Press release of Listings and Market Operation Committee - Athens Stock Exchange (ATHEX)


 

August 02, 2018

 

Listings and Market Operation Committee - Athens Stock Exchange (ΑΤΗΕΧ)

The Listings and Market Operation Committee of ATHEX, during today's session, approved the acquisition of a market making license for the ATHEX Member "ALPHA FINANCE INVESTMENT SERVICES S.A.", for market making on the listed company "INTRACOM S.A. HOLDINGS" and set of the start date of its obligations on the aforementioned shares for Friday, August 3rd 2018. At the end of the first year, the Market Making license is automatically renewed for an indefinite period, during which the Market Making may terminate, even without an important reason, after the lapse of a 30 day notification deadline.

Moreover, regarding the upcoming corporate actions of the companies National Bank of Greece and Intracom Holdings, the Listings and Market Operation Committee of ATHEX announces that the following action will take place:

National Bank of Greece

Due to the increase of the registered share nominal value from €0.30 to €3.00 and the decrease of the outstanding shares from 9,147,151,527 to 914,715,153 at a ratio of 1 new share for 10 old shares (reverse split):

  1. Suspension of the trading of the derivative products on the share, according to article 2.6.9.2 of ATHEX Regulation, after the last trading day of the underlying as will be announced by the listed company.
  2. Suspension of the trading of the lending-borrowing products on the share, according to article 2.6.13 of ATHEX Regulation, seven (7) days before the last trading day of the underlying as will be announced by the listed company.

The derivative and lending-borrowing products will resume trading on the day the underlying will resume trading.

Intracom Holdings

Due to:

  1. A reduction of share capital by €121,066,654.36, as follows:
    1. By €36,654,36 by cancelling 25,996 own-held shares of nominal value €1.41, per share and
    2. By €121,030,000 to net previous years losses, by decreasing the nominal value of the remaining 133,000,000 shares, from €1.41 to €0.50 per share
  2. An increase of the share nominal value from €0.50 to €1.00 and a corresponding decrease of the outstanding shares from 133,000,000 to 66,500,000 (a 2:1 reverse split),
  3. A share capital increase by capitalizing reserves of €9,500,000, and issuing 9,500,000 new shares of nominal value €1.00 per share that will be distributed at a ratio of 1 new per 7 old shares:
    1. Suspension of the trading of the derivative products on the share, according to article 2.6.9.2 of ATHEX Regulation, after the last trading day of the underlying as will be announced by the listed company.
    2. Suspension of the trading of the lending-borrowing products on the share, according to article 2.6.13 of ATHEX Regulation, seven (7) days before the last trading day of the underlying as will be announced by the listed company.

The derivative and lending-borrowing products will resume trading on the day the underlying will resume trading.

 

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About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.