INTRALOT S.A. - ΕΧ RIGHTS ISSUE - PRICE FLUCTUAT. LIMITS OF 01 - 07 - 2022
As of July 1, 2022, the shares of the company "INTRALOT S.A." (GRS343313003) are traded on the ATHEX ex-rights in terms of 1.4999665907674 new (CR) shares for every 1 old (CR) share held - with issue of 222,800,215 new CR shares - at an issue price of €0.58 per share. The rights' trading period is set from July 6, 2022, to July 18, 2022 (included). The rights' subscription period is set from July 6, 2022, to July 21, 2022 (included).
It is clarified, according to article 2.6.3. of the ATHEX Rulebook and to decisions No 22 & 26 of the ATHEX BoD, as in effect, that the fluctuation price limits of the share price only for the trading session on July 1, 2022, are set as follows: +20% at the theoretical adjusted share price: €0.5650 and -20% at the closing share price of the ATHEX last trading session (30/06/2022): €0.5450.
For convenience, the formula for the calculation of the adjusted start share price is given below, which results from Decision 26 of the ATHEX BoD and is applicable to every Share Capital Increase with a rights' issue, in favour of the old shareholders of the company:
Hence, the following can be deduced from the above:
Theoretical adjusted share price: €0.5650
Closing share price of the ATHEX last trading session (30/06/2022): €0.5450
Maximum Trading limit +20% : €0.6750
Minimum Trading limit -20% : €0.4360
According to the above, and taking into consideration that in the system ΟΑΣΗΣ (the Advanced Electronic & Automated System for Securities Trading of ATHEX) the start share price - in this case - is the closing share price, the maximum and minimum trading limits are formed as follows:
Start share price: €0.5450
Ceiling +23.86% : €0.6750
Floor -20% : €0.4360