The Athens Stock Exchange is set to be upgraded to a developed market, attracting substantial capital inflows from the U.S., Europe, and Greece, driven by geopolitical developments, as stated by Metlen Chairman and CEO Evangelos Mytilineos during the company’s recent shareholder meeting.
Mytilineos emphasized that the reason for the company’s listing on the London Stock Exchange is the influence of these market movements rather than the share price itself.
Prime Minister Mitsotakis to Visit Metlen’s Facilities in Volos Next Thursday
At the meeting, Mytilineos announced that Prime Minister Kyriakos Mitsotakis will visit the company’s Volos facilities next Thursday, where a defense hub is being established through both existing and new investments.
He interpreted this visit as a clear indication of the government’s commitment to bolster the defense industry.
Metlen’s headquarters will remain in Greece, with METKA’s potential stock exchange listing under consideration.
Mytilineos also noted that:
The headquarters will stay in Greece, and the tax situation for shareholders will remain unchanged despite the London listing.
A listing for METKA on the stock exchange is currently being evaluated.
Furthermore, the investment in gallium production in Agios Nikolaos, Boeotia, is on track.
There are currently no plans for a share capital increase as the company’s liquidity is deemed adequate; however, if a significant acquisition occurs, the issue will be discussed with shareholders. Additionally, a share split is not being contemplated.
