ATHENS, Greece & LONDON, UK - METLEN Energy & Metals SA (ATHX:MYTIL), a prominent player in the industrial and energy sectors, has initiated the process for a primary listing on the London Stock Exchange (LON:LSEG). The company, formerly known as MYTILINEOS, has submitted a draft listing prospectus to the UK's Financial Conduct Authority (FCA) for review. This move is part of METLEN's strategic expansion and aims to establish METLEN Energy & Metals Limited as the parent company of the METLEN group.
The strategic decision for a London listing follows a comprehensive review that began in April and is part of the company's efforts to diversify its geographical presence and provide its shareholders with enhanced liquidity. The company will maintain its secondary listing on the Athens Stock Exchange.
Evangelos Mytilineos, Chairman of METLEN Energy & Metals, expressed his satisfaction with the initiation of the listing process in London, underscoring the group's longstanding involvement in UK and international markets. He noted that the London Stock Exchange listing is aligned with the best interests of METLEN and its shareholders.
METLEN's announcement includes forward-looking statements that are subject to risks, uncertainties, and other factors beyond the company's control, which could cause actual results to differ significantly from those projected. Further updates on the progress of the listing will be announced as they become available.
This news article is based on a press release statement from METLEN Energy & Metals SA.
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