PIRAEUS FINANCIAL HOLDINGS S.A.
Announcement on the reduction of share capital by reducing the nominal value of ordinary registered shares
PIRAEUS BANK S.A. (the "Bank") announces that the Second Iterative General Meeting of Shareholders of 20.12.2010 resolved to reduce the Bank's share capital by an amount of 1,503,138,159.93 euros, for the purpose of creating a special reserve in the same amount, according to article 4 paragraph 4a of Codified Law 2190/1920.
The reduction of the Bank's share capital will be effected by a corresponding reduction of the nominal value of the ordinary share from € 4.77 each to € 0.30 each.
After this reduction, the Bank's share capital amounts to € 470,881,754.88, divided into 336,272,519 ordinary registered shares each with a nominal value of € 0.30 and 77,568,134 preference registered non-voting, tangible and redeemable shares issued under the provisions of Law 3723/2008, each with a nominal value of € 4.77.
By its Decision number K2-11967/30.12.2010, the Ministry of Development approved the amendment of the Bank's relevant Articles. The Athens Exchange was advised on 31.12.2010 of the reduction of the nominal value of the Bank's ordinary shares.
Following the above, as of 07.01.2011 the Bank's ordinary shares shall be traded at the Athens Exchange with the new nominal value of € 0.30 per share.
The reduction of the Bank's share capital will be effected by a corresponding reduction of the nominal value of the ordinary share from € 4.77 each to € 0.30 each.
After this reduction, the Bank's share capital amounts to € 470,881,754.88, divided into 336,272,519 ordinary registered shares each with a nominal value of € 0.30 and 77,568,134 preference registered non-voting, tangible and redeemable shares issued under the provisions of Law 3723/2008, each with a nominal value of € 4.77.
By its Decision number K2-11967/30.12.2010, the Ministry of Development approved the amendment of the Bank's relevant Articles. The Athens Exchange was advised on 31.12.2010 of the reduction of the nominal value of the Bank's ordinary shares.
Following the above, as of 07.01.2011 the Bank's ordinary shares shall be traded at the Athens Exchange with the new nominal value of € 0.30 per share.