Successful completion of the sale of treasury shares
George Provopoulos, Chairman and CEO
The accelerated book building of 5.48m shares treasury shares, representing 5.2% of Emporiki s capital, run by UBS and JP Morgan, was launched this morning and completed by 9 am London time. The placement was twice oversubscribed solely by long-term international institutional investors. The shares were priced at euros 26.40 per share, representing a 0.50% discount to the previous day s closing.
Total proceeds of the placement of euros 145 million will directly enhance the Bank s capital base and represent the first steps of the Banks capital strengthening program.