Y/KNOT Invest S.A. (the “Company”) informs the investing public that, due to oversight, the Report on the Allocation of Raised Funds (the “Report”) for the period ending 30.06.2026, as provided for in decision no. 10A/1038/30.10.2024 of the Board of Directors of the Hellenic Capital Market Commission, was not included in the interim semi-annual financial statements for the period 01.01.2026 – 30.06.2026.
It is recalled that the Company, in accordance with the decision dated 23.03.2026 of the adjourned Extraordinary General Meeting of shareholders in conjunction with the decision dated 26.03.026 of the Board of Directors, proceeded with a share capital increase, raising funds totaling €22,785,480.00.
The Report is set out below:
In accordance with the provisions of paragraph 4.1.2 of the Athens Exchange Regulation (hereinafter the “ATHEX”), as well as decisions 25/06.12.2017 of the Board of Directors of the ATHEX and decisions 8/754/14.04.2016 and 10A/1038/30.10.2024 of the Board of Directors of the Hellenic Capital Market Commission (hereinafter the “HCMC”), as in force, the following are disclosed:
The adjourned Extraordinary General Meeting of the Company’s shareholders on 23.03.2026 (the “EGM”) decided to raise funds up to a total amount of €22,800,000 through an increase of the Company’s share capital up to the amount of €22,800,000, by payment in cash, with pre-emption rights in favor of the existing Shareholders (the “Pre-emption Right”), with the possibility of partial coverage in accordance with article 28 of Law 4548/2018, through the issuance of up to 38,000,000 new common, dematerialized, registered voting Shares (the “New Shares”), with a nominal value of €0.60 each, by public offering and admission of the New Shares to the Athens Exchange (the “ATHEX”).
The Company’s Board of Directors, at its meeting on 26.03.2026, by virtue of the authority granted to it by the above EGM decision, set the disposal price at €0.75 per New Share, which could be higher than the stock market price of the Company’s existing shares at the time of the detachment of the Pre-emption Right in accordance with the provisions of the ATHEX Regulation, and also set the ratio at four (4) New Shares for every one (1) existing Share (the “Increase”).
In the same decision of the Company’s Board of Directors, the technical and procedural terms for the exercise of the pre-emption right and the oversubscription right in the Increase were specified.
On 27.03.2026, the document of Annex IX of Regulation 2017/1129 and the application for the admission to trading of the Company’s Pre-emption Rights on the Regulated Market of the Athens Exchange were submitted to the HCMC and published on the Company’s and the ATHEX’s website.
The period for the exercise of the Pre-emption Rights of the existing shareholders was set at fourteen (14) days, namely from 08.04.2026 up to and including 21.04.2026. The ex-rights date for the pre-emption right in the Increase was set as 01.04.2026.
The commencement of trading of the rights in the electronic trading system of the Athens Exchange coincided with the start of their exercise period and ended on 16.04.2026.
The funds raised from the Increase amounted to the total sum of €22,785,480.00 (namely, capital in the amount of €20,774,257.50 was covered through subscriptions by those exercising the pre-emption right and capital in the amount of €2,011,222.50 was covered through the exercise of the oversubscription right).
No issuance expenses were incurred, against budgeted expenses of up to €912,000, with the result that there was no reduction of the total funds raised. Therefore, the net funds raised from the Increase amounted to €22,785,480.00.
The certification of the timely and full payment of the total amount of the share capital increase by the Company’s Board of Directors took place on 24.04.2026.
The Athens Exchange, at its meeting on 28.04.2026, approved the admission of 30,380,640 new, common, dematerialized, registered voting shares of the Company, with a nominal value of 0.60 euro each, for trading on the Main Market of the Athens Exchange. Trading of the shares on the ATHEX began on 29.04.2026.
In the table below, the funds raised (totaling €22,785,480.00), which resulted from the issuance of 30,380,640 New Shares at a disposal price of €0.75 each, as well as their allocation up to 30.06.2026 by category of use, are presented:
With regard to the use of the above raised funds, the following are noted:
• with regard to use no. (a) above, after 30.06.2026, the Group’s investment in the AMETHYST Aframax LR/2 tanker, with a carrying capacity of 105,599 DWT, which was built in 2009 at Hyundai Heavy Industries shipyards, through Y/Amethyst Inc, an indirect subsidiary of the Company, was completed. In the context of this investment, the entire intended use of raised funds in the amount of €11,000,000 was allocated,
• with regard to use no. (b) above, after 30.06.2026 the Company proceeded with the full repayment of an existing bond loan in the amount of €8,000,000.00 that it had received from an affiliated company, and
• with regard to use (c) above, from 28.04.2026 to 30.06.2026 the Company allocated the amount of €2,009,058.09 for working capital, including payments to suppliers, partners and service providers, professional fees, operating expenses, promotion and publicity expenses, tax and social security obligations, as well as other expenses related to the smooth operation and development of the Company’s activities.
The allocation of the funds was carried out in accordance with the Company’s current operational needs and contributed to the uninterrupted continuation and support of its operation. It is clarified that until their full and complete allocation, the temporarily unallocated funds are deposited in interest-bearing bank accounts of the Company.