The Share Capital Increase of € 12,234,456.50 was completed. Assets under management more than doubled
ALPHA TRUST-ANDROMEDA Investment Trust S.A the only closed-end fund listed on the Athens Stock Exchange, announces the successful completion of the Share Capital Increase, and would like to express its warmest thanks to its existing and new shareholders for their trust.
More specifically, the Share Capital Increase with cash payment and preemptive right in favor of existing shareholders which was implemented from 22.07.2022 to 04.08.2022, was completed by 80.18% by raising funds of € 12,234,456.50, with the issuance of 1,929,725 new, common, intangible, registered voting shares.
The Company's share capital amounts to € 12,149,049.69, corresponding to 3,543,269 shares with a nominal value of € 3.4375 each.
‘’The successful completion of the Company's Share Capital Increase, during a period of great challenges and global financial uncertainty, is undoubtedly a significant achievement’’, said Mr. Vassilis Kletsas, ALPHA TRUST ANDROMEDA‘s CEO. ‘’The keen interest of institutional and private investors is a recognition of the Company’s qualitative asset management since its inception, but also a vote of confidence in the Closed-end Funds sector that we hope to expand further in our country in the future. The new funds will allow us to implement our strategic plan and take advantage of the future investment opportunities, for the benefit of our shareholders".
The new shares will be assigned to the beneficiaries in an intangible form by credit to their SAT investment accounts. The exact date of the crediting of the new shares to the accounts of the beneficiaries and the start of their trading on the Athens Stock Exchange will be announced soon.
Kifissia, August 5 2022