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Attica Bank SA Announces Share Capital Increase With Pre-Emptive Rights For EUR 199.40 Million; Issues Convertible Bond Loan For EUR 200 Million

Thursday, 10 Jan 2013 11:59am EST 

Attica Bank SA announced the increase of the Bank’s share capital by EUR 199,406,822.10 through the payment of cash and the issuance of 664,689,407 new common, registered, bearing voting rights shares of a nominal value of EUR 0.30 each. The proposed offer price of the new shares is EUR 0.30 per share, which can be higher than the market price of existing shares on the date that they will start trading ex-rights. Pre-emptive rights will be granted to existing common shareholders at a ratio of 19 new common shares for each existing common share, with the aim of raising capital amounting up to EUR 199.4 million. The Bank will also issue a convertible bond loan with pre-emptive rights for existing shareholders for the amount of EUR 200 million. The proposed issue price of each bond is EUR 1.00 (equal to the par value of the bonds), while any bond is proposed to provide the option to convert from 0.5 to 3.3 shared / common voting share / shares of the Bank. 

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11 Jul 2014