Trastor AEEAP will increase its capital for retail investors, amounting to 100 to 140 million euros, at the beginning of 2025, in order to improve the dispersion of its participation, as required by the new Stock Exchange regulations.
Today Piraeus Bank holds 98.58% of AEEAP shares and the free float is 1.42%.
According to the general director of Trastor, Tasos Kazinos, a rights issue is planned that will be partially covered by Piraeus Bank and the rest, at least half, will be available mainly to Greek retail investors.
The order of magnitude of this increase will depend on the price at which the new issue occurs.
“Considering that AEEAP shares,” noted Mr. Kazinos speaking during the Prodexpo conference a moment ago, “are currently trading at a discount to their intrinsic value, it can be calculated that to achieve the minimum dispersion requirement of 15 % should only raise between 50 and 70 million euros from retail investors and the same amount from our main shareholder”.
“This share capital increase will further enhance Trastor’s asset growth and establish a solid foundation for expanding dividend income for our current and new shareholders” concluded the head of AEEAP.