Intralot announced to the investing public the full coverage of its Share Capital Increase, with a right of preference in favor of existing shareholders, with a total of 129.2 million euros raised
The increase of the share capital by payment of cash and m which was decided by the Board of Directors of the Company during its meeting on 21.06.2022, by virtue of the authority granted to it by the decision of the Extraordinary General Meeting of the Company’s shareholders dated 23.05.2022 and completed successfully, with the issuance of 222,800,215 new, common, intangible, registered, voting shares, with a nominal value of €0.30 each.
In particular, the Increase was covered by the beneficiaries of pre-emptive and pre-registration rights, as follows:
• 37.82% of the Increase was covered through subscriptions by those exercising the right of preference, with the payment of a total amount of €48,877,742.02 corresponding to 84,271,969 New Shares.
• 54.84% of the Increase was covered through the distribution of New Shares in “CQ Holding Company, INC.” which “Standard General LP” controls with the payment of a total amount of €70,866,047.20 which corresponds to 122,182,840 New Shares.
• 7.34% of the Increase was covered through the exercise of the pre-subscription right, with the payment of a total amount of €9,480,335.48 corresponding to 16,345,406 New Shares.
Given that the number of New Shares for which a registration application was submitted by those exercising the pre-registration right exceeded the number of New Shares that remained unallocated following the satisfaction of the exercised pre-emptive rights and the allocation to Standard General, the above 16,345,406 New Shares were allocated to the exercisers the pre-registration right investors in proportion to the number of New Shares for which they exercised the pre-registration right.
As a result, there were no unallocated New Shares left for disposal by the Board of Directors. As a result of the above and the decision of the Board of Directors of the Company dated 25.07.2022, which established, in accordance with the provisions of article 20 of Law 4548/2018, the certification of the timely and full payment of the total amount of the Increase, the final percentage coverage of the Increase amounts to 100.00% and the amount of funds raised to €129,224,124.70. Following the above, the Company’s share capital was increased by sixty-six million eight hundred forty thousand sixty-four Euros and fifty cents (€66,840,064.50) with the issuance of 222,800,215 new, common, intangible, registered, voting shares, registered worth €0.30 each, while the difference between the nominal value of the New Shares and their sale price, totaling sixty two million three hundred eighty four thousand sixty Euros and twenty cents (€62,384,060.20) will be credited to “Difference from issue of premium shares” account. 2 Therefore, today the Company’s share capital amounts to one hundred and eleven million four hundred and one thousand one hundred euros (€111,401,100), divided into three hundred and seventy one million three hundred and thirty seven thousand (371,337,000) registered shares, with a nominal value of thirty cents of the euro (€0.30) each. The New Shares will be assigned to the beneficiaries in intangible form by crediting their securities accounts at S.A.T. The exact date of crediting of the New Shares to the securities accounts of the beneficiaries and the date of the start of their trading on the Athens Stock Exchange will be announced with a newer announcement from the Company.
The President and CEO of Intralot Mr. Socrates Kokkalis said: “The full coverage of the Equity Capital Raise is an important milestone in our strategic plan to create value for all parties involved and strengthen our presence in developed markets. I welcome the entry of Standard General as a new strategic investor supporting the vision us as well as the participating shareholders for their support and all the company’s executives for their dedication and efforts towards this end.” Standard General Managing Partner Mr. Soo Kim said: “Intralot has developed proven technology solutions and has become a leader in Lottery and gaming technologies worldwide, with a strong presence in North America for the past 20 years. Our goal is to help the company accelerate its technology investments and innovation and respond to the rich opportunities in a rapidly changing business environment.”
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