ALPHA SERVICES AND HOLDINGS S.A.
Full subscription of the rights issue
NEITHER THE RIGHTS NOR THE SHARES MENTIONED HEREIN HAVE BEEN OR WILL BE REGISTERED UNDER THE US SECURITIES ACT OF 1933 AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS
ANNOUNCEMENT
FULL SUBSCRIPTION OF THE RIGHTS ISSUE
Alpha Bank A.E. (the ''Bank'') announces the following:
1. The share capital increase resolved by the Bank's Board of Directors on 19.10.2009 by way of a rights issue (the ''Rights Issue'') of an amount equal to Euro 986,343,968.00 payable in cash with pre-emption rights in favour of its existing common Shareholders and the issuance of 123,292,996 new common registered shares of nominal value Euro 4.70 each (the ''New Shares''), at a subscription price of Euro 8.00 per New Share (the ''Subscription Price''), which took place from 12.11.2009 until and including 26.11.2009, was successfully completed.
2. More specifically:
(a) The Rights Issue was oversubscribed by 1.52 times, as the demand expressed by persons exercising pre-emption and oversubscription rights (the ''Beneficiaries'') amounted to 187,579,802 New Shares in total. Subscriptions made by persons exercising pre-emption rights resulted in a coverage ratio of 96.66% through the payment of Euro 953,409,056.00 in aggregate, corresponding to 119,176,132 New Shares, while 4,116,864 New Shares remained unsubscribed (the ''Unsubscribed Shares'').
(b) During the oversubscription process, Beneficiaries requested 68,403,670 New Shares, corresponding to demand for Unsubscribed Shares of 16.62 times, and, consequently, the coverage ratio for Unsubscribed Shares came to 6.02%. Pursuant to the decision of the Bank's Board of Directors dated 30.11.2009, all Unsubscribed Shares were allocated to such Beneficiaries at the Subscription Price pro rata to the shares requested by them, as per the provisions of the Board's decision dated 19.10.2009.
3. The Rights Issue was fully (100%) subscribed and its total proceeds amounted to Euro 986,343,968.00. As a result, the Bank's share capital was increased by an amount of Euro 579,477,081.20 through the issuance of the New Shares while the balance from the issuance of the New Shares at the above par total amount of Euro 406,866,886.80 has been credited to the ''Share premium'' account. Following the above, the Bank's share capital amounts to Euro 3,451,067,345.60 and is divided in 534,269,648 common, registered, voting, dematerialized shares and 200,000,000 preference, registered, non-voting, paper and redeemable shares, all of par value of Euro 4.70 each.
4. The New Shares will be delivered to the investors entitled thereto in dematerialised form by crediting their Investor and Securities Accounts held with the Dematerialised Securities System. The date the New Shares will be credited to the Beneficiaries' accounts and the date of commencement of trading of the New Shares on the Athens Exchange will be duly communicated by the Bank via a respective announcement in accordance with the information set forth in the Greek prospectus.
ANNOUNCEMENT
FULL SUBSCRIPTION OF THE RIGHTS ISSUE
Alpha Bank A.E. (the ''Bank'') announces the following:
1. The share capital increase resolved by the Bank's Board of Directors on 19.10.2009 by way of a rights issue (the ''Rights Issue'') of an amount equal to Euro 986,343,968.00 payable in cash with pre-emption rights in favour of its existing common Shareholders and the issuance of 123,292,996 new common registered shares of nominal value Euro 4.70 each (the ''New Shares''), at a subscription price of Euro 8.00 per New Share (the ''Subscription Price''), which took place from 12.11.2009 until and including 26.11.2009, was successfully completed.
2. More specifically:
(a) The Rights Issue was oversubscribed by 1.52 times, as the demand expressed by persons exercising pre-emption and oversubscription rights (the ''Beneficiaries'') amounted to 187,579,802 New Shares in total. Subscriptions made by persons exercising pre-emption rights resulted in a coverage ratio of 96.66% through the payment of Euro 953,409,056.00 in aggregate, corresponding to 119,176,132 New Shares, while 4,116,864 New Shares remained unsubscribed (the ''Unsubscribed Shares'').
(b) During the oversubscription process, Beneficiaries requested 68,403,670 New Shares, corresponding to demand for Unsubscribed Shares of 16.62 times, and, consequently, the coverage ratio for Unsubscribed Shares came to 6.02%. Pursuant to the decision of the Bank's Board of Directors dated 30.11.2009, all Unsubscribed Shares were allocated to such Beneficiaries at the Subscription Price pro rata to the shares requested by them, as per the provisions of the Board's decision dated 19.10.2009.
3. The Rights Issue was fully (100%) subscribed and its total proceeds amounted to Euro 986,343,968.00. As a result, the Bank's share capital was increased by an amount of Euro 579,477,081.20 through the issuance of the New Shares while the balance from the issuance of the New Shares at the above par total amount of Euro 406,866,886.80 has been credited to the ''Share premium'' account. Following the above, the Bank's share capital amounts to Euro 3,451,067,345.60 and is divided in 534,269,648 common, registered, voting, dematerialized shares and 200,000,000 preference, registered, non-voting, paper and redeemable shares, all of par value of Euro 4.70 each.
4. The New Shares will be delivered to the investors entitled thereto in dematerialised form by crediting their Investor and Securities Accounts held with the Dematerialised Securities System. The date the New Shares will be credited to the Beneficiaries' accounts and the date of commencement of trading of the New Shares on the Athens Exchange will be duly communicated by the Bank via a respective announcement in accordance with the information set forth in the Greek prospectus.