Full coverage of the share capital increase in cash for the Helliniko project

Lamda Development announced on Tuesday that the share capital increase in cash and pre-emption right in favor of existing shareholders, which was decided by the Extraordinary General Meeting of the Company’s shareholders held on 10.10.2019, as was further specified by the resolution of the Company’s Board of Directors adopted on 21.11.2019 and took place from 02.12.2019 until 16.12.2019, was successfully completed by raising funds of 650,000,098.00 euros through the exercise of pre-emption rights and over-subscription rights, ANA reports.

The new shares issued as a result of the abovementioned SCI will be allocated to the beneficiaries (investors) in dematerialized form by crediting the DSS Investor Share and Securities Account indicated by the beneficiaries (investors).

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