ALPHA SERVICES AND HOLDINGS S.A.
Announcement
Information Document regarding the listing of Alpha Bank shares in the Athens Exchange, pursuant to exercise of stock option plans, in accordance with article 4 par. 2(f) of law 3401/2005.
Alpha Bank A.E. (the "Bank"), in application of resolutions of the General Meetings of Shareholders dated 6 June 2006, approving stock option plan (the "Plan") for the purchase of Bank shares following the exercise of stock options (the "Options") by executive members of the Board of Directors, managerial staff and employees of the Bank and its affiliated companies (the "Beneficiaries"), and in accordance with article 4 par. 2(f) of law 3401/2005, announces the following:
Pursuant to the exercise of Options by 15 Beneficiaries, out of a total of 16, in the period between 23 and 26 November 2007, the Board of Directors of the Bank, in its meeting dated 27.11.2007, decided the increase of the Bank's share capital by the amount of Euro 734,233.50 through the issue of 188,265 new common shares of nominal value Euro 3.90 each. The new common shares correspond to an equivalent number of Options exercised at a price of Euro 20.61. On 27.11.2007 the Board of Directors of the Bank certified the full payment of the amount of the capital increase, along with the amount of the share premium, and credited the relevant accounts of the Bank. The share capital of the Bank now amounts to Euro 1,602,808,942.80 divided into 410,976,652 common registered shares, of nominal value Euro 3.90 each. The above resolutions were registered in the companies' registry of the Ministry of Development, pursuant to its decision no. Κ2-17202/7.12.2007.
The Bank will list the new shares in the Athens Exchange by crediting the accounts held, in the Dematerialized Securities System, by each Beneficiary, subject to the provisions of the law and the Athens Exchange Regulation.
To date, 3,491,316 Options corresponding to an equivalent number of common, registered shares of the Bank (including the current 188,265 that are to be listed) have been exercised. The aforementioned number of shares would, today, represent 0.85% of the current share capital of the Bank.
BRIEF DESCRIPTION OF THE PLAN
The basic features of the Plan are described below:
Resolution of the General Meeting of Shareholders dated 6 June 2006:
1. The Options are granted during the five year period 2006-2010, with the Beneficiaries having the right to receive an equivalent amount of common, registered, voting shares, corresponding to the number of exercised Options.
2. Beneficiaries are executive members of the Board of Directors, managerial staff and other employees of the Bank, and its affiliated companies, at the date of grant by the General Meeting of Shareholders as well as at the time of exercise (save for exceptions provided for by the Board of Directors).
3. The Options' strike price is equivalent to 90% of a price fixed by the Board of Directors from within a range set by the average price of the month of December preceding, and the average price of the month preceding, the Board of Directors' meeting which grants the Options to Beneficiaries.
4. The total number of Options granted is limited to 5.0% of the share capital of the Bank at the exercise date.
The Beneficiary may exercise up to one third (1/3) of all Options after one year from the date these were granted and every year thereafter for the next two years. If, on the exercise date, the strike price exceeds the share price or trails the share price by less than 10%, the Beneficiary has the right to postpone the exercise of the Options to a later date which cannot go beyond five years from the date of grant, or else the Options will be cancelled, all of the above subject to exceptions, qualifications and procedural rules set by the Board of Directors.
5. In case of a change in the nominal value or the total number of outstanding shares of the Bank due to a change in the share capital or any other reason, the number of Options, and their corresponding shares, will change accordingly, so as to maintain the same economic benefit for the Beneficiary.
6. Options that have not been exercised by the exercise date will be cancelled.
Responsible for this Information Document and the accuracy of its contents are:
1. Hector P. Verykios, Secretary of the Board of Directors,
2. Nicholas R. Chryssanthopoulos, Assistant Manager- Corporate Development Division
The current Information Document is available at the Bank's offices in Athens, 40 Stadiou Str., 10252 Athens, and in the Bank's website www.alpha.gr. For any further information, Shareholders can contact the Shareholders' Section of Alpha Bank, during working days and hours, (tel. +30 (210) 326 0000).
