P.G. NIKAS S.A. - ΕΧ RIGHTS ISSUE - PRICE FLUCTUATION LIMITS OF 24.11.2020
As of November 24, 2020, the shares of the company "P.G. NIKAS S.A." (GRS111003026) are traded on the ATHEX ex-rights in terms of 1 new (CR) share for every 3 old (CR) shares held ?with issue of 13,288,535 new CR shares - at an issue price of €0.75 per share. The rights' trading period is set from November 27, 2020, to December 7, 2020 (included). The rights' subscription period is set from November 27, 2020, to December 10, 2020 (included).
It is clarified, according to article 2.6.3. of the ATHEX Rulebook and to decisions No 22 & 26 of the ATHEX BoD, as in effect, that the fluctuation price limits of the share price only for the trading session on November 24, 2020, are set as follows: +20% at the closing share price of the ATHEX last trading session (23/11/2020): €1.7000 and -20% at the adjusted start share price: €1.4600.
Adjusted share price: €1.4600
Closing share price of the ATHEX last trading session (23/11/2020): €1.7000
Maximum Trading limit +20% : €2.0400
Minimum Trading limit -20% : €1.1700
According to the above, and taking into consideration that in the system ΟΑΣΗΣ (the Advanced Electronic & Automated System for Securities Trading of ATHEX) the start share price - in this case - is the adjusted share price, the maximum and minimum trading limits are formed as follows:
Start share price: €1.4600
Ceiling + 39.73%: €2.0400
Floor -20.00%: €1.1700