GENERAL BANK OF GREECE S.A.
Availability of the Prospectus
GENIKI Bank (the "Bank") announces that in accordance with Regulation 809/2004 of the European Commission and l. 3401/2005 the Prospectus concerning the increase of the share capital of the Bank in cash, in favour of existing shareholders, will be available to the public on 22.10.2007, as approved by the Hellenic Capital Market Commission on 19.10.2007, and as resolved by the Annual General Shareholders Meeting on 28th June, 2007.
Specifically, the above mentioned Shareholders Meeting resolved the increase of the share capital of the Bank by euro 56.227.585,15 in cash through the issue of 52.549.145 new shares, of nominal value euro 1,07 each offered at euro 4 ("Subscription Price"), in favour of existing shareholders, in a ratio of 9 new shares for every 10 held ("Pre-emption Rights"). The Subscription Price of the New Shares may exceed the trading price on the ex-rights date. All New Shares will be registered as ordinary voting shares in electronic form and will be entitled to dividend for the financial year 2007. If the increase is fully subscribed, the Bank's share capital will amount to euro 118.702.679, 88 divided into 110.937.084 shares, of nominal value euro 1, 07. The funds raised are expected to amount to euro 210.196.580,00. Share fractions will not be issued, therefore the Shareholders are advised to have a number of shares which after the exercise of the pre-emptive rights produce integer number of new shares.
Those entitled to pre-emption rights ("Pre-emption Rights") include:
(i) existing shareholders of the Bank after the close of business and settlement of transactions of the Athens Exchange on the working day before the ex-rights date, that is 22.10.2007, and are entitled to pre-emption Rights during the exercise period, and (ii) those who will acquire Pre-emption Rights from trading on the Athens Exchange.
Information about the exercise procedure of Pre-emption Rights, 4.2 "Terms for participating to the Share Capital Increase" and 4.4 "Procedure for the Exercise of Pre-emption Rights" the Prospectus, as approved by the Hellenic Capital Market Commission on 19 October, 2007.
The expected timetable for the share capital increase is as follows:Date EVENT
19/10/2007 Prospectus approval by the Hellenic Capital Market Commission
19/10/2007 Approval of listing of Pre-emption Rights by the Board of Directors of Athens Exchange
19/10/2007 Publication of the announcement for the ex-rights date and the trading period for Pre-emption Rights
22/10/2007 Prospectus publication
23/10/2007 Publication of the announcement for the availability Prospectus publication to the public
23/10/2007 Ex-rights date for the Pre-emption Rights / adjustment of the share price
29/10/2007 Credit by the Hellenic Exchanges S.A. of the Pre-emption Rights to the accounts of the beneficiaries in the Electronic (Dematerialised) Securities System (DSS).
29/10/2007 Commencement of the exercise and trading period of the Pre-emption Rights
6/11/2007 End of trading period for the Pre-emption Rights
12/11/2007 End of exercise period for the Pre-emption Rights
15/11/2007 Publication of the announcement for the percentage of subscription to the share capital increase from the exercise of the Pre-emption Rights and the potential issue of unsubscribed shares.
22/11/2007 Approval of trading of the new shares by the Board of Directors of Athens Exchange
26/11/2007 Listing of the new shares from the share capital in cash
Note that the above mentioned timetable depends on variable circumstances and may change. Regarding the procedure for the share capital increase and the implementation timetable there will be further relevant announcements to the public following due legal process. For the completion of the listing and trading of the new shares on Athens Exchange, the prior approval by the Ministry of Development and the Board of Directors of Athens Exchange is required. The date of commencement of trading of the new shares on the Athens Exchange after the completion of the Share Capital Increase will be determined by the Bank's BoD and will be announced in a separate announcement.
The Prospectus, as approved by the Capital Markets Commission on 19th October 2007, will be published in electronic form from 22nd October 2007, on the websites of the Bank (www.geniki.gr/images/.Prospectus_19-10-2007.pdf), the website of the Advisor EFG Telesis Finance (www.efgtelesis.gr), the Capital Market Commission (www.hcmc.gr) and the Athens Exchange(www.ase.gr/content/gr/Companies/ListedCo/Prospectus/), according to art.2par2 of the c.d.3401/2005.The above mentioned Prospectus, is granted without charge, on request, from 22.10.07 in printed form at the Bank's branches and at the Advisor's office EFG Telesis Finance Fillelinon 10, 105 57 Athens.
For further information, Shareholders are kindly requested to contact the Bank's Shareholders' Department: 109-111, Mesogeion Ave., 115 10 Athens, tel. +30 210 697 54 76 Ms Ch.Tzamali and +30 210 697 57 04 Ms S. Franses.
Specifically, the above mentioned Shareholders Meeting resolved the increase of the share capital of the Bank by euro 56.227.585,15 in cash through the issue of 52.549.145 new shares, of nominal value euro 1,07 each offered at euro 4 ("Subscription Price"), in favour of existing shareholders, in a ratio of 9 new shares for every 10 held ("Pre-emption Rights"). The Subscription Price of the New Shares may exceed the trading price on the ex-rights date. All New Shares will be registered as ordinary voting shares in electronic form and will be entitled to dividend for the financial year 2007. If the increase is fully subscribed, the Bank's share capital will amount to euro 118.702.679, 88 divided into 110.937.084 shares, of nominal value euro 1, 07. The funds raised are expected to amount to euro 210.196.580,00. Share fractions will not be issued, therefore the Shareholders are advised to have a number of shares which after the exercise of the pre-emptive rights produce integer number of new shares.
Those entitled to pre-emption rights ("Pre-emption Rights") include:
(i) existing shareholders of the Bank after the close of business and settlement of transactions of the Athens Exchange on the working day before the ex-rights date, that is 22.10.2007, and are entitled to pre-emption Rights during the exercise period, and (ii) those who will acquire Pre-emption Rights from trading on the Athens Exchange.
Information about the exercise procedure of Pre-emption Rights, 4.2 "Terms for participating to the Share Capital Increase" and 4.4 "Procedure for the Exercise of Pre-emption Rights" the Prospectus, as approved by the Hellenic Capital Market Commission on 19 October, 2007.
The expected timetable for the share capital increase is as follows:Date EVENT
19/10/2007 Prospectus approval by the Hellenic Capital Market Commission
19/10/2007 Approval of listing of Pre-emption Rights by the Board of Directors of Athens Exchange
19/10/2007 Publication of the announcement for the ex-rights date and the trading period for Pre-emption Rights
22/10/2007 Prospectus publication
23/10/2007 Publication of the announcement for the availability Prospectus publication to the public
23/10/2007 Ex-rights date for the Pre-emption Rights / adjustment of the share price
29/10/2007 Credit by the Hellenic Exchanges S.A. of the Pre-emption Rights to the accounts of the beneficiaries in the Electronic (Dematerialised) Securities System (DSS).
29/10/2007 Commencement of the exercise and trading period of the Pre-emption Rights
6/11/2007 End of trading period for the Pre-emption Rights
12/11/2007 End of exercise period for the Pre-emption Rights
15/11/2007 Publication of the announcement for the percentage of subscription to the share capital increase from the exercise of the Pre-emption Rights and the potential issue of unsubscribed shares.
22/11/2007 Approval of trading of the new shares by the Board of Directors of Athens Exchange
26/11/2007 Listing of the new shares from the share capital in cash
Note that the above mentioned timetable depends on variable circumstances and may change. Regarding the procedure for the share capital increase and the implementation timetable there will be further relevant announcements to the public following due legal process. For the completion of the listing and trading of the new shares on Athens Exchange, the prior approval by the Ministry of Development and the Board of Directors of Athens Exchange is required. The date of commencement of trading of the new shares on the Athens Exchange after the completion of the Share Capital Increase will be determined by the Bank's BoD and will be announced in a separate announcement.
The Prospectus, as approved by the Capital Markets Commission on 19th October 2007, will be published in electronic form from 22nd October 2007, on the websites of the Bank (www.geniki.gr/images/.Prospectus_19-10-2007.pdf), the website of the Advisor EFG Telesis Finance (www.efgtelesis.gr), the Capital Market Commission (www.hcmc.gr) and the Athens Exchange(www.ase.gr/content/gr/Companies/ListedCo/Prospectus/), according to art.2par2 of the c.d.3401/2005.The above mentioned Prospectus, is granted without charge, on request, from 22.10.07 in printed form at the Bank's branches and at the Advisor's office EFG Telesis Finance Fillelinon 10, 105 57 Athens.
For further information, Shareholders are kindly requested to contact the Bank's Shareholders' Department: 109-111, Mesogeion Ave., 115 10 Athens, tel. +30 210 697 54 76 Ms Ch.Tzamali and +30 210 697 57 04 Ms S. Franses.