Attica Bank, with its announcement – response to a question from the Capital Market Commission, underlines that any information or development concerning the activities of the bank and issued by it, is the only reliable and valid source of information.
In more detail, the bank notes:
“The Bank’s constant practice is to immediately inform the investing public, with validity and responsibility, of any development concerning its activities in accordance with the provisions of the current legislation and in the context of final and specific business decisions. With its announcement of 13.12.2021 the Bank informed the investing public about the information it received regarding the basic terms of the Agreement from 09.12.2021 between the Shareholders of the Financial Stability Fund, ES GINI Investments LTD (which was subsequently replaced in the said Agreement by the company RINOA LTD) and DEPARTMENT [εφεξής τα “Μέρη” ή οι “Βασικοί Μέτοχοι”]as notified to her.
In the annual financial report for the period 01.01.2021 – 31.12.2021, published on 03.05.2022, it was disclosed, among other things, to the investing public that the Parties notified the Bank of their letter of 18.04.2022 in which they stated that based on and under the terms and conditions of the Agreement between them from 09.12.2021 intend to participate in a share capital increase and possibly in a third capital contribution (jointly Second Investment). The main objective of all parties involved is to maintain the viability of the Bank and at the same time, on the one hand, to reduce the MEAs to a single-digit percentage and on the other hand, to expand it into new, profitable activities.
To date, the Bank has not been informed of any information that modifies the above. Additionally, following the announcements of 19.07.2022, 29.07.2022, 10.08.2022 and 16.8.2022, the Bank once again informs the investing public that the process of implementing the provisions of Article 27A of Law 4172/2013 is underway (” DTC”) and the Act of the Council of Ministers of 28/06.07.2021 as amended by the Act of the Council of Ministers of 28/08/2021 numbered 34/25.08.2021. In this context, the period for exercising the right to redeem the warrants by the existing shareholders has already been announced for the period from 08-25-2022 to 09-08-2022 with a redemption price of 0.08406 euros.
After the end of the overall period provided for in condition 6 of the PYS, the securities are securities within the meaning of par. 44 of article 4 of Law 4548/2018 (A’ 14) and par. e of par. 3 of of article 1 of Law 3371/2005 (A΄ 178) and are freely transferable and negotiable on a regulated market. Consequently, after the completion of the above-described process, the securities will be admitted to trading on the regulated market of the Athens Stock Exchange after the submission of a Prospectus to the Capital Market Commission for approval, in accordance with the provisions of Regulation (EU) 2017/1129.
Furthermore, as has already been announced, the implementation process of the Bank’s capital strengthening operations is in full progress and will be completed with the taking of final and specific decisions of the Bank on the business plan and the capital strengthening plan, which will follow the taking of all the required information and the evaluation, based on the Bank’s internal procedures, of this information, as well as of the alternative options available. This includes, among other things, the decision-making on the strategy of inclusion in the Hercules 2 State Support Program of the high priority bonds of the Bank’s securitizations. The process of receiving preliminary credit rating reports for these bonds has been partially implemented and is expected to be completed by the end of August.”
The bank concludes by noting that it will come back with a newer announcement with details on the above procedure and the progress of the implementation of its capital support operations.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
