PRESS
RELEASE
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Initiation of the process for
a primary listing of METLEN Energy & Metals on the London Stock
Exchange
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Athens, Greece & London, UK - 16
December 2024 - METLEN Energy &
Metals SA ("METLEN") (ATHX: MYTIL) (formerly MYTILINEOS),
a leading global industrial and energy group,
announces that a draft listing prospectus in connection with the
listing of the shares of a newly UK established company, METLEN
Energy & Metals Limited ("METLEN Limited"), has been filed with
the UK's Financial Conduct Authority (FCA) for their review. It is
intended that METLEN Limited would become the ultimate parent
company of the METLEN group, in line with similar precedents in the
Greek market. This is the first step in the regulatory process
required for a potential listing on the London Stock Exchange in
2025.
The filing with the FCA follows the
conclusion of a strategic review by METLEN, announced in April of
this year, which considered a potential listing on an international
exchange, including the London Stock Exchange, within the following
12-18 months.
A primary listing in London, whilst
retaining a secondary listing on the Athens Stock Exchange,
reflects the increasingly diversified geographical presence of the
METLEN group and its strategy to continue to deliver growth and
value creation while seeking to offer enhanced liquidity to its
shareholders.
Evangelos Mytilineos, Chairman of METLEN Energy & Metals
said, "I am delighted we have
concluded our internal extensive strategic review and that the
listing process in London has officially started. METLEN group has
had a presence in the UK and international markets for many years.
We believe that the listing on the London Stock Exchange will be in
the best interests of both METLEN and its shareholders."
Further updates on progress will be
provided in due course.
Forward Looking Statements
Certain statements in this
announcement are forward-looking. By their nature, forward looking
statements involve risks, uncertainties, assumptions and other
factors that are outside the control of METLEN and could cause
actual results or events to differ materially from those expressed
or implied by the forward-looking statement.
For further information
please contact:
Investors Relations
Tel. +30 210-6877300 |
E-mail: ir@metlengroup.com
Press Office
Tel. +30 210-6877346 |
E-mail: communications@metlengroup.com
METLEN:
METLEN Energy & Metals -
evolution of MYTILINEOS Energy & Metals - is a multinational
industrial and energy company, a leader in the metallurgy and
energy industries, focused on sustainability and circular economy.
The Company is listed on the Athens Stock Exchange, with a
consolidated turnover and EBITDA of €5.492 billion and €1.014
billion, respectively. METLEN is a reference point for competitive
green metallurgy at the European and global level, whilst operating
the only vertically integrated bauxite, alumina and primary
aluminum production unit in the European Union (E.U.) with
privately owned port facilities. In the energy sector, METLEN
offers comprehensive solutions, covering thermal and renewable
energy projects, electricity distribution and trading, alongside
investments in grid infrastructure, battery storage, and other
green technologies. The Company is active in the markets of all
five continents, in 40 countries, adopting a full-scale synergetic
model between the Metallurgy and Energy Sectors, while undertaking
end-to-end development of major energy infrastructure
projects.
For more information, please
visit: www.metlengroup.com
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