The time period from 25-08-2022 to 08-09-2022 is the deadline within which the existing shareholders can exercise the right to redeem the rights to purchase common shares, as Attica Bank announced today.
It is recalled that on 10-08-2022, the bank issued 271,448,946 free (without consideration) certificates of rights to acquire common shares (the “securities”) in favor of the Greek State in accounting form and handed them over to the Greek State by credit in the Securities Account maintained by the Greek State in the system of the central securities depository.
The existing shareholders have, in accordance with article 6 par.1 of the above PYS, the right to redeem the above securities in proportion to their percentage of participation in the share capital on the date of the General Assembly of 07-05-2022 and with a redemption price of 0 .08406 euros per title.
Each outstanding common share corresponds (after rounding) to a right to acquire 0.22173 securities, with a minimum amount for a redemption right corresponding to 100 securities.
As the bank notes in a related announcement:
The period within which the existing shareholders can exercise the right to redeem the securities is the period from 08-25-2022 to 09-08-2022.
Existing shareholders are granted the right to pre-register for the acquisition within the same deadline of unallocated securities at a Redemption Price of 0.08406 euros per security.
Third parties are granted the right of pre-registration for the acquisition within the same period as above of unallocated securities at the Redemption Price of 0.08406 euros per security.
If, after the exercise of the redemption right by the existing shareholders, unallocated securities remain, they will be distributed to the existing shareholders and third party investors who have registered for the acquisition of unallocated securities. If the number of unavailable securities is greater than the number of securities requested through pre-registrations, the pre-registrations are satisfied in their entirety. If the number of executors is not sufficient to cover the submitted applications, the Bank’s Board of Directors will decide with a newer decision on how to distribute the executors.
The application that will be submitted by the existing shareholders or third parties for the exercise of the right to redeem the securities as well as for the exercise of the pre-subscription right for the acquisition of unallocated securities during the aforementioned deadline will be a single application and the rights will be exercised at the same time. The above application is submitted either to the Bank’s network of branches or to the custodian of each investor, while at the same time the price corresponding to the redemption of the above securities will be paid. The receipt of the files and registrations submitted to the Bank on behalf of the operators will be done by the Money Markets and Capital Markets Operational Support Sub-Directorate (Dimitriou Gounari 3-5 & Plapouta, Peristeri, Ground Floor). For better service and due to COVID 19, please first contact the Money Markets and Capital Operational Support Sub-Directorate / Accounts Payable and Securities Custody Department (tel. 210-3669570 and 210-3669571) responsible: Ms. Eleni Efthymiou, Ms. Marina Apanomeritaki ), to make an appointment. The following e-mail address will be used for sending any test files as well as the final files: [email protected].
In case of a request for unallocated securities that is not satisfied, the corresponding price will be returned to the applicant after the completion of the allocation process of the unallocated securities.
The State Participant (National Bank of Greece) proceeds with the control of the requests, the return of the corresponding number of securities, the settlement of the transaction, as well as the return of the product of the purchase of the securities to the Greek State.
After the redemption period has passed, the Bank will inform the applicants of the number of securities that will come into their possession, through the crediting of the warrants to their accounts at S.A.T.
According to article 7 of the PYS, after the end of the overall period provided for in condition 6 of the PYS, the securities are securities within the meaning of par. 44 of article 4 of Law 4548/2018 (A’ 14) and paragraph e of paragraph 3 of article 1 of Law 3371/2005 (A΄ 178) and are freely transferable and negotiable on a regulated market. Therefore, after the completion of the above-described process, the securities will be admitted to trading on a regulated market in accordance with the provisions of the PYS, while for their admission to the regulated market of the Athens Stock Exchange, a Prospectus will be submitted for approval to the Capital Market Commission, in accordance with the provisions in Regulation (EU) 2017/1129.
The Bank will come back with a newer announcement on the introduction of the securities to be traded on a regulated market as well as on the time period of their trading.
Thereafter, the securities will automatically convert into common registered shares of the Bank with a ratio of one security to one share.
Source: Capital
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