ΑΓΡΟΤΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ Α.Ε.
Full Coverage: Share Capital Increase in cash with pre-emption rights in favor of existing shareholders
Full Coverage: Share Capital Increase in cash with pre-emption rights in favor of existing shareholders
The Board of Directors of Agricultural Bank of Greece (hereafter the "Bank") informs investors on the following:
The Bank's share capital increase in cash with pre-emption rights in favor of existing shareholders at a ratio of thirteen (13) new common registered bearing voting right shares (the "New Shares") of a subscription price of €1.07 each for one (1) existing common registered bearing voting right share (henceforth the "SCI"), pursuant to the resolution of the Ordinary General Assembly of shareholders of 29.04.2011, as performed from 10.06.2011 until (including) 24.06.2011 (i.e. the pre-emption rights exercise period), was covered by shareholders exercising their pre-emption rights at a percentage of 82.56% who paid in cash €1,039,767,253.79 which corresponds to 971,745,097 New Shares, while 205,332,675 New Shares remained unsubscribed.
It is noted that the Hellenic Republic, the Bank's major shareholder, has fully exercised its pre-emption rights, paying in cash €973,722,659.39.
According to the resolution of the Bank's Board of Directors (BoD) of 29.06.2011, the as above 205,332,675 unsubscribed New Shares were offered, in accordance with the relevant references in the Prospectus, as follows:
(i) To persons having exercised Oversubscription Rights 1,541,100 New Shares, covering 0.13% of the SCI.
(ii) To the Bank's Employees and Pensioners 639,603 New Shares, covering 0.05% of the SCI.
(iii) To investors participating in the Book Building process 860,000 New Shares, covering 0.07% of the SCI.
(iv) To the Hellenic Republic 159,579,960 New Shares, covering 13.56% of the SCI, further to the New Shares subscribed for by the Hellenic Republic pursuant to the latter fully exercising its pre-emption rights.
(v) To ALPHA ΒΑΝΚ, EFG EUROBANK ERGASIAS, NATIONAL BANK OF GREECE, PIRAEUS BANK, MARFIN POPULAR BANK (the "Guarantors") 42,712,012 New Shares, in total, covering 3.63% of the SCI, each of Guarantors subscribing for a number of New Shares corresponding to the guarantee coverage percentage undertaken by the latter, in accordance with the Guarantee Agreement that the Bank has entered into with them.
Following the above, the final coverage percentage of the SCI amounted to 100% and the total SCI proceeds to €1,259,473,216.04.
Upon SCI's completion, the Bank's share capital shall have increased by €706,246,663.20, through the issue of 1,177,077,772 New Shares of a nominal value of €0.60 each.
Following the SCI certification by the BoD, the Bank's share capital will amount to €1,435,573,329.60, divided into a) 1,267,622,216 common registered shares of a nominal value of €0.60 each and b) 937,500,000 redeemable preference nonbearing voting right shares owned by the Greek State, of a nominal value of €0.72 each.
The New Shares shall be delivered to the beneficiaries in dematerialized form by crediting them into their securities account held with the Dematerialized System of Securities ("DSS").
The date of the New Shares crediting with the accounts of the beneficiaries and the date of the commencement of trading of the New Shares on the Athens Exchange shall be duly notified to investors by a subsequent announcement of the Bank.
The Board of Directors of Agricultural Bank of Greece (hereafter the "Bank") informs investors on the following:
The Bank's share capital increase in cash with pre-emption rights in favor of existing shareholders at a ratio of thirteen (13) new common registered bearing voting right shares (the "New Shares") of a subscription price of €1.07 each for one (1) existing common registered bearing voting right share (henceforth the "SCI"), pursuant to the resolution of the Ordinary General Assembly of shareholders of 29.04.2011, as performed from 10.06.2011 until (including) 24.06.2011 (i.e. the pre-emption rights exercise period), was covered by shareholders exercising their pre-emption rights at a percentage of 82.56% who paid in cash €1,039,767,253.79 which corresponds to 971,745,097 New Shares, while 205,332,675 New Shares remained unsubscribed.
It is noted that the Hellenic Republic, the Bank's major shareholder, has fully exercised its pre-emption rights, paying in cash €973,722,659.39.
According to the resolution of the Bank's Board of Directors (BoD) of 29.06.2011, the as above 205,332,675 unsubscribed New Shares were offered, in accordance with the relevant references in the Prospectus, as follows:
(i) To persons having exercised Oversubscription Rights 1,541,100 New Shares, covering 0.13% of the SCI.
(ii) To the Bank's Employees and Pensioners 639,603 New Shares, covering 0.05% of the SCI.
(iii) To investors participating in the Book Building process 860,000 New Shares, covering 0.07% of the SCI.
(iv) To the Hellenic Republic 159,579,960 New Shares, covering 13.56% of the SCI, further to the New Shares subscribed for by the Hellenic Republic pursuant to the latter fully exercising its pre-emption rights.
(v) To ALPHA ΒΑΝΚ, EFG EUROBANK ERGASIAS, NATIONAL BANK OF GREECE, PIRAEUS BANK, MARFIN POPULAR BANK (the "Guarantors") 42,712,012 New Shares, in total, covering 3.63% of the SCI, each of Guarantors subscribing for a number of New Shares corresponding to the guarantee coverage percentage undertaken by the latter, in accordance with the Guarantee Agreement that the Bank has entered into with them.
Following the above, the final coverage percentage of the SCI amounted to 100% and the total SCI proceeds to €1,259,473,216.04.
Upon SCI's completion, the Bank's share capital shall have increased by €706,246,663.20, through the issue of 1,177,077,772 New Shares of a nominal value of €0.60 each.
Following the SCI certification by the BoD, the Bank's share capital will amount to €1,435,573,329.60, divided into a) 1,267,622,216 common registered shares of a nominal value of €0.60 each and b) 937,500,000 redeemable preference nonbearing voting right shares owned by the Greek State, of a nominal value of €0.72 each.
The New Shares shall be delivered to the beneficiaries in dematerialized form by crediting them into their securities account held with the Dematerialized System of Securities ("DSS").
The date of the New Shares crediting with the accounts of the beneficiaries and the date of the commencement of trading of the New Shares on the Athens Exchange shall be duly notified to investors by a subsequent announcement of the Bank.