Attica Bank: AMK approved up to 240 million euros

The increase of the share capital of Attica Bank by an amount of up to 240,000,000 euros, with the issue of up to 1,200,000,000 new, common, intangible, registered voting shares with a nominal value of 0.20 euros each, with cash payment and with the right of preference of the existing shareholders of the bank, approved by the Board of Directors.

According to the relevant announcement, those who have a pre-emptive right to the Increase will be entitled to acquire New Shares with a ratio of 49.5265161872259 New Shares for each old share of the Bank. In case the Increase is not fully covered, the share capital will be increased up to the amount of coverage, according to article 28 of Law 4548/2018.

The announcement of Attica Bank in detail:

Attica Bank Societe Anonyme (hereinafter referred to as “Bank“), following its announcement of 03.11.2021, informs the investing public that the Board of Directors of the Bank at its meeting on 05.11.2021, by virtue of the authorization given to it by its decisions of 07.07.2021 and 15.09.2021 General Meeting of the Bank’s shareholders, approved the following:

(i) The increase of the share capital of the Bank, by up to 240,000,000 Euros (the “Increase”), with the issue of up to 1,200,000,000 new, common, intangible, registered voting shares with a nominal value of 0.20 Euros each ( the “New Shares”), with cash payment and with a pre-emptive right of the existing shareholders of the Bank. Those who have a pre-emptive right to the Increase will be entitled to acquire New Shares with a ratio of 49.5265161872259 New Shares for each old share of the Bank. In case the Increase is not fully covered, the share capital will be increased up to the amount of coverage, according to article 28 of Law 4548/2018.

(ii) The definition of the offering price of the New Shares at 0.20 Euros per New Share (the “Offering Price”).

(iii) Not to issue fractions of the New Shares and the New Shares that will result from the Increase to be entitled to a dividend from the profits of the current year (01.01.2021-31.12.2021) and henceforth, in accordance with the current legislation and its Articles of Association Bank, if the Ordinary General Meeting of the Bank decides on the distribution of a dividend for the said year and, in addition, if the New Shares have been credited to the accounts of the beneficiaries identified through the Intangible Securities System (DSS) managed by company “Hellenic Central Securities Depository Societe Anonyme”, on the date of termination of the right to receive a dividend.

(iv) The deadline for payment of the Increase should not exceed four (4) months from the day of registration of the decision of the Board of Directors in G.E.M.I., according to article 20 par. 2 of Law 4548/2018.

(v) The deadline for the exercise of the pre-emptive rights of the existing shareholders, according to article 26 par. 2 of Law 4548/2018, cannot be less than fourteen (14) days. The cut-off date of the pre-emptive right, the date of determination of beneficiaries (record date), the end date of the pre-emptive rights trading period and the end date of the exercise of pre-emptive rights will be set at the next meeting of the Board of Directors.

(vi) The following will have the right of preference in the Increase:

(a) all the registered shareholders of the Bank in the files of the Intangible Securities System managed by “Hellenic Exchanges SA.” (the HELEX former central securities depository) on the date of registration of beneficiaries (record date), according to article 5.2 of the ATHEX Regulations, if they retain these rights at the time of their exercise,

(b) those who acquire pre-emptive rights during their trading period on the Athens Stock Exchange.

(vii) In the event that after the timely exercise or amortization of the pre-emptive rights there are unallocated New Shares (the “Unallocated Shares”) these should be placed at the Offering Price, at the discretion of the Board of Directors of the Bank.

(viii) The report of the Board of Directors according to article 22 par. 1 and 2 of Law 4706/2020, as well as paragraph 4.1.3.13.2 of the Regulation of the Athens Stock Exchange, which will be published in accordance with the Law.

(ix) The authorization of the Bank’s executives to take all necessary actions and represent the Bank before the Hellenic Capital Market Commission for the submission and approval of a prospectus, in accordance with Regulation (EU) 2017/1129, for the offer and introduction of Of New Shares on the ATHEX, as well as before any other competent authority for the implementation of the decisions of the Board of Directors regarding the Increase.

(x) The corresponding amendment to article 5 of the Bank’s Articles of Association, to reflect the relevant change in its share capital.

Further information on the Bank, the New Shares and the Growth will be included in the Prospectus, prepared in accordance with the provisions of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, of the delegated Regulations (EU) ) 2019/979 and 2019/980 of the Commission of 14 March 2019, the applicable provisions of Law 4706/2020 and the executive decisions of the Hellenic Capital Market Commission, as in force, to be approved by the Hellenic Capital Market Commission, for the approval and disposal of which the investing public will be informed with a new announcement.

The Bank further informs the investing public that at its same meeting, the Board of Directors announced a preferred private investor from the investors who had submitted relevant offers during the preparatory actions for the increase of the Bank’s share capital and decided to continue with of the financial advisers of the Bank, “AXIA Ventures Group Ltd” and “EUROXX STOCK EXCHANGE SA”, the discussions with him in order to investigate his participation in the Increase and in the further capital increase of the Bank.