Further to the previous announcement made on 07.12.2023, the Hellenic Republic Asset Development Fund S.A. (“HRADF”) announces that HRADF and Paneuropean Oil and Industrial Holdings S.A. (“POIH” and together with HRADF, the “Selling Shareholders”) have agreed to sell in total 33,619,870 existing ordinary shares (the “Shares”) in HELLENiQ Energy Holdings S.A. (“HELLENiQ” or the “Company”), equivalent to 11.0% of the existing ordinary share capital in HELLENiQ at a price of EUR 7.00 per Share, pursuant to an accelerated bookbuilt offering not requiring publication of a prospectus (the “Transaction”). HRADF will sell 13,128,317 Shares in the Transaction and will, following completion of the Transaction, hold 31.2% of HELLENiQ’s issued share capital; and POIH will sell 20,491,553 Shares in the Transaction and will, following completion of the Transaction, hold 40.4% of HELLENiQ’s issued share capital.
For more information, please refer to the attached document