R Energy1 Holdings’ founder and majority shareholder George M. Rokas buys back LAMDA Developments’ 20% stake in the company, supporting its significant value upside and further growth potential
Athens, December 19, 2023 – R Energy1 Holdings S.A. (“the Company”), today announced that G. Rokas Holdings S.M.S.A.—a company 100% owned by George M. Rokas, has concluded the Share Purchase Agreement with LAMDA ENERGY INVESTMENTS S.M.S.A.– a 100% subsidiary of LAMDA DEVELOPMENT S.A, (“LAMDA”), regarding the acquisition of:
• 20% of the Company’s share capital, as well as
• an Euro 10-million convertible bond loan,
for a total cash consideration of Euro 21.6 million.
G. Rokas Holdings S.M.S.A has initiated the process of converting the above-mentioned Euro 10.0 million convertible bond loan into shares, thus raising— upon conversion process completion, its total interest in R Energy1 Holdings S.A. to over 70%.
“Buying back LAMDA’s stake is yet another powerful ‘vote of confidence’ signal in R Energy1 Holdings’ business plan implementation focus and further growth potential.” stated Mr. George M. Rokas, R Energy1 Holdings’ Chairman and CEO. “We are moving ahead, building on solid foundations, dedicated to place R Energy1 Holdings in a leading position in the Greek RES industry and ensure continuous profitable and sustainable growth. The entrance of LAMDA into the share capital of R Energy1 Holdings has been a milestone towards this journey. We thank them for the trust they have placed in our company.”
IR Contact
Rania Bilalaki
Investor Relations Director
ir@r-energy.gr
+30 2108081241 Ext. 121
www.r-energy.gr
