Starting today, Wednesday, June 24, and through Friday, June 26, 2026, investors can participate in the public offering of Attica Department Stores.
The company is listing on the Regulated Market of Euronext Athens, with its sole shareholder, Kymora Limited, offering up to 17,100,000 shares with a par value of 0.41 euros each.
Price and Range
The offering price will range between €3.00 and €3.20 per share. Retail investors may subscribe at the upper end of the range, i.e., €3.20, and the final price will be announced on Monday, June 29. If the final price is lower, the difference will be refunded.
Specifically, the Offering Price will be determined by the Lead Managers in collaboration with the Selling Shareholder, as applicable, through a book-building process “Book Building”), which will be maintained by the Lead Underwriters and conducted through the Electronic Book-Building process (the “EBB”), and will be approved by the persons specifically authorized for this purpose, who were appointed by the Minutes of the Meeting of the Board of Directors of the Selling Shareholder dated June 15, 2026.
Specifically, the Offer Price will be determined within the Offer Price Range through the Tender Offer. This bidding process will be followed for the portion of the Public Offering targeting Qualified Investors and will take place concurrently with the subscriptions by Retail Investors during the Public Offering.
The Company is not offering shares in the Public Offering or in the Concurrent Private Placement to a limited group of persons and will not receive any proceeds from the sale of the Offered Shares or the shares offered through the Concurrent Private Placement to a limited group of persons, as the total net proceeds from the Public Offering and the Concurrent Offering to a limited group of persons will accrue to the Selling Shareholder.
The total net proceeds from the Public Offering for the Selling Shareholder, which, based on the Maximum Offering Price of €3.20 per Offered Share, amount to up to €50,714 thousand (net of estimated expenses of approximately €4,006 thousand).
The Offering Price will be notified to the Hellenic Capital Market Commission and published in the Euronext Athens Official Gazette no later than the next business day following the completion of the Public Offering. Concurrently with the determination of the Offering Price, the final allocation of the Offered Shares will also be decided.
The Offering Price will be the same for all investors—both Qualified and Retail—who participate in the offering of the Offered Shares through the Public Offering and the Parallel Offering to a limited group of persons.
In any case, the Offering Price will be determined within the aforementioned Offering Price Range and will be announced on Monday, June 29, 2026.
The Public Offering and the book-building period will last three (3) business days. Specifically, the Public Offering will begin on Wednesday, June 24, 2026, at 10:00 a.m. Greek time, and will conclude on Friday, June 26, 2026, at 4:00 p.m. Greek time. The Bookbuilding Period will remain open during the Public Offering from 10:00 a.m. to 5:00 p.m. Greek time, except on Friday, June 26, 2026, when it will close at 4:00 p.m. Greek time.
Participation Procedure for Individuals
To participate in the Public Offering, interested Retail Investors must present their national ID card or passport, their tax identification number, and a printout of their Central Securities Depository (CSD) details.
Applications for subscription by Individual Investors will be submitted through the Lead Underwriters’ Coordinators and the Lead Underwriters, as well as through H.B.I.P. Members and the participants in their securities accounts who collaborate with H.B.I.P. Members to submit subscription applications through the H.B.I.P. Service from the first through the last day of the Public Offering.
Interested Retail Investors will subscribe at the Upper Limit of the Offering Price Range.
The value of the subscription for Retail Investors is defined as the number of shares requested multiplied by the Upper Limit of the Offering Price Range.
Subscription applications from Retail Investors will be accepted provided that either the full amount of the subscription has been paid in cash or by bank check, or the equivalent amount of the subscription has been frozen in any type of deposit account held by their client investors or in client bank accounts maintained in connection with the provision of investment services, in which they appear as beneficiaries or joint beneficiaries.
Procedure for Participation by Qualified Investors
To participate in the Public Offering, interested Qualified Investors must contact the Lead Managers and the Underwriters after completing the relevant subscription application. The process for submitting offers by Qualified Investors will run from the first through the last day of the Public Offering.
Any subscriptions by Qualified Investors who are members of the Hellenic Capital Market Commission (HCMC) other than the Lead Managers and the Principal Underwriters will be considered under the category of Retail Investors.
Offers from Qualified Investors to the H.B.I.P. must include at least one of the following:
• the number of Offered Shares the investor wishes to acquire at market price,
• the number of Offered Shares and the maximum price the investor is willing to pay per share (within the announced range), and
• multiple whole numbers of Offered Shares with corresponding multiple prices per share.
The price included in the subscription application, within the Offering Price Range, will be in increments of €0.01.
The Book Building process will close on the last day of the Public Offering period (Friday, June 26, 2026, at 4:00 p.m. Greek time), at which point all bids as they stand at that time will be considered final.
The amount corresponding to the value of the Offered Shares made available through the Public Offering as described above must be paid into the account of Euronext Securities Athens by 11:00 a.m. Greek time on the second business day following the allocation, in accordance with the provisions of the H.B.I.P. Decision. The Coordinating Lead Managers, in cooperation with the Selling Shareholder, may, by their decision and at their sole discretion, extend the aforementioned payment deadline until 11:55 a.m. Greek time on the same day.
Allocation
Following the completion of the Public Offering and the determination of the Offering Price, and provided that the dispersion criterion set forth in paragraph 3.1.4.3 of the Euronext Athens Regulations, the Offered Shares will be allocated to investors as follows:
• at least 30% of the Offered Shares made available through the Public Offering, (i.e., at least 5,130,000 Shares in the event of full subscription to the Public Offering) will be allocated to satisfy subscriptions by Retail Investors, and
• up to 70% of the Offered Shares offered through the Public Offering, (i.e., up to 11,970,000 Shares in the event of full subscription to the Public Offering) will be allocated among Qualified Investors and Retail Investors based on the total demand expressed in each investor category (Qualified and Retail Investors).
