Following the announcement of Metlen PLC made on 7 August 2025 regarding the approval by the Board of Directors of the Hellenic Capital Market Commission of the Company’s written request made on 4 August 2025 in relation to the exercise of its right pursuant to article 27 of law 3461/2006 (the “Law”) to acquire (the “Right of Squeeze-Out”) the remaining ordinary registered shares, each having a nominal value of €0.97 (each a “Metlen S.A. Share”) issued by Metlen Energy & Metals S.A. (“Metlen S.A.”), which Metlen PLC has not acquired through the voluntary share exchange tender offer it submitted on 25 June 2025 in accordance with the Law (the “Tender Offer”), in consideration for newly issued Euro denominated ordinary registered shares, each having a nominal value of €11.00 issuable by Metlen PLC, the Company announces the following:
(a) On 29 August 2025, ATHEX approved the listing and admission to trading of 13,998,756 new Euro denominated ordinary registered shares issued by Metlen PLC (the “New Shares”) on the Regulated Securities Market of the ATHEX. The New Shares were issued pursuant to an increase in Metlen PLC’s share capital by €153,986,316 further to its acquisition of 13,998,756 Metlen S.A. Shares (the “Relevant Metlen S.A. Shares”), in consideration for the New Shares. The Relevant Metlen S.A. Shares were acquired by Metlen PLC pursuant to the Right of Squeeze-Out, with an exchange ratio of one New Share for one Metlen S.A. Share.
(b) The admission of the New Shares to the equity shares (commercial companies) segment of the Official List of the UK Financial Conduct Authority will become effective at 8:00 a.m., UK time, on 1 September 2025.
(c) Trading of the New Shares on the LSE and the ATHEX will commence on 1 September 2025 at 8:00 a.m., UK time, and at 10:15 a.m., Greece time, respectively.
(d) The delivery of the New Shares to the shareholders of Metlen S.A. through, as applicable, CREST, the Dematerialised Securities System or the Consignments Deposits and Loans Fund, will take place on 29 August 2025.
(e) Following the aforementioned increase, Metlen PLC’s share capital in ordinary registered shares amounts to €1,573,252,780.00 and is divided into 143,022,980 ordinary registered shares.
Metlen PLC will promptly inform the investors if there is a change to the dates and times set out in this announcement.
29 August 2025
Metlen Energy & Metals PLC
IMPORTANT NOTICE
This regulatory announcement does not contain, constitute or form part of any offer or invitation to sell or subscribe or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, and neither this regulatory announcement (nor any part of it) nor the fact of its distribution form the basis of, or may be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever.