Alpha Bank A.E. (the "Bank"), in application of resolutions of the General Meetings of Shareholders dated 6 June 2006, approving stock option plan (the "Plan") for the purchase of Bank shares following the exercise of stock options (the "Options") by executive members of the Board of Directors, managerial staff and employees of the Bank and its affiliated companies (the "Beneficiaries"), and in accordance with article 4 par. 2(f) of law 3401/2005, announces the following:
Pursuant to the exercise of Options by 15 Beneficiaries, out of a total of 16, in the period between 23 and 26 November 2007, the Board of Directors of the Bank, in its meeting dated 27.11.2007, decided the increase of the Bank's share capital by the amount of Euro 734,233.50 through the issue of 188,265 new common shares of nominal value Euro 3.90 each. The new common shares correspond to an equivalent number of Options exercised at a price of Euro 20.61. On 27.11.2007 the Board of Directors of the Bank certified the full payment of the amount of the capital increase, along with the amount of the share premium, and credited the relevant accounts of the Bank. The share capital of the Bank now amounts to Euro 1,602,808,942.80 divided into 410,976,652 common registered shares, of nominal value Euro 3.90 each. The above resolutions were registered in the companies' registry of the Ministry of Development, pursuant to its decision no. Κ2-17202/7.12.2007.
The Bank will list the new shares in the Athens Exchange by crediting the accounts held, in the Dematerialized Securities System, by each Beneficiary, subject to the provisions of the law and the Athens Exchange Regulation.
To date, 3,491,316 Options corresponding to an equivalent number of common, registered shares of the Bank (including the current 188,265 that are to be listed) have been exercised. The aforementioned number of shares would, today, represent 0.85% of the current share capital of the Bank.
BRIEF DESCRIPTION OF THE PLAN
The basic features of the Plan are described below:
Resolution of the General Meeting of Shareholders dated 6 June 2006:
1. The Options are granted during the five year period 2006-2010, with the Beneficiaries having the right to receive an equivalent amount of common, registered, voting shares, corresponding to the number of exercised Options.
2. Beneficiaries are executive members of the Board of Directors, managerial staff and other employees of the Bank, and its affiliated companies, at the date of grant by the General Meeting of Shareholders as well as at the time of exercise (save for exceptions provided for by the Board of Directors).
3. The Options' strike price is equivalent to 90% of a price fixed by the Board of Directors from within a range set by the average price of the month of December preceding, and the average price of the month preceding, the Board of Directors' meeting which grants the Options to Beneficiaries.
4. The total number of Options granted is limited to 5.0% of the share capital of the Bank at the exercise date.
The Beneficiary may exercise up to one third (1/3) of all Options after one year from the date these were granted and every year thereafter for the next two years. If, on the exercise date, the strike price exceeds the share price or trails the share price by less than 10%, the Beneficiary has the right to postpone the exercise of the Options to a later date which cannot go beyond five years from the date of grant, or else the Options will be cancelled, all of the above subject to exceptions, qualifications and procedural rules set by the Board of Directors.
5. In case of a change in the nominal value or the total number of outstanding shares of the Bank due to a change in the share capital or any other reason, the number of Options, and their corresponding shares, will change accordingly, so as to maintain the same economic benefit for the Beneficiary.
6. Options that have not been exercised by the exercise date will be cancelled.
Responsible for this Information Document and the accuracy of its contents are:
1. Hector P. Verykios, Secretary of the Board of Directors,
2. Nicholas R. Chryssanthopoulos, Assistant Manager- Corporate Development Division
The current Information Document is available at the Bank's offices in Athens, 40 Stadiou Str., 10252 Athens, and in the Bank's website www.alpha.gr. For any further information, Shareholders can contact the Shareholders' Section of Alpha Bank, during working days and hours, (tel. +30 (210) 326 0000).