ALUMIL administration announces that on Wednesday 31st January, the Romanian authorities, proceeded to the ALUMIL ROM IPO''s final settlement in the Bucharest Stock Exchange, BSE, according to the initially published results.
We remind that ROM offered shares worth RON 28.75 m. or Euro 8.4 m. approximately in total. An oversubscription rate of 16.47 times was realized, surpassing any other previously run IPO in the BSE. A total of 102,927,800 shares were subscribed, worth RON 473.47 m. or Euro 139.25 m. approximately.
The procedures for ALUMIL ROM shares trading follow accordingly.
Group profile is significantly improved: Net equity and financial structure are clearly strengthened.
It is noted that the investment in the subsidiary will continue to be recorded in the parent company''s books - according to IFRS 36 & 39 - at cost, as described in the Group''s Accounting Policies and not on current, stock market values.
ALUMIL ROM leading position in Central and Eastern Europe is now even sounder, allowing administration to draw the next targets forward. The following days, Group executives are invited from London ING Bank, in a road show held for the Romanian capital market.
Parent company ALUMIL is the largest aluminium extrusion and profiles production private European extruder (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 25 subsidiaries, 19 of which are spread throughout Europe, Africa and the Middle East, ALUMIL established 13 integrated production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. The Group provides more than 85,000 aluminium profiles tons per year; a significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included seven times in GrowthPlus'' Europe''s 500, ALUMIL''s Group sales reached Euro 190 m in 2005, and EBITDA reached Euro 31.7 m. ALUMIL provides also sound partnerships with top European industrial design centers such as Porsche Design, innovation with a strong customer focus, providing branded metal solutions to an increasingly sophisticated marketplace in 45 markets in Europe, the Balkans, the M. East, Africa and the U.S.A. (Symbols: Athens Stock Exchange: ΑΛΜΥ, Reuters: ALMr.AT, Bloomberg: ALMY GA, Telerate (Bloomberg): GR;ALMY).