PIRAEUS FINANCIAL HOLDINGS S.A.
Informative Document pursuant to Article 4 par. 1 (d) of Law 3401/2005 regarding Dividend Distribution in the form of Shares for Inferior Shareholders due to Capitalization of the Distributable Dividend of Fiscal Year 2008
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 Ordinary General Meeting of Shareholders held on 30/04/2009 resolved amongst others, the increase of the Bank's capital by euro 32,097,287.07, with capitalization of the net amount of the distributable dividend and with the issuance of 6,728,991 new common registered shares, that will be distributed, on basis of the participation in the share capital, proportionally to the shareholders listed in the SAT records on the dividend beneficiaries' date (such date will coincide with the new share beneficiaries' date).
The aforementioned increase is effected in accordance with the latest provisions (article 1, L.3723/2008, article 28 L.3756/2009, and the explanatory circular 20708/Β/1175/23.4.2009 of the Ministry for Economy & Finance), according to which all credit institutions participating in the cash-flow support programs, as the Bank, may distribute a dividend up to a maximum of 35% of the profits, through new shares that may not originate from repurchase.
The new shares will be dematerialized, common, registered and with a right to the dividend of fiscal year 2009.
The beneficiaries will receive 1 new share for every 47 old shares they hold on the dividend beneficiaries date.
Due to the aforementioned increase the General meeting made the respective amendments in articles 5 and 27 of the Bank's articles of Association with regard to the share capital, which now reaches the amount of euro one billion nine hundred seventy four million nineteen thousand fourteen and eighty one cents (euro 1.974.019.914,81) divided in three hundred thirty six million two hundred seventy two thousand five hundred nineteen (336.272.519) common shares with voting right and seventy seven million five hundred sixty eight thousand one hundred thirty four (77.568.134) non-voting preferred shares, all of which have a nominal value of four euro and seventy seven cents (4,77) each.
The General Meeting authorised the Board of Directors to settle any fractional rights that will arise, according to the provisions in force.
The shares are expected to be listed for trading, according to the ATHEX Regulation, no later than the 3rd working day from the date the beneficiaries will be specified, such beneficiaries' date being the 6th working day following the approval of listing of the new shares by the ATHEX Board of Directors.
Mr. Dimitrios Papadimitriou, General Manager, Financial Administration, is the person responsible for drafting the informative document and the accuracy of its contents.
You may receive a hard copy of the information document at PIRAEUS BANK S.A. Headquarters in Athens, 4, Amerikis Street, P.C. 105 64 as well as in electronic form of the website of the Bank (http://www.piraeusbank.gr).
For further information please contact Shareholders Division during working days and business hours, tel: 210 333 5039, Mrs Evgenia Rizeakou.
The Ordinary General Meeting of Shareholders held on 30/04/2009 resolved amongst others, the increase of the Bank's capital by euro 32,097,287.07, with capitalization of the net amount of the distributable dividend and with the issuance of 6,728,991 new common registered shares, that will be distributed, on basis of the participation in the share capital, proportionally to the shareholders listed in the SAT records on the dividend beneficiaries' date (such date will coincide with the new share beneficiaries' date).
The aforementioned increase is effected in accordance with the latest provisions (article 1, L.3723/2008, article 28 L.3756/2009, and the explanatory circular 20708/Β/1175/23.4.2009 of the Ministry for Economy & Finance), according to which all credit institutions participating in the cash-flow support programs, as the Bank, may distribute a dividend up to a maximum of 35% of the profits, through new shares that may not originate from repurchase.
The new shares will be dematerialized, common, registered and with a right to the dividend of fiscal year 2009.
The beneficiaries will receive 1 new share for every 47 old shares they hold on the dividend beneficiaries date.
Due to the aforementioned increase the General meeting made the respective amendments in articles 5 and 27 of the Bank's articles of Association with regard to the share capital, which now reaches the amount of euro one billion nine hundred seventy four million nineteen thousand fourteen and eighty one cents (euro 1.974.019.914,81) divided in three hundred thirty six million two hundred seventy two thousand five hundred nineteen (336.272.519) common shares with voting right and seventy seven million five hundred sixty eight thousand one hundred thirty four (77.568.134) non-voting preferred shares, all of which have a nominal value of four euro and seventy seven cents (4,77) each.
The General Meeting authorised the Board of Directors to settle any fractional rights that will arise, according to the provisions in force.
The shares are expected to be listed for trading, according to the ATHEX Regulation, no later than the 3rd working day from the date the beneficiaries will be specified, such beneficiaries' date being the 6th working day following the approval of listing of the new shares by the ATHEX Board of Directors.
Mr. Dimitrios Papadimitriou, General Manager, Financial Administration, is the person responsible for drafting the informative document and the accuracy of its contents.
You may receive a hard copy of the information document at PIRAEUS BANK S.A. Headquarters in Athens, 4, Amerikis Street, P.C. 105 64 as well as in electronic form of the website of the Bank (http://www.piraeusbank.gr).
For further information please contact Shareholders Division during working days and business hours, tel: 210 333 5039, Mrs Evgenia Rizeakou.