ANNOUNCEMENT FOR SHARE CAPITAL INCREASE IN THE FORM OF NIL PAID RIGHTS ISSUE IN FAVOUR OF EXISTING SHAREHOLDERS: EX-RIGHTS DATE AND NIL PAID RIGHTS TRADING PERIOD (CORRECT REPETITION)
In accordance with the decision of the Board of Directors of Cyprus Popular Bank Public Co Ltd (the “Bank”) which was taken on 16.05.2012, the Bank will increase its share capital by €1,8 billion, by issuing 17.990.734.564 new shares of the Bank in favour of its existing shareholders via the issue of nil paid Rights. The 1.611.110.558 nil paid Rights will be issued and offered free of charge to the shareholders of the Bank who will be registered both at the Central Depository / Registry of the Cyprus Stock Exchange (“CSE”) as well as the Dematerialised Securities Systems (“DSS”) of Hellenic Exchanges (“HELEX”), on 30.05.2012 (record date), at a ratio of one (1) nil paid Right for every one (1) ordinary share. The ex-rights date is the 28.05.2012. Therefore, right to the nil paid Rights will have the persons who will acquire shares of the Cyprus Popular Bank Public Co Ltd by the 25.05.2012 (last cum date). Every six (6) nil paid Rights that will be exercised at a total price of €6,70, i.e. €0,10 per share, will be converted into sixty seven (67) fully paid new shares of the Bank. Fractions will be ignored. The issue price of the new shares may be higher that the adjusted market price at the ex-rights date.
It is noted that the exercise of the nil paid Rights does not exclude the exercise of Subscription Rights, which could be exercised concurrently with the nil paid Rights for the acquisition of additional new shares, in case they remain unsubscribed at the end of the period for the exercise of the nil paid Rights.
In case that there are nil paid Rights that have not been exercised after the end of the period for the exercise of the nil paid Rights and the satisfaction of the Subscription Rights, in accordance with the terms of the approved Prospectus, the unsubscribed new shares will be acquired by the Republic of Cyprus under the Underwriting of Rights Issue of Cyprus Popular Bank Public Co Ltd Decree.
The Athens Exchange (ATHEX) on 24.05.2012 and the Council of the Cyprus Stock Exchange (CSE) on 27.04.2012 have approved the listing for trading of the above mentioned nil paid Rights.
Important dates relating to the issue, trading and exercise of the nil paid Rights are listed below:
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25.05.2012 |
Last cum date of the Bank's share, i.e. date until which the persons who shall acquire Bank shares shall be entitled to participate in the allotment of nil paid Rights. |
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28.05.2012 |
Ex-rights date after which the shares shall be traded without the benefit of nil paid Rights. On the same date, the starting price will be adjusted in accordance with Resolution 26 of the Board of Directors of ATHEX and the Regulations of CSE. |
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30.05.2012 |
Date of registration / record date at the end of which the persons entitled to take part in the allotment of nil paid Rights are registered in the records of CSE and ATHEX. |
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07.06.2012 |
Dispatch date of allotment letters / information letters to the shareholders. |
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15.06.2012 |
Commencement of the nil paid Rights trading period, commencement of the nil paid Rights exercise period and, at the same time, commencement of the Subscription Rights period. |
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22.06.2012 |
End of the nil paid Rights' trading period. |
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29.06.2012 |
End of the nil paid Rights exercise period and of the Subscription Rights period. |
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30.06.2012 |
Decision of the Board of Directors for the allotment of any nil paid Rights not exercised. |
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30.06.2012 |
Date of issue of new shares |
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11.07.2012 |
Date of dispatch of allotment letters for the new shares to be issued from the exercise of the nil paid Rights. |
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It is noted that the time-schedule depends on imponderable factors and it may thus be amended through an announcement to the CSE and the ATHEX, as well as to the Greek and Cypriot press, or with the issue of a Supplementary Prospectus, if applicable. |
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The date of listing of the new shares on the CSE and the ATHEX will be notified through a new announcement.
The share capital of the Bank, after the issue of the new shares, will amount to Euro 1.960.184.512,20 divided into 19.601.845.122 ordinary shares of nominal value Euro 0,10 each.
The exercise of the nil paid Rights will be made during the above stated period as follows:
- In Cyprus
- At any branch of “Cyprus Popular Bank Public Co Ltd”
- In Greece
- At any branch of “Marfin Egnatia Bank”, or
- Through the stockbrokers [except the Hellenic Exchanges (HELEX)] of the securities accounts (stock brokerage company or custodian) following the submission of the necessary documents and provided the stockbroker agrees.
For more information or clarifications the shareholders could apply to:
- “Cyprus Popular Bank Public Co Ltd”
Telebank Tel.: from Cyprus 8000 2000, from abroad 00357 22887766
- “Marfin CLR (Financial Services) Ltd”
Tel.: 00357 22367367
- “Investment Bank of Greece S.A. ”
Tel.: 0030 210 8173000
- “Marfin Egnatia Bank” – Shares Department
Tel.: 0030 - 210 7710196, 210 7710383 and 210 7710053