RCS - Mytilineos - Strategic Review Announcement

Mytilineos SAAnnouncement

25/04/2024 07:15

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RNS Number : 0044M  Mytilineos  25 April 2024

Press Release

 

 Strategic Review Announcement

 

 

Athens, Greece - April 25, 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

Having consistently outperformed its targets and strategic goals, MYTILINEOS
Energy & Metals ("MYTILINEOS") has initiated a review and evaluation of
its strategic options, in consultation with its financial, legal and tax
advisors, with a view to continuing to deliver growth and value creation for
shareholders.

 

As part of this comprehensive strategic review, MYTILINEOS will assess various
organic and inorganic growth opportunities, its capital allocation model,
optimal balance sheet structure and appropriate listing structure.

 

MYTILINEOS is committed to international growth, capitalizing on its
established geographically diverse footprint, always building on its Greek
heritage, ingenuity, and entrepreneurial spirit, within a robust governance
environment.

 

In this context, MYTILINEOS is considering a potential listing on an
international exchange, including the London Stock Exchange, within the next
12-18 months, taking into consideration its increasingly diversified
geographical presence and aiming to offer enhanced liquidity to its investors.
Regardless of the outcome of this strategic review, MYTILINEOS remains
committed to its contribution to the Greek economy and society, with robust
operations and tax revenue generation in Greece and an expectation to retain a
listing on the Athens Exchange, where MYTILINEOS has been listed since 1995.

 

MYTILINEOS has achieved a significant transformation over the past years,
showcased through revenue and profitability growing by close to 4 times in the
5 years leading up to 2023. MYTILINEOS aims to further strengthen its broad
international reach as well as its strong domestic position. The strategic
review is intended to ensure that MYTILINEOS maintains its growth trajectory
and remains fully aligned, across all business segments, to its long-term
strategic vision, while maximising value delivered to shareholders.

 

Citigroup Global Markets Europe AG and Morgan Stanley & Co. International
plc are acting as financial advisors to MYTILINEOS in its strategic review.

 

Clifford Chance LLP is acting as international legal advisor.

 

Zepos & Yannopoulos is acting as legal advisor in relation to Greek Law.

 

EY is acting as international tax advisor.

 

 

For further information please contact:

 

Ms. Antigoni Fakou: MYTILINEOS Press Office, Tel. +30210-6877346 | Fax
+30210-6877400 | E-

mail: Antigoni (mailto:Antigoni.fakou@mytilineos.gr) .
(mailto:Antigoni.fakou@mytilineos.gr) fakou
(mailto:Antigoni.fakou@mytilineos.gr) @ (mailto:Antigoni.fakou@mytilineos.gr)
mytilineos (mailto:Antigoni.fakou@mytilineos.gr) .
(mailto:Antigoni.fakou@mytilineos.gr) gr (mailto:Antigoni.fakou@mytilineos.gr)

 

 

MYTILINEOS:

ΜYTILINEOS 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. MYTILINEOS 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, MYTILINEOS 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.mytilineos.gr
(http://www.mytilineos.gr) | Facebook (https://www.facebook.com/MytilineosSA/)
| Twitter (https://twitter.com/MytilineosSA) | YouTube
(https://www.youtube.com/user/MytilineosGroup) | LinkedIn
(https://www.linkedin.com/company/6646293/)

 

 

If you no longer wish to receive Press Releases and Updates from MYTILINEOS,
click here.

 

Disclaimer: Citigroup Global Markets Europe AG ("Citi"), which is regulated by
the European Central Bank and the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin), and
Morgan Stanley & Co. International plc, which is authorised by the
Prudential Regulation Authority ("PRA") and regulated by the PRA and the
Financial Conduct Authority ("FCA"), are acting as financial advisers to
MYTILINEOS S.A. and no one else in connection with the transaction and the
matters described herein, and shall not be responsible to anyone other than
MYTILINEOS S.A. for providing the protections afforded to clients of Citi or
Morgan Stanley, respectively, or for providing advice in connection with any
matter referred to herein. Neither Citi nor Morgan Stanley, nor any of their
respectives subsidiaries, branches or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Citi or Morgan Stanley, as applicable, in connection with any matter
referred to herein.

 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OR
SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES ISSUED BY MYTILINEOS NOR SHALL
IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY
CONTRACT OR COMMITMENT TO PURCHASE SECURITIES ISSUED BY MYTILINEOS

 

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