CMF: Offer price set at €7.50; offering more than four times oversubscribed

The public offering for the listing of Vangelis Marinakis’ shipping company on Euronext Athens was heavily oversubscribed. The board has decided to raise €300m.

CMF: Offer price set at €7.50; offering more than four times oversubscribed

This article is an AI translation of an original piece published in Greek. Read original

PIRAEUS BANK S.A., EUROXX Securities S.A. and Eurobank S.A., as Coordinating Lead Underwriters and Issue Advisers, and National Bank of Greece S.A., as Coordinating Lead Underwriter, in connection with the public offering in Greece of new ordinary registered voting shares in CAPITAL MARITIME FINANCE CORP., with a nominal value of US$0.04 each, and the admission of all the Company’s shares to trading on the Main Market of the Regulated Market of Euronext Athens Holding S.A. (“Euronext Athens”), announce, following completion of the Public Offering on Thursday, 15 October 2026, that a total of 40,000,000 New Shares were allocated through the Public Offering.

The final offer price of the New Shares, as set by the Coordinating Lead Underwriters in cooperation with the Company within the offer price range, and approved by the specially constituted committee of the Board of Directors (the Pricing Committee) on 15 October 2026, is €7.50 per New Share (the “Offer Price”) and is the same for all investors, qualified investors (including Cornerstone Investors) and retail investors, within the meaning of Regulation (EU) 2017/1129, who participated in the Public Offering.

Total valid demand in the Public Offering amounted to 144,740,097 New Shares at €7.50 per New Share, representing a total value of €1,085.6 million. As a result, the Public Offering, which was targeting proceeds of approximately €250,000,000, was more than 4.34 times oversubscribed.

Given the significant oversubscription of the Public Offering, the Company decided to exercise the option granted to it by a resolution of its Board of Directors dated 2 October 2026 and increase total proceeds raised to €300,000,000.

Detailed information on the allocation of New Shares by investor category will be announced on Monday, 19 October 2026.

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