In the event that any shares remain unsold during the Parallel Offering to a limited group of persons, those shares will be transferred for sale in the Public Offering.
Provided that the subscriptions of Retail Investors for 30% of the Offered Shares have been satisfied, the following will be taken into account for the final determination of the allocation percentage per investor category: (a) demand from Qualified Investors, (b) demand in the Retail Investor segment exceeding 30%, (c) the number of subscription applications from Retail Investors, and (d) the need to achieve adequate dispersion.
In the event that demand in any investor category falls short of the number of Offered Shares initially intended to be allocated to that category, the unsold Offered Shares may be transferred and allocated to another investor category in which excess demand has been expressed, following a decision by the Selling Shareholder in consultation with the Lead Managers.
Accordingly, the indicative allocation percentages among investor categories may be adjusted during the allocation process, with the aim of fully placing the Offered Shares, optimally meeting demand, and achieving the desired investor base and dispersion.
In the event that total demand from Retail Investors falls short of 30% of the total number of Offered Shares available for sale, subscription applications from Retail Investors will be fully satisfied up to the amount for which demand was actually expressed, and the Offered Shares corresponding to the shortfall relative to the total 30% of all Offered Shares available for allocation will be transferred to the category of Qualified Investors for allocation.
The number of Offered Shares to be allocated to each investor will correspond to a whole number of trading units. A trading unit is one (1) Share. The Shares are denominated in euros (€).
Investors will not be charged any costs or taxes for the transfer of the Offered Shares and their registration in the Securities Accounts.
Furthermore, regarding the allocation process, the following points are noted:
Allocation of the Offered Shares to Qualified Investors
The allocation of the Offered Shares to Qualified Investors participating in the Private Placement process will be carried out in accordance with the allocation procedure to be determined by the Selling Shareholder in collaboration with the Lead Managers and the evaluation of the submitted bids, during which the following criteria will be taken into account:
• the type of institutional investor within the category of Qualified Investors,
• the estimated, in the discretion of the Lead Managers, time horizon for holding the Shares per Qualified Investor, with a higher allocation ratio assigned to Qualified Investors who are expected to hold the Shares for a longer period,
• the size of the offering, and
• the offering price and, in particular, the contribution of a Qualified Investor’s bids toward establishing an attractive Offering Price.
Qualified Investors who subscribe through any Intermediary without disclosing their identity will be treated equally in the allocation process.
It is at the discretion of the Lead Underwriters to use one or any combination of the above criteria. It should be noted that there is no obligation to satisfy the submitted offers from Qualified Investors on a pro rata or any other basis.
Allocation of Offered Shares to Retail Investors
Following the determination of the total number of Offered Shares to be allocated to Retail Investors by the Lead Managers (i.e., a percentage of at least 30% and any additional shares resulting from the allocation process), it is expected that, in principle, approximately 50% of the Offered Shares allocated to the Retail Investor category will be allocated to existing retail shareholders of IDEAL HOLDINGS S.A. as of the Record Date (the “Priority Investors”), who participate in the Public Offering, and the remaining 50% to new retail investors, as follows:
(a) approximately 50% of the Offered Shares allocated to the Retail Investors category will be allocated on a priority basis to the existing retail shareholders of IDEAL HOLDINGS S.A. (the “Priority Allocation”), as of the Record Date.
The Record Date for determining the existing retail shareholders of IDEAL HOLDINGS S.A. who are entitled to the Priority Allocation Right has been set as the close of trading on Euronext Athens on June 23, 2026.
More specifically, each Priority Investor who has submitted a valid application to participate in the Public Offering will be entitled to a Priority Allocation of up to 500 Offered Shares (the “Limit”), provided that the available Offered Shares are sufficient to fully satisfy the total demand in that category (the “Priority Allocation Right”). The allocation to each Priority Investor will be equal to the lesser of (i) the number of Offered Shares requested and (ii) the Limit.
Provided that the available Offered Shares allocated to Priority Investors are sufficient, they will be fully satisfied up to the relevant Limit. In the event that the available Offered Shares are insufficient to fully satisfy the total demand in this category, the allocation will be made on a pro rata basis among all Priority Investors, with a proportional reduction of the Limit, so that the total allocation under the Priority Allocation does not exceed the number of available Offered Shares allocated to that category.
If fractional shares result from the Priority Allocation, their number will be rounded down to the nearest whole number.
It should be noted that the Priority Allocation mechanism does not constitute a preemptive right within the meaning of Article 26 of Law 4548/2018, and is not subject to trading or transfer in any manner.
Upon completion of the Priority Allocation up to the above Limit (or the adjusted Limit resulting from the application of the horizontal allocation coefficient), any remaining Offered Shares in the Priority Investors category will be allocated pro rata among the Priority Investors who have submitted requests in excess of the Limit, based on their unsatisfied demand
(b) approximately 50% of the Offered Shares allocated to the Retail Investor category will be allocated on a pro rata basis (pro rata) based on the total demand among new investors, as well as any unserved demand from Priority Investors following the completion of the Priority Allocation described above.
The percentages set forth in (a) and (b) above are indicative and may be adjusted by the Selling Shareholder in consultation with the Lead Managers, taking into account the demand expressed in each investor category.