April 03, 2023
Cyprus Stock Exchange
Nicosia
ANNOUNCEMENT
Subject: The Board of Directors of Ellinas Finance Public Company Ltd (the «Company») has decided to proceed with the third tranche issue of the Series D Bond and disperse of 278 Bonds of the Company, for the total value of €278,000
The Board of Directors of the Company at its meeting and following the decision of January 18, 2023 decided the following:
1. Issue of the third tranche of the Series D Bond and disperse of 278 non-convertibles, redeemable, non-secured5-year Bonds with total value of €278,000 under the terms and conditions of the relevant Trust Deed (the «Bond»), dated January 13, 2023, aiming to increase the Company's capital.
The Bond has the following characteristics:
- Issue amount of third tranche: €278,000
- Type of Bond: Non-convertible, redeemable
- Annual Interest rate: 5%
- Duration: 5 years
- Number of Bonds: 278
- Nominal value: €1,000 per unit
- Date of issue: March 31, 2023
- Expiry date: January 17, 2028
- Interest Payment: on an annual basis on January 17
The offer of the Bonds was addressed to a limited number of persons (less than 150) thought private placement at the absolute discretion of the Company's Board of Directors.
The total amount of the Series D Bond could reach up to €3,000,000 and it will be issued in tranches on a monthly basis up to March 31, 2023.
Sincerely,
Constantinos Servos,
Compliance Officer
CC.: Cyprus Securities Exchange Commission
ΘΕΟΤΟΚΗ 6, ΜΕΓΑΡΟ ΕΛΛΗΝΑ, 1ΟΣ ΟΡΟΦΟΣ, 1055 ΛΕΥΚΩΣΙΑ