Share fractions will not be issued. Any share fractions corresponding to the pre-emption rights exercised will be rounded down to the previous whole number of shares per beneficiary at the time of exercise and no rights will be exercisable for any remaining share fraction.
The holders of the New Shares will be entitled to dividends from the profits of the current financial year (01.01.2023 - 31.12.2023) and thereafter, in accordance with the applicable legislation and the Company's articles of association, provided that the Annual General Meeting of the Company resolves to distribute dividends for said financial year and provided that the New Shares have been credited to the accounts of the beneficiaries identified through the Dematerialized Securities System (D.S.S.) managed by the company "Hellenic Central Securities Depository Société Anonyme" (H.C.S.D.), on the date of the dividend cutoff right.
The resulting difference between the Issue Price and the nominal value of the New Shares, i.e. a total difference of up to €48,591,543.40 will be credited to the Company's "Share premium account".
Mr. Christos Megalou, Chief Executive Officer of Piraeus Bank Group, made the following statement:
“Piraeus Bank’s strategic partnership with Trastor marks a significant step for the Bank in achieving its revenue growth and diversification aspirations. Our participation in the Company’s capital increase, reflects our support to Trastor in further capitalizing on real estate investment opportunities in Greece.”
Mr. Tassos Kazinos, Chief Executive Officer of Trastor REIC, made the following statement: “This marks the Company's third share capital increase since 2019, underscoring our adeptness in raising and thoughtfully deploying capital within the Greek real estate market. Trastor has firmly established itself as a market leader with a strong growth rate track record, and the funds raised through this latest capital increase will further empower us to capitalize on investment opportunities with optimism and confidence. Rooted in value-add investing and the proficient management of premium commercial assets, our strategy continues to yield substantial returns for all our shareholders."
