Further to its previous announcement, GEK TERNA S.A. (the “Company”) announces the successful completion of the private placement of 15,513,493 new shares (the “New Shares”) to specialist, institutional and other eligible investors who participated in the accelerated book build process (the “Private Placement”).
Based on the results of the accelerated book build process, the offering price of the New Shares was set at €42.50 per New Share (the “Offering Price”). Responding to strong demand from high-quality investors, the Company increased the size of the Private Placement, raising €659,323,452.50, approximately 32% above the €500,000,000 it had initially planned to raise.
Total demand at the Offering Price amounted to approximately €3 billion.
Following the above, the Board of Directors of the Company, by its decision dated 01.07.2026, resolved to increase the Company's share capital by the amount of €8,842,691.01 through cash payment, by issuing 15,513,493 new ordinary, dematerialized, registered voting shares of the Company, with a nominal value of 0.57 euros each (the “Share Capital Increase”), the exclusion (abolition) of the pre-emption right of the Company's existing shareholders and the offering of the New Shares at the Offering Price to investors who participated in the Private Placement.
The difference between the nominal value and the Offering Price of the New Shares, in the total amount of €650,480,761.49, will be credited to the Company's equity account “Share premium”.
The above decision of the Board of Directors was taken on the basis of the authorization granted to it pursuant to the resolution of the Company's Annual General Meeting of shareholders dated 16.06.2026, in accordance with the provisions of articles 24 para. 1(b) and 27 para. 4 of Law 4548/2018.
Banco Santander, S.A., Mediobanca Banca di Credito Finanziario S.p.A. and Morgan Stanley Europe SE acted as Global Coordinators of the Private Placement and, jointly with AXIA Ventures Group Ltd., as Joint Bookrunners.
It is noted that the offering of the New Shares through the Private Placement and their admission to trading on the Main Market of Euronext Athens are exempt from the obligation to publish a Prospectus, in accordance with Regulation 2017/1129 of the European Parliament and of the Council of 14 June 2017.
The completion of the issuance of the New Shares and the certification of the payment of the Share Capital Increase will take place within the next few days. The exact date of crediting the New Shares to the beneficiaries' securities accounts and the date of commencement of their trading on Euronext Athens will be announced in a subsequent announcement by the Company.