Press release of Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange


 

December 29, 2016

 

Stock Markets Steering Committee of Hellenic Exchanges
Athens Stock Exchanges

The Athens Stock Exchange, following today's session of its Stock Markets Steering Committee, announces that on Tuesday, January 3rd, 2017 the corporate actions below will be implemented:
  • Increase in the par value of the shares of "ALPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A." (ISIN: GRS504003013), from €0.30 to €0.41 per share and suspension of trading of the 3,093,252 common registered shares of the company,  in order to be replaced by 773,313 new common registered shares, as a result of the shares' reverse split with increase in the par value of the shares from €0.41 to €1.64 per share. The record date for the aforementioned corporate action is Wednesday, January 04th, 2017.  Moreover, as of Tuesday, January 3rd, 2017  the shares of the company do not incorporate the right for the entitlement to the capital return of €0.64 per share, as part of the decrease in the par value of the shares of the company from €1.64 to €1.00. The beneficiaries of the capital return are the shareholders registered in the records of the Dematerialised Securities System on Wednesday, January 04th, 2017 (record date), following the conclusion of the reverse split. Commencement of trading of the 773,313 new shares with final par value of €1.00 per share is on Monday, January 09h, 2017.

 

In addition, according to the relevant decision of the ATHEX Stock Markets Steering Committee, Friday, January 13, 2017, is specified as the delisting date of the shares of "XATZIOANNOU S.A." (GRS290063007), "TECHNICAL PUBLICATIONS S.A." (GRS360263008), "ALSINCO S.A." (GRS441003001), "PARNASSOS ENTERPRISES S.A." (GRS123143000), "DIAS AQUA CULTURE S.A." (GRS440003010), "SPIDER METAL IND. N.PETSIOS & SONS S.A." (GRS353103005), which have been under suspension of trading for a period longer than six months and have not proceeded to take actions to remove the reasons for the shares' suspension, within the time limit given by the Athens Stock Exchange (article 2.6.12 and 2.6.14. of the ATHEX Rulebook) and also approved the delisting of the shares of "BIOMEDICAL & ROBOTICS TECHNOLOGY S.A." (GRS508003001), which has been under suspension of trading for a period longer than one year and has not proceeded to take actions to remove the reasons for the shares' suspension (article 32, Alternative Market Operating Rules).

Finally, the Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange, during today's session, approved:

  • The acquisition of a market making license for the ATHEX Member "EUROBANK EQUITIES S.A.", for market making on the bonds of «CENERGY HOLDING SA» and set of the start date of its obligations on the aforementioned bond for Monday, January 02nd 2017.
  • The acquisition of a market making license for the ATHEX Member "ALPHA FINANCE INVESTMENT SERVICES S.A.", for market making on the bonds of «CENERGY HOLDING SA» and set of the start date of its obligations on the aforementioned bond for Monday, January 02nd 2017.
  • The Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange, during today's session, was informed about a) the upcoming delisting of the stocks of the Company "BANK OF CYPRUS" from ATHEX and b) the listing of the aforementioned Company on the Main Market of the London Stock Exchange.   As a result of the upcoming deletion of the underlying value, the trading of Stock Lending Products on the stocks of the Company "BANK OF CYPRUS" will be suspended, with effect from 2/1/2017. AlthexClear will perform exercise procedure on behalf of all the borrowers which keep open positions on the 30/12/2016.
  • Furthermore, approved the suspension of the market making obligations on the stocks of the Company "BANK OF CYPRUS" from 2/1/2017.

 

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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 Derivatives 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.

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

More information about the Athens Exchange Group, can be found in the links provided here, website, company profile and overview of the market.