ELASTRON S.A.
KALPINIS-SIMOS private placement completed today to europeian institutional investors
On Monday, October 22nd the private placement of A. KALPINIS - N. SIMOS S.A. shares was completed by the company's majority shareholders to several European institutional investors.
In specific, a total of 10.18% of the company's outstanding shares that is 3,800,000 shares was transferred via private placement. The sale was completed via book building to several European institutional investors, and SAL OPPENHEIM BANK was the lead consultant along with MERIT SECURITIES S.A., through which the shares were acquired. The sale price was set at 3.36 euros per share.
As a result approximately 17.00% of A. KALPINIS - N. SIMOS S.A. outstanding shares is held by institutional investors.
This successful placement is the result of the management's efforts in cooperation with MERIT SECURITIES S.A. and follows the participation of A. KALPINIS- N. SIMOS S.A. at the SAL OPPENHEIM BANK road show in several European cities during the week from 15 to 19 October, 2007.
In specific, a total of 10.18% of the company's outstanding shares that is 3,800,000 shares was transferred via private placement. The sale was completed via book building to several European institutional investors, and SAL OPPENHEIM BANK was the lead consultant along with MERIT SECURITIES S.A., through which the shares were acquired. The sale price was set at 3.36 euros per share.
As a result approximately 17.00% of A. KALPINIS - N. SIMOS S.A. outstanding shares is held by institutional investors.
This successful placement is the result of the management's efforts in cooperation with MERIT SECURITIES S.A. and follows the participation of A. KALPINIS- N. SIMOS S.A. at the SAL OPPENHEIM BANK road show in several European cities during the week from 15 to 19 October, 2007.