EUROCONSULTANTS S.A. - ΕΧ RIGHTS ISSUE - PRICE FLUCTUAT. LIMITS OF 03 - 02 - 2022
As of February 4, 2022, the shares of the company "EUROCONSULTANTS S.A." (GRS439003005) are traded on the ATHEX ex-rights in terms of 1 new (CR) share for every 3 old (CR) shares held - with issue of 3,708,370 new CR shares - at an issue price of €0.42 per share. The rights' trading period is set from February 9, 2022, to February 17, 2022 (included). The rights' subscription period is set from February 9, 2022, to February 22, 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 February 4, 2022, are set as follows: +30% the closing share price of the ATHEX last trading session (3/2/2022): €0.6350 and -30% at the adjusted start share price: €0.5800.
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:
Adjusted share price: €0.5800
Closing share price of the ATHEX last trading session (03/02/2022): €0.6350
Maximum Trading limit +30%: €0.8250
Minimum Trading limit -30% : €0.4060
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 adjusted share price, the maximum and minimum trading limits are formed as follows:
Start share price: €0.5800
Ceiling +42.25%: €0.8250
Floor -30%: €0.4060