Atenor Secures EUR 45.3 Million Capital Increase to Strengthen Financial Position

Atenor (ATEB) has announced that it has secured commitments from several key reference shareholders for a capital increase totaling EUR 45.3 million. This strategic initiative is designed to reinforce the company’s financial stability, particularly in sales and (re)financing operations.

Strengthening Financial Stability The capital increase aims to provide Atenor with additional liquidity, enhancing its ability to execute ongoing projects and strengthen its balance sheet. As part of this initiative, new shares will be issued at a price of EUR 2.62 per share. This represents a discount of approximately 14.75% compared to the average closing price of Atenor’s stock on Euronext Brussels between February 3 and February 28, 2025, which stood at EUR 3.073.

• Liquidity Enhancement: Strengthening the company’s cash reserves to support project execution.
• Balance Sheet Optimization: Reducing financial constraints and enhancing operational flexibility.
• Strategic Growth Support: Ensuring adequate funding for long-term expansion plans.

Timeline and Payment Schedule Atenor has confirmed that payment for the newly issued shares is expected to take place around Friday, March 7, 2025. The timely completion of this capital increase will allow the company to efficiently deploy funds toward strategic projects and operational needs.

• Swift Execution: Expediting fund deployment for critical initiatives.
• Investor Confidence: Key shareholder commitments reinforce trust in Atenor’s strategy.
• Operational Efficiency: Ensuring financial readiness for future market opportunities.

Market Implications The discounted share issuance price may attract both existing and new investors looking for an opportunity to participate in Atenor’s growth at a favorable valuation. Additionally, the commitment from key shareholders highlights strong confidence in the company’s future prospects and strategic direction.

• Investor Attraction: Competitive pricing enhances market interest.
• Financial Flexibility: Strengthening position amid evolving economic conditions.
• Industry Outlook: Reflecting broader trends in real estate financing and development.

Looking Ahead Atenor’s capital increase comes at a time when real estate and development companies are prioritizing financial flexibility to navigate changing economic landscapes. This strategic move reinforces Atenor’s commitment to long-term growth and stability, ensuring continued progress in its development initiatives.

For more updates on Atenor and its market activities, follow the latest developments on Euronext Brussels and company press releases.