Publication of Prospectus
Brussels, Belgium, 29 November 2016
Cenergy Holdings SA, a Belgian public limited liability company, today announces that the prospectus relating to the admission to listing and trading of all its shares on Euronext Brussels and the Athens Stock Exchange in the context of the cross-border merger by absorption by Cenergy Holdings SA of the Greek listed companies, Corinth Pipeworks Holdings S.A. and Hellenic Cables S.A. Holdings Société Anonyme, has been published.
This prospectus was approved on the date hereof by the Belgian Financial Services and Markets Authority, the FSMA. It has been notified by the FSMA to the Hellenic Capital Market Commission in accordance with the European prospectus directive (Directive 2003/71/EC).
Listing of the initial shares of Cenergy Holdings SA is expected to take place on Euronext Brussels on or around 1 December 2016 and on the Athens Stock Exchange on or around 7 December 2016, with immediate suspension of trading until the effective trading of the shares issued in the context of the cross-border merger. The effective trading of such shares is expected to occur on Euronext Brussels and the Athens Stock Exchange on or around 21 December 2016.
Cenergy Holdings SA (Cenergy Holdings) is currently engaged in a cross-border merger with two Greek listed companies, Corinth Pipeworks Holdings S.A. (Corinth Pipeworks) and Hellenic Cables S.A. Holdings Société Anonyme (Hellenic Cables).
Upon completion of such cross-border merger, Cenergy Holdings portfolio will include companies active in the fields of steel pipes and cables production, distribution and trade. Corinth Pipeworks represents the steel pipes segment and is a supplier of choice for oil and gas companies and international construction companies. Hellenic Cables represents the cables segment and is one of the largest cable producers in Europe.
The cross-border merger will enable Corinth Pipeworks and Hellenic Cables to group their financial leverage and business outreach, and thus to provide to the underlying industrial companies in Greece and abroad solid sponsorship and reliable reference when bidding for demanding international projects or seeking access to restricted international financing. As a listed company, both in Brussels and Athens, Cenergy Holdings will present the international investor community with an opportunity to invest in a promising business sector under conditions of increased visibility and scrutiny. The ability of the company to access the international financial markets will help consolidate the underlying industrial Greek companies’ achievements and secure long-term employment for their highly qualified workforce. It will also help enhance their competitiveness and confirm their development and investment prospects.
Completion of the cross-border merger is subject to the approval of the shareholders’ meetings of all three merging companies which are scheduled to take place on 7 December 2016 for Cenergy Holdings, and on 8 December 2016 for Corinth Pipeworks and Hellenic Cables. The cross-border merger is expected to become effective on or about 14 December 2016.
To view the prospectus relating to the listing of the shares of Cenergy Holdings on Euronext Brussels and the Athens Stock Exchange, please go to Cenergy Holdings’ website at www.cenergyholdings.com.
The prospectus is available in English, with a translation of the summary in French and Dutch. For the purpose of its passporting to Greece pursuant to articles 17 and 18 of Greek law 3401/2005, the Prospectus will be also available in its entirety in Greek. The prospectus will be made available to investors at no cost at the Cenergy Holdings’ registered seat.
This announcement is not an offer to sell, or a solicitation of an offer to acquire any securities. This announcement is not an advertisement and not a prospectus and investors should not purchase any securities referred to in this announcement except on the basis of information in the prospectus published by Cenergy Holdings SA in connection with the admission to trading and listing of all its shares on Euronext Brussels and the Athens Stock Exchange in the context of the cross-border merger by absorption by Cenergy Holdings SA of Corinth Pipeworks Holdings S.A. and Hellenic Cables S.A. Holdings Société Anonyme.