{"id":16631,"date":"2022-12-11T18:32:43","date_gmt":"2022-12-11T15:32:43","guid":{"rendered":"https:\/\/tmede.gr\/english\/?p=16631"},"modified":"2024-10-18T17:53:02","modified_gmt":"2024-10-18T14:53:02","slug":"16631","status":"publish","type":"post","link":"https:\/\/tmede.gr\/english\/2022\/12\/11\/16631\/","title":{"rendered":"Update on the Share Capital Increase by the Board of Directors"},"content":{"rendered":"

Update on the Share Capital Increase by the Board of Directors<\/h3><\/h1><\/div>
<\/div>
<\/div>
<\/div>

Attica Bank Societe Anonyme (hereinafter the “Bank”) announces that on December 9, 2022, its Board of Directors decided on a capital increase of \u20ac490 million in order to proceed immediately with the actions of its operational and business transformation.
\nThe purpose of the Bank’s capital reinforcement is a) to meet the requirements of the regulatory capital in order to restore the required regulatory ratios that will allow the further development of the Bank’s operations based on its Business Plan, b) the effective management of NPEs, and c) the restructuring and development of the Bank through the implementation of the approved Business Plan 2022 – 2025.
\nMore specifically, the Board of Directors, during today’s meeting, decided to convene an Extraordinary General Meeting in order to approve the increase of the Bank’s share capital for an amount of up to \u20ac473.3 million through a public offering with preemptive rights in favor of the Bank’s existing shareholders.
\nFurthermore, the Board of Directors decided to request from the General Meeting to grant it the authorization to issue warrants of the Bank and to allocate them by the Board of Directors, with or without preemptive rights of the existing shareholders of the Bank, a procedure that will allow the coverage of the total amount of the capital increase of \u20ac 490 million in alignment with the share structure that has already been announced.
\nThe Bank will promptly inform investors with a new announcement about the progress of the said procedure.<\/p>\n

ATTICA BANK S.A.<\/p>\n<\/div>

<\/div><\/div><\/div>
\n\t\t
\n\t\t

Recent Posts<\/h4><\/div>\n\t\t