Announcement of Corporate Action
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October 14th, 2024
Announcement of Corporate Action
The Athens Stock Exchange announces that the following corporate actions will take place on Wednesday, October 16th, 2024:
1. Reverse Split
- Temporary suspension of trading of the 53,064,387 ordinary shares of "ATTICA BANK S.A." (ISIN:GRS001003045), in order to be replaced by 530,644 new ordinary shares, with new nominal value of €5.00 per share, as a result of the shares' reverse split.
Record date: Thursday, October 17th, 2024.
Commencement of trading of the new shares, with a final nominal value of €0.05, following the decrease in the share par value: Monday, October 21st, 2024.
2. Share Capital Increase
- Commencement of ex-rights trading for the share capital increase through a rights issue of "ATTICA BANK S.A.", realized in favor of the existing shareholders, at a ratio of 677.4209451157461 share capital shares for each existing ordinary share, at an offering price of €1.87 per share.
Record date: Thursday, October 17th, 2024.
Rights' subscription period: between Monday, October 21st, 2024, and Monday, November 4th, 2024 (included).
Trading of the 530,644 rights (following the reverse split): between Monday, October 21st, 2024 and Wednesday, October 30th, 2024 (included).
According to the terms of the share capital increase, the issuer will issue up to 359,469,360 warrants, (not listed/admitted to trading) to investors who subscribe for and are allocated warrant exercise shares, at a conversion ratio of 3.5 warrant exercise shares for every 1 warrant that is exercised by its holder. Under the condition of full coverage, there will be issued: a) 359,469,360 new ordinary shares from the share capital increase, and b) 1,258,142,760 new ordinary shares following the warrants' exercise by their holders.
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