Attica Bank: Extension of the deadline for exercising the pre-emptive rights

Attica Bank is extending the pre-emptive rights exercise period following yesterday’s announcements of the Financial Stability Fund (HFSF) for its exclusive negotiations with private investors TMEDE and Ellington Solutions SA

The Bank notes in a relevant announcement that on 08.12.2021 it received written information from the Financial Stability Fund (the “Fund”), in its capacity as a Principal Shareholder with a share of 68.24% in the share capital of the Bank, that there was a successful completion of exclusive negotiations of the Fund with the private investors TMEDE and Ellington, regarding their participation in the Growth and its further capital strengthening.

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 it currently holds in the Bank.

According to him, 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 investing public about the information that is brought to its attention.

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, taking into account the interest expressed by investors.

In the context of the stock market legislation and having in mind the protection of the investing public, the security of the transactions and the interest of the Bank as an issuer, the Board of Directors as immediate measures decided:

(a) the extension of the deadline for exercising the pre-emptive rights on the New Shares until 17.12.2021 (last exercise day).

(b) the provision to investors, who have already exercised 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 rights period; that is, until 17.12.2021.

Based on the above, the revised (new) schedule of the remaining actions of the Increase is as follows
 09.12.2021 – Beginning of the exercise period of the Right of Withdrawal
 17.12.2021 – Last day of exercising the Pre-emptive Rights
 17.12.2021 – Last day of the exercise period of the Right of Withdrawal
 20.12.2021 – Distribution and disposal of any unallocated New Shares
 21.12.2021 – Certification of payment of the Share Capital Increase
 21.12.2021 – Announcement to cover the Share Capital Increase
 22.12.2021 – Approval of the ATHEX. for the listing of the New Shares *
 22.12.2021 – Announcement for the date of commencement of trading of the New Shares
 23. 12.2021 – Commencement of trading of New Shares
* Without prejudice to the meeting of the competent committee of the ATHEX. on that date.

It is noted that the above schedule depends on unbalanced factors and is subject to change.

The Board of Directors of the Bank will keep the investing public informed of any further developments.

It is reminded that based on the decision of the Board of Directors of the Bank dated 05.11.2021, in accordance with the provision of article 24 par. 1 (b) of Law 4548/2018 by virtue of the authorization provided to the Board of Directors on 07.07.2021 and 15.09.2021 decisions of the General Meeting of the Bank’s shareholders, it was decided, inter alia, to increase the share capital of the Bank by up to 240,000,000 Euros, by issuing up to 1,200,000,000 new, common, intangible, registered voting shares of registered worth 0.20 Euros each (the “New Shares”), with cash payment, and with a pre-emptive right of the existing shareholders of the Bank (the “Increase”), with a ratio of 49.5265161872259 New Shares for each old share of the Bank. From 18.11.2021 the Bank made available to the investing public the prospectus approved by the Hellenic Capital Market Commission on 18.11.2021 (the “Prospectus”) for the public offering in Greece and the admission to trading on the Main Market of the Regulated Market. of the Athens Stock Exchange (the “ATHEX”) of New Shares.