NAT. BANK OF GREECE SA
National Bank of Greece S.A. completion of share capital increase through the issue of preferred shares, sold in the USA
Announcement of Regulated Information pursuant to Law 3556/2007
National Bank of Greece S.A. completion of share capital increase through the issue of preferred shares, sold in the USA.
National Bank of Greece S.A. (?NBG?) announces completion of its share capital increase by euro 7.5 million through payment in cash of ?402,637,500 and the issue of 25 million redeemable preferred shares without voting right or cumulative dividend, of a par value of euro 0.30 and a selling price of US$ 25 each (the Preferred Shares).
NBG's share capital increase was implemented pursuant to a resolution adopted by the second repeat general meeting of NBG?s shareholders that took place on 15 May 2008, authorizing NBG's share capital increase up to euro 30 million through the issue of 100 million Preferred Shares and the abolition of the Bank's shareholders preemptive rights.
As a result of NBG's successful offering, 25 million Preferred Shares were issued and NBG's share capital increased by euro 7.5 million; the share premium account was credited with euro 395,137,500. Accordingly, NBG's share capital now stands at euro 2,488,831,495, divided into (a) 496,266,299 common shares of a par value of euro 5 each, and (b) 25 million redeemable preferred shares, without voting right or cumulative dividend, of a par value of euro 0.30 each. The respective amendment to NBG's Articles of Association, pursuant to the relevant AGM resolution, was also ratified on 11 June 2008 by Ministry of Development resolution Κ-2 7417/11.6.2008.
NBG has been advised in connection with the issue by Merrill Lynch & Co. Merrill Lynch & Co, Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated and UBS Securities LLC have acted as joint book managers. Credit Suisse Securities (USA) LLC, HSBC Bank (USA) Inc and NBG International Limited have acted as Co-Managers.
The Preferred Shares were sold in the form of American Depositary Shares (ADSs), and each ADS represents one Preferred Share. Application will be made for the listing of the ADSs and the Preferred Shares on the New York Stock Exchange.
This announcement is directed only at persons who (i) are outside the United Kingdom or (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.
National Bank of Greece S.A. completion of share capital increase through the issue of preferred shares, sold in the USA.
National Bank of Greece S.A. (?NBG?) announces completion of its share capital increase by euro 7.5 million through payment in cash of ?402,637,500 and the issue of 25 million redeemable preferred shares without voting right or cumulative dividend, of a par value of euro 0.30 and a selling price of US$ 25 each (the Preferred Shares).
NBG's share capital increase was implemented pursuant to a resolution adopted by the second repeat general meeting of NBG?s shareholders that took place on 15 May 2008, authorizing NBG's share capital increase up to euro 30 million through the issue of 100 million Preferred Shares and the abolition of the Bank's shareholders preemptive rights.
As a result of NBG's successful offering, 25 million Preferred Shares were issued and NBG's share capital increased by euro 7.5 million; the share premium account was credited with euro 395,137,500. Accordingly, NBG's share capital now stands at euro 2,488,831,495, divided into (a) 496,266,299 common shares of a par value of euro 5 each, and (b) 25 million redeemable preferred shares, without voting right or cumulative dividend, of a par value of euro 0.30 each. The respective amendment to NBG's Articles of Association, pursuant to the relevant AGM resolution, was also ratified on 11 June 2008 by Ministry of Development resolution Κ-2 7417/11.6.2008.
NBG has been advised in connection with the issue by Merrill Lynch & Co. Merrill Lynch & Co, Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated and UBS Securities LLC have acted as joint book managers. Credit Suisse Securities (USA) LLC, HSBC Bank (USA) Inc and NBG International Limited have acted as Co-Managers.
The Preferred Shares were sold in the form of American Depositary Shares (ADSs), and each ADS represents one Preferred Share. Application will be made for the listing of the ADSs and the Preferred Shares on the New York Stock Exchange.
This announcement is directed only at persons who (i) are outside the United Kingdom or (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.