REG - Metlen Eng & Metals - Primary listing of METLEN Energy & Metals

Metlen Energy & Metals SAAnnouncement

16/12/2024 11:15

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RNS Number : 2422Q  Metlen Energy & Metals SA  16 December 2024

PRESS RELEASE

 

 Initiation of the process for a primary listing of METLEN Energy & Metals
 on the London Stock Exchange

 

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 (mailto:ir@metlengroup.com)

Press Office

Tel. +30 210-6877346 | E-mail: communications@metlengroup.com
(mailto: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
(http://www.metlengroup.com) | Facebook (https://www.facebook.com/metlengroup)
| Twitter (https://twitter.com/MytilineosSA) | YouTube
(https://www.youtube.com/user/MytilineosGroup) | LinkedIn
(https://www.linkedin.com/company/6646293/)

 

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