ALPHA SERVICES AND HOLDINGS S.A.
Rights Issue Results' Announcement.
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
Alpha Bank announces the successful completion of its Euro 986 million rights issue (the "Rights Issue"). Subscriptions made by Shareholders exercising their pre-emption rights resulted in a coverage ratio of 96.7%, which increases to 150% approximately, when requests for oversubscription are included.
The final allocation for oversubscribed shares and the date of commencement of trading of the new shares on the Athens Exchange will be duly communicated in a separate announcement.
The Chairman of the Board of Directors of the Bank, Mr Yannis S. Costopoulos, stated:
"We are delighted to announce the successful completion of our Euro 986 million Rights Issue. In spite of the market turbulence of the past few days, the Rights Issue was taken up by 96.7% of our Shareholders with an additional 50% oversubscription. This is evidence of the investors? long term confidence in our Bank."
Alpha Bank announces the successful completion of its Euro 986 million rights issue (the "Rights Issue"). Subscriptions made by Shareholders exercising their pre-emption rights resulted in a coverage ratio of 96.7%, which increases to 150% approximately, when requests for oversubscription are included.
The final allocation for oversubscribed shares and the date of commencement of trading of the new shares on the Athens Exchange will be duly communicated in a separate announcement.
The Chairman of the Board of Directors of the Bank, Mr Yannis S. Costopoulos, stated:
"We are delighted to announce the successful completion of our Euro 986 million Rights Issue. In spite of the market turbulence of the past few days, the Rights Issue was taken up by 96.7% of our Shareholders with an additional 50% oversubscription. This is evidence of the investors? long term confidence in our Bank."