PIRAEUS FINANCIAL HOLDINGS S.A.
INFORMATIVE DOCUMENT PURSUANT to article 4 par. 1(d) OF LAW 3401/2005
REGARDING THE PAYMENT OF DIVIDEND FOR FISCAL YEAR 2007 THROUGH OFFERING OF SHARES OF THE SAME CATEGORY AS THE SHARES ENTITLED TO THE DIVIDEND IS PAID ON
Piraeus Bank S.A. (henceforth the Bank),in accordance with the provisions of article 4 par. 1 case. D of Law 3401/2005, announces the following:
The 2nd Iterative General Shareholders Meeting held on 07/05/2008 resolved amongst others, on the increase of the Bank's capital up to the amount of euro 26,378,367.12 by issuing up to 5,530,056 new ordinary registered shares. Such share capital increase shall be effected by cash contribution and by providing the shareholders the option of reinvesting their dividends for fiscal year 2007 (dividend minus the already paid interim dividend).
The new shares shall be issued at a price of euro 21.36 per share.
The aforementioned increase aims at providing the shareholders the option, at their sole discretion, to purchase additional shares instead of dividend payment in cash.
Eligible to participate in the capital increase through dividend reinvestment are only those shareholders of record on 15th May 2008 (dividend beneficiaries).
Eligible shareholders may opt to receive the dividend in form of Bank shares (instead of cash payment), either in full or in part by exercising their respective right within the period starting on 08/05/2008 and ending on 22/05/2008 (included), by submitting the respective application form in writing to their operator.
No fractions of shares shall be issued. Therefore dividend reinvestment by each shareholder may be effected for an amount corresponding to a whole number of shares. Any remaining amount of dividend shall be paid to the shareholder in cash on the date of the dividend payment, which is on 26/05/2008.
Should the shareholders opt to exercise their pre-emption rights to participate in the aforementioned share capital increase, the Bank's share capital shall be raised respectively to the reinvested amount and new shares shall be issued which shall be offered to shareholders who will opt to reinvest their dividends. The new shares shall be dematerialized common registered shares and shall be entitled to fiscal year 2008 dividend, including any interim dividend. The share premium shall be included in the Share Premium Account.
The new shares are expected to be listed on 18/06/2008, which is approximately three weeks upon payment of the dividend (26/05/2008).
Following the aforementioned increase articles 5 and 27 of the Bank's Articles of Association shall be amended, in order to include the change in the Bank's share capital resulting from the increase. thief the share capital increase is partially subscribed, the Board of Directors, upon a resolution verifying the payment of the amount of the share capital increase, shall adjust the aforementioned articles according to the Law, so as to define the amount resulting from the partial subscription of the amount of the increase of capital.
It should be clarified that those shareholders who, either fully or partly, will not exercise their dividend reinvestment right and, therefore, will not participate in the aforementioned share capital increase, shall receive in cash the total dividend amount they are entitled to, starting on 26/05/2008 (date of dividend payment) onwards, in the way already announced by the Bank.
The persons responsible for drafting this information document (in Greek) as well as for the accuracy of its content are the following:
1.George Liakopoulos, General Manager, Corporate Governance & Administration and
2.Joseph Michaelides, Director of Capital Market & Investment Services
You may receive a copy of this informative document at PIRAEUS BANK S.A. headquarters in Athens, 4 Amerikis street,P.C. 105 64 as well as in electronic form on the website of the Bank (http://www.piraeusbank.gr).
For further information please contact Shareholders' Division during working days and business hours,tel.: +30 210 33 35 581, Mrs Evgenia Rizeakou.
The 2nd Iterative General Shareholders Meeting held on 07/05/2008 resolved amongst others, on the increase of the Bank's capital up to the amount of euro 26,378,367.12 by issuing up to 5,530,056 new ordinary registered shares. Such share capital increase shall be effected by cash contribution and by providing the shareholders the option of reinvesting their dividends for fiscal year 2007 (dividend minus the already paid interim dividend).
The new shares shall be issued at a price of euro 21.36 per share.
The aforementioned increase aims at providing the shareholders the option, at their sole discretion, to purchase additional shares instead of dividend payment in cash.
Eligible to participate in the capital increase through dividend reinvestment are only those shareholders of record on 15th May 2008 (dividend beneficiaries).
Eligible shareholders may opt to receive the dividend in form of Bank shares (instead of cash payment), either in full or in part by exercising their respective right within the period starting on 08/05/2008 and ending on 22/05/2008 (included), by submitting the respective application form in writing to their operator.
No fractions of shares shall be issued. Therefore dividend reinvestment by each shareholder may be effected for an amount corresponding to a whole number of shares. Any remaining amount of dividend shall be paid to the shareholder in cash on the date of the dividend payment, which is on 26/05/2008.
Should the shareholders opt to exercise their pre-emption rights to participate in the aforementioned share capital increase, the Bank's share capital shall be raised respectively to the reinvested amount and new shares shall be issued which shall be offered to shareholders who will opt to reinvest their dividends. The new shares shall be dematerialized common registered shares and shall be entitled to fiscal year 2008 dividend, including any interim dividend. The share premium shall be included in the Share Premium Account.
The new shares are expected to be listed on 18/06/2008, which is approximately three weeks upon payment of the dividend (26/05/2008).
Following the aforementioned increase articles 5 and 27 of the Bank's Articles of Association shall be amended, in order to include the change in the Bank's share capital resulting from the increase. thief the share capital increase is partially subscribed, the Board of Directors, upon a resolution verifying the payment of the amount of the share capital increase, shall adjust the aforementioned articles according to the Law, so as to define the amount resulting from the partial subscription of the amount of the increase of capital.
It should be clarified that those shareholders who, either fully or partly, will not exercise their dividend reinvestment right and, therefore, will not participate in the aforementioned share capital increase, shall receive in cash the total dividend amount they are entitled to, starting on 26/05/2008 (date of dividend payment) onwards, in the way already announced by the Bank.
The persons responsible for drafting this information document (in Greek) as well as for the accuracy of its content are the following:
1.George Liakopoulos, General Manager, Corporate Governance & Administration and
2.Joseph Michaelides, Director of Capital Market & Investment Services
You may receive a copy of this informative document at PIRAEUS BANK S.A. headquarters in Athens, 4 Amerikis street,P.C. 105 64 as well as in electronic form on the website of the Bank (http://www.piraeusbank.gr).
For further information please contact Shareholders' Division during working days and business hours,tel.: +30 210 33 35 581, Mrs Evgenia Rizeakou.