The Athens Stock Exchange will soon be upgraded to a developed market, with significant capital inflows from America, Europe and Greece, in connection with geopolitical developments, of course, said Metlen Chairman and CEO Evangelos Mytilineos at the company’s general meeting of shareholders.
Mytilineos stressed that the reason why the company was listed on the London Stock Exchange is the impact that these movements have on the markets and not the share price.
Mitsotakis at Metlen’s facilities in Volos, on Thursday
The head of Metlen announced that next Thursday, Prime Minister Kyriakos Mitsotakis will visit the company’s facilities in Volos, where a defense hub is being created with existing and new investments.
He added that he perceives this visit as the government’s intention to strengthen the defense industry.
Metlen’s headquarters will remain in Greece – METKA’s listing on the Stock Exchange under consideration
Mytilineos also stated that:
The company’s headquarters will remain in Greece. Also, the taxation for shareholders does not change due to the listing in London.
METKA’s listing on the Stock Exchange is being considered.
The investment for gallium production in Agios Nikolaos, Boeotia, is proceeding according to schedule.
There is no share capital increase in the program, as the company’s liquidity is considered sufficient, however, if a large acquisition is made, “then we will discuss the issue with the shareholders”. Also, a share split is not being considered.
