DIMAND S.A. Shares Listed on the Main Market of the Athens Stock Exchange

06 July 2022
 
DIMAND S.A. Shares Listed on the Main Market of the Athens Stock Exchange

 

The Athens Stock Exchange welcomed today the management, executives of DIMAND S.A., as well as representatives of the underwriting firms, on the company's shares beginning trading on the Main Market of the Athens Stock Exchange. The CEO of DIMAND S.A., Dimitris Andriopoulos, rang the bell to mark the start of the session.

In his address, the CEO of the Athens Exchange Group, Yianos Kontopoulos, highlighted the successful completion of DIMAND's public offering. "In recent years, as we all know, the Greek economy, and consequently the stock market, have been intensely tested. Today, geopolitical upheavals have led to another difficult environment of international, complex uncertainty. In this context, companies are tested, but they endure and dare. DIMAND dared and succeeded. The total funds raised by the company exceeded 100 million euros, the highest amount since 2007. We congratulate them on this success," said Mr. Kontopoulos, emphasizing, "The prospects of the Greek economy and the domestic capital market look particularly positive today. The Athens Stock Exchange, fulfilling its role as a key lever for the country's economic recovery, supports Greek companies in achieving their goals."

The Chair of the Hellenic Capital Markets Commission, Vassiliki Lazarakou, congratulated Mr. Dimitris Andriopoulos and all representatives of the company and underwriters who worked effectively as a team to achieve today's result. "Today's listing of DIMAND S.A. on the Athens Stock Exchange proves that when there is vision, courage, and methodical work, companies can raise funds from the domestic market," noted Ms. Lazarakou.

"We are very pleased to be here today, on the first day of trading on the Athens Stock Exchange. In such an environment of international uncertainty, I believe the fact that this is the first major listing since 2007 is a testament to DIMAND S.A.'s strong prospects," said the CEO of Alpha Bank, Vassilis Psaltis, adding, "Our relationship with DIMAND is not limited to the role of Issuance Advisor and Lead Underwriter. As the main banking partner, we have organized financing exceeding 250 million euros for landmark urban regeneration and real estate development projects, and we have supported the company's entire development path to this day. From our side, we are committed to supporting more such success stories, which contribute to the deepening of the Greek capital market and set the Greek economy on a path of sustainable growth. Congratulations to everyone for this major undertaking."

 

"The successful public offering of DIMAND marks a milestone for the Athens Stock Exchange and sends a strong positive message about the prospects of the Greek economy," emphasized the CEO of Eurobank, Fokion Karavias, adding, "The oversubscription, especially at the highest price of the range, despite the negative environment in international markets and the global economy, reflects the company's quality and the potential of the residential regeneration sector with developmental and environmental impact. The success vindicates Mr. Dimitris Andriopoulos' courage to proceed under adverse conditions, provides choices to the investment community, and enhances the image of the Greek stock market with the first significant listing in 8 years."

CEO of DIMAND S.A., Dimitris Andriopoulos, after thanking the authorities, the executives of the Athens Stock Exchange and the Capital Markets Commission, the advisors, underwriters, auditors, the company's staff, and everyone involved in the demanding task of the capital increase, stated: "We are proud of our achievements in developing modern bioclimatic buildings over the past 20 years. Now, we are also proud of another achievement—the successful increase of our capital and the listing of DIMAND's shares on the Athens Stock Exchange. This goal was made possible by the new strong shareholders and the broader investment community that trusted us. This development gives us even greater responsibility toward our shareholders and partners, to work harder, innovate, and improve not only the buildings and the environment but also the conditions for those who live and work in them. Together, we will continue to build the cities we want to live in."

 



 

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