{"id":973,"date":"2021-12-08T12:47:32","date_gmt":"2021-12-08T09:47:32","guid":{"rendered":"http:\/\/tmede.gr\/english\/?p=973"},"modified":"2021-12-08T12:47:32","modified_gmt":"2021-12-08T09:47:32","slug":"information-on-business-developments-and-changes-in-the-procedure-of-capital-increase-extension-of-period-of-exercise-of-preferred-rights-right-of-withdrawal","status":"publish","type":"post","link":"https:\/\/tmede.gr\/english\/2021\/12\/08\/information-on-business-developments-and-changes-in-the-procedure-of-capital-increase-extension-of-period-of-exercise-of-preferred-rights-right-of-withdrawal\/","title":{"rendered":"Information on Business Developments and Changes in the Procedure of Capital Increase – Extension of Period of Exercise of Preferred Rights & Right of Withdrawal"},"content":{"rendered":"

Information on Business Developments and Changes in the Procedure of Capital Increase – Extension of Period of Exercise of Preferred Rights & Right of Withdrawal<\/h3><\/h1><\/div>
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Attica Bank S.A. (the \u201cBank\u201d), following the announcements of 18.11.2021 informs investors about the following:<\/p>\n

\u0391<\/strong>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>According to the resolutions of the Board of Directors of 05.11.2021, pursuant to the terms of article 24 par. 1 (b) of Law 4548\/2018, with the power granted to the Board of Directors by the General Meeting of the shareholders of the Bank with its resolutions of 07.07.2021 and 15.09.2021, it was decided, among others, the share capital increase, up to the amount of \u20ac240,000,000, by means of issuance 1,200,000,000 new, common, intangible, bearing voting rights of a nominal value of 0.20 euro each (the \u201cNew Shares\u201d), through cash payment and preemptive rights in favor of the existing shareholders of the Bank (the \u201cIncrease\u201d) with a ratio of 49.5265161872259 new shares for each one existing share of the Bank.<\/p>\n

As of 18.11.2021, the Bank placed at the disposal of investors the approved, from the HCMC on 18.11.2021, Prospectus (the \u201cProspectus\u201d) concerning the public offer in Greece and the listing for trading in the Main Market of the Regulated Securities Market of the Athens Stock Exchange ( the \u201cAthex\u201d) of the New Shares.<\/p>\n

\u0392.<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Bank received on 08.12.2021 written commitment from the Hellenic Financial Stability Fund (the \u201cFund\u201d), in its capacity as a Major Shareholder with a participation of 68.24% in the share capital of the Bank, that there was a successful completion of the exclusive negotiations of the Fund with the private investors TMEDE and Ellington, regarding their participation in the Increase and its further capital reinforcement. In this context the Fund decided to participate in the Increase by exercising 15,220,674 pre-emptive rights for the acquisition of New Shares from the total of 16,533,102 that holds in the Bank.<\/p>\n

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  1. The Board of Directors of the Bank evaluates this information in order to decide on the next steps, which include the proper information of the investors about the information that is brought to its attention.<\/li>\n<\/ol>\n

    It is noted that the distribution of any unallocated New Shares (following any non-exercise of all pre-emptive rights) is made by decision and at the discretion of the Board of Directors of the Bank, while interested investors may express interest in acquiring them.<\/p>\n

    D<\/strong>. In the context of the stock market legislation and with the view solely to the interest of the investors, the security of the transactions and the interest of the Bank as an issuer, the Board of Directors decided as immediate procedures:(a) the extension of the period for exercising the pre-emptive rights on the New Shares until 17.12.2021 (last day of exercise);(b) the provision to investors who have already exercised their pre-emptive rights, of the right of free withdrawal from their subscription for New Shares (the “Right of Withdrawal”) which may be exercised until the end of the pre-emptive exercise period, i.e. until 17.12.2021.<\/p>\n

    Based on the aforementioned, the revised (new) timetable of the lasting actions of the Share Capital Increase is as follows:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
    09.12.2021<\/td>\nCommencement of Withdrawal Period<\/td>\n<\/tr>\n
    17.12.2021<\/td>\nLast day of exercising of pre-emptive rights<\/td>\n<\/tr>\n
    17.12.2021<\/td>\nLast day of Withdrawal Period<\/td>\n<\/tr>\n
    20.12.2021<\/td>\nAllocation and disposal of any unsubscribed New Ordinary Shares<\/td>\n<\/tr>\n
    21.12.2021<\/td>\nCertification of payment of the Share Capital Increase<\/td>\n<\/tr>\n
    21.12.2021<\/td>\nAnnouncement on the subscription of the Share Capital Increase<\/td>\n<\/tr>\n
    22.12.2021<\/td>\nATHEX approval for the admission to trading of the New Ordinary Shares*<\/td>\n<\/tr>\n
    22.12.2021<\/td>\nAnnouncement on the date of admission to trading of the New Ordinary Shares<\/td>\n<\/tr>\n
    23.12.2021<\/td>\nCommencement of trading of New Ordinary Shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    *Subject to the meeting of the competent committee of ATHEX on that date.<\/em><\/p>\n

    It is noted that the abovementioned schedule depends on uncertain issues and is subject to alterations.<\/p>\n

    The Board of Directors of the Bank will inform investors for any further development.<\/p>\n

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

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