of Law 5193/2025, as currently in force.
5. The right of election, i.e., the right of shareholders to choose how to receive the Reinvestment Amount, either in cash and/or in the form of reinvestment of all or part of the amount in New Shares (the “Option Right”), was exercised within a period of fourteen (14) days, from May 8, 2026, through May 21, 2026 (the “Option Period”).
6. The offering price of the New Shares was calculated as the average of the Company’s volume-weighted average share price (VWAP – Volume Weighted Average Price) of the Company during the five (5) business days preceding the Selection Period, i.e., from April 30, 2026, through May 7, 2026, reduced by 2% (“Discount Rate”), rounded to the nearest second decimal place. The offering price was set at €3.05 per share (the “Offering Price”).
7. In accordance with the relevant instructions of the dividend beneficiaries who chose to receive all or part of the Reinvestment Amount in New Shares, the total amount reinvested amounts to €3,129,150.55, which corresponds to 1,025,951 New Shares, while the remaining amount of €2,472,186.65 (net amount payable) from the 2025 fiscal year dividend will be paid to eligible shareholders in cash.
8. Due to the above reinvestment of part of the 2025 fiscal year dividend in New Shares and, consequently, the partial coverage of the Share Capital Increase, the Company’s Board of Directors, by its resolution dated May 22, 2026, confirming the partial payment of the Share Capital Increase amount through set-off, amended Article 5 of the Company’s Articles of Association.
Specifically, the Company’s share capital was increased by €2,154,497.10 through the issuance of 1,025,951 new common, dematerialized, registered voting shares with a par value of €2.10 each, at an offering price of €3.05 per New Share, while the difference between the par value of the new shares and their offering price, totaling €974,653.45, was credited to the “Share Premium” account.
9. On May 26, 2026, the decision of the Ministry of Development – General Secretariat of Commerce was registered in the General Commercial Registry (GEMI), under Registration Number 6063739, approving:
a) the extraordinary increase in the Company’s share capital up to the amount of €5,596,777.20, with the option of partial coverage in accordance with Article 28(2) of Law 4548/2018, exclusively in favor of existing shareholders through the reinvestment of a portion of the dividend for the 2025 fiscal year, and
b) the relevant amendment to Article 5 of the Company’s Articles of Association, as decided by the Board of Directors’ resolution dated April 28, 2026.
Finally, on May 27, 2026, the minutes of the Board of Directors meeting dated May 22, 2026 were submitted to the General Commercial Registry (GEMI), whereby:
a) it was confirmed, in accordance with Articles 20 and 28 of Law 4548/2018, the certification of the partial payment of the Share Capital Increase in the amount of €2,154,497.10 out of the total amount of €5,596,777.20 and the raising of funds totaling €3,129,150.55, of which €974,653.45 is credited to the “Share Premium” account, and
b) it was decided to amend Article 5 of the Company’s Articles of Association regarding share capital.
10. The funds raised from the Company’s Capital Increase under the Program will be used to finance investments and repay part of the Company’s existing debt.
11. The New Shares will be common, registered voting shares, with a par value of €2.10 each, and will be entitled to participate in any subsequent dividend payment, as well as in the four-year Dividend Reinvestment Program approved by the Company’s Annual General Meeting of Shareholders, in accordance with applicable law and the Company’s Articles of Association, provided they have been credited to the beneficiaries’ accounts through the Dematerialized Securities System (DSS), managed by “EURONEXT SECURITIES ATHENS S.A.”
The New Shares will be issued in the name of the eligible shareholders who exercised the right to reinvest part of the remaining dividend for the 2025 fiscal year and will not be subject to transaction costs.
12. The Company will follow the procedure for listing the New Shares on Euronext Athens (“ATHEX”), in accordance with the ATHEX Rules and the relevant decisions of the ATHEX Board of Directors. Trading of the New Shares on the Main Market of the ATHEX is expected to commence on the first business day following their listing approval by the ATHEX.
The shares will be registered in the records of Euronext Securities Athens and in the securities accounts and book-entry accounts at the Central Securities Depository (CSD) designated by the beneficiaries, while any adjustment to the Company’s share price will be made in accordance with the ATHEX Regulations and ATHEX Board of Directors Decision No. 26, as currently in force.
The New Shares are expected to be listed for trading on the same date as the payment of the dividend for the 2025 fiscal year, which will take place on Thursday, May 28, 2026 (“Commencement of Trading of New Shares”). The Company will notify investors again in the event of a change in the date of the New Shares’ listing for trading on the Athens Stock Exchange.