The Bank issued on 16-08-2021, 992,512,679 free of charge (no consideration) certificates for the acquisition rights of common shares (“warrants”) in favor of the Hellenic Republic in accounting form and delivered the ownership thereof to the Hellenic Republic, by means of crediting them to the Securities Account maintained by the Hellenic Republic in the Central Securities Depository.
The existing shareholders and also third investors, had according to article 6, par.1 of PYS, the right to redeem the warrants with redemption price of €0.1530 per warrant, from 31.08.2021 to 15.09.2021.
The existing shareholders that exercised their redemption rights during the above mentioned period acquired 475,067 warrants derived from their rights and 32,980 unallocated warrants, while third parties acquired 19,600 warrants from the unallocated ones, i.e. 527,647 warrants in total, while the Greek State owns 991,985,032 warrants.
The Board of Directors at its meeting of 20.09.2021, and following the resolutions of the Extraordinary General Meeting of 15.09.2021 for the increase of the nominal price of the common shares with simultaneous decrease of the number shares by the integration of sixty securities (60) into one (1) (reverse split) ascertains and announces the automatic impairment, pursuant to article 8 of the PYS, of the above warrants by merging sixty (60) warrants into one (1) that is, 992,512,679 warrants with a redemption price of 0.1530 euros per warrant are reduced to 16,541,878 warrants and the Redemption Price of each is adjusted due to the merger to 9.18 euros per adjusted warrant. Out of these warrants, 16,533,102 warrants remain in the ownership of the Greek State and 8,776 securities are acquired by shareholders and / or third parties.
