Further to the announcement made on April 26, 2021, Viohalco S.A. (“Viohalco”) has completed the placement of 25,000,000 shares (the “Placing Shares”) at a price of EUR 2.00 per Placing Share in ElvalHalcor S.A. (the “Company”), to institutional investors by way of an accelerated bookbuilding process (the “Transaction”). Viohalco’s gross proceeds from the Transaction amount to EUR 50,000,000. The Placing Shares represent 6.66% of the Company’s total share capital.

Immediately following settlement of the Transaction, Viohalco will hold 318,111,475 shares in the Company, representing 84.78% of the Company’s total share capital. The trade date for the Transaction is April 27, 2021 and settlement is expected to occur on April 29, 2021.

AXIA Ventures Group Ltd. and EUROXX Securities SA acted as managers (the “Managers”) in connection with the Transaction.

Viohalco has agreed to a 60-day lock-up period (commencing from 26 April 2021) with respect to any remaining shares of the Company it will hold following the Transaction and that, subject to customary exceptions, no additional sales of shares of the Company will be made by Viohalco during the lock-up period without the consent of the Managers.

About Viohalco
Viohalco is the Belgium based holding company of a number of leading metal processing companies in Europe.

It is listed on Euronext Brussels (VIO) and the Athens Stock Exchange (BIO). Viohalco’s subsidiaries specialise in the manufacture of aluminium, copper, cables, steel and steel pipes products, and are committed to the sustainable development of quality, innovative and value-added products and solutions for a dynamic global client base. With production facilities in Greece, Bulgaria, Romania, Russia, North Macedonia, Turkey, the Netherlands and the United Kingdom, Viohalco companies collectively generate annual revenue of EUR 3.85 billion. Viohalco’s portfolio includes a dedicated technology and R&D segment. In addition, Viohalco and its companies own real estate investment properties, mainly in Greece, which generate additional income through their commercial development.