AUSTRIACARD HOLDINGS AG Conducts Share Offering

AUSTRIACARD HOLDINGS AG announced an Accelerated Bookbuilt Offering (ABO) of approximately 5.47 million shares, as disclosed on April 30, 2024. This transaction represents about 15.05% of the company's total share capital. Notably, major shareholder Nikolaos Lykos offered up to 2.2 million shares, comprising around 6.05% of the shares. The offering, managed by Euroxx Securities S.A., was priced between EUR 6.00 and EUR 6.10 per share. This price range signifies a 7.6% to 9.1% discount from the closing price on the Athens Exchange on the prior day, April 29, where shares closed at EUR 6.60.

The shares were successfully traded through the stock exchange on the same day of the announcement. Nikolaos Lykos has committed to a lock-up period of 180 days following the offering. This strategic financial move by AUSTRIACARD HOLDINGS AG and its shareholders indicates a restructuring of shareholding composition, potentially aiming to invite more investors and improve liquidity.