110000 mm­llnn rreet­taai­ill ooffffeerr

Financial Mirror (Cyprus) - - FRONT PAGE -

Regis­tered share­hold­ers will be el­i­gi­ble to par­tic­i­pate in the re­tail of­fer for up to a to­tal of 416,666,667 new or­di­nary shares at a price per share of 24c, help­ing the bank raise a fur­ther EUR 100 mln, in ad­di­tion to the EUR 1 bln cap­i­tal raise ear­lier this year.

The bank said the ex­act terms and tim­ing of the re­tail of­fer and its sub­scrip­tion pe­riod will be set out in the prospec­tus. Th­ese new shares will be listed on the CSE and ATHEX at a later stage and much after the end-De­cem­ber list­ing of the new un­listed shares.

The to­tal 8.9 bln shares in­cludes the new shares is­sued to new in­vestors, shares held by share­hold­ers prior to March 2013 and shares con­verted from the 47.5% of un­se­cured de­posits used for the bail-in last year.

